Premium Bonds ?

[Blackpool Rock]

Although could shove £20K in a cash ISA this tax year before 6th April then another £20K from 6th April if you haven’t used up ISA allowance ready…then it’s tax free

If you want to actually make decent money though you need to invest in the stock market / funds etc but consider it a long term investment which can sometimes be a bumpy ride

[Darren101]

A mixture of both is good. You can have a mix of both in the form of ISAs (up to £20K per tax year).   I got more in the Premium  Bonds than ISAs currently and havebeen reluxtant to take anything out as I kept winning each month but will try to use the ISA allowance more.  Especially when I max out the PBs.working up to it.

[Blackpool Rock]

A mixture of both is good. You can have a mix of both in the form of ISAs (up to £20K per tax year).   I got more in the Premium  Bonds than ISAs currently and havebeen reluxtant to take anything out as I kept winning each month but will try to use the ISA allowance more.  Especially when I max out the PBs.working up to it.

Yeah, i've just started a dedicated finance & investment thread which will hopefully get people sharing general thoughts on investing etc

[RandomGuy99]

Only £100 + £25 for me.


If you’re constantly getting zero, yes but never know if you will win or not.

Did you buy in lump sums or gradually over time? 

£50K in an instant savings account would get you about £200 per month at around 5%or there about. Would be taxable over £1K earnt or £500 earned or all taxed depending on how much you earn.

The winnings on Premium Bonds are only tax free if you reinvest in Premium Bonds or you put the winnings in a cash ISA or some other tax free account.

A cash ISA will do better than Premium Bonds in terms of interest earned.

[Darren101]

No, all prizes from it are tax free whether you reinvest or not. 

From the Ns&i website

Will you pay tax?
No. All prizes are tax-free.

Future gains from the prize money earning interest is another story which you can put in ISA’s etc

[RandomGuy99]

Let's see what happens in the budget. The Tories will be trying to get people to vote for them in the general election.

[Darren101]

Did you hear something about them changing Premium Bonds?

Thought the worst they'd do is drop the prize rate again. 

[Blackpool Rock]

Did you hear something about them changing Premium Bonds?

Thought the worst they'd do is drop the prize rate again.

More likely they will increase the holding you can have to try and win votes, that's not meant as a political comment BTW just one way in which Premium bonds may get dragged into the mix

[Darren101]

That would be a welcome change for me    I've almost maxed it.

[Moby Dick]

Corrected for you:

The winnings on Premium Bonds are only tax free but the interest then earned on the winnings is only tax free if you reinvest in Premium Bonds or you put the winnings in a cash ISA or some other tax free account.

A cash ISA may sometimes do better than Premium Bonds in terms of interest earned.

My premium bonds did better than my cash isas last year which paid between 4.8% to 5.5%.

[Steve2]

Sorry no luck
This time

[Squire Haggard]

£50 for me.  It could have been worse.

[RandomGuy99]

Corrected for you:
My premium bonds did better than my cash isas last year which paid between 4.8% to 5.5%.

My stocks and shares ISA from last year managed to do 12% growth

[Moby Dick]

My stocks and shares ISA from last year managed to do 12% growth

And?

You really shouldn’t compare longer term (capital at risk) investments with short term cash / emergency funds.

[ohsnap]

£350 this month for me - happy with that!!

[robsmith149]

Zero from maximum holding.

[Blackpool Rock]

Zero from maximum holding.

Fuck me that must be defying the odds but in a bad way 

[Moby Dick]

Fuck me that must be defying the odds but in a bad way 

Not necessarily, he could win a million next month.

[The_Don]

win a million next month

 

External Link/Members Only  (lists £1m to £5k)


£50k holding netted £1m for 2 bonds  (Purchased  Sept 22 / Feb 21)

£100 (pound) netted 1 bond £100k (Purchased  Dec-23)

£100 (pound) netted 1 bond £100k (Purchased  Mar-90)

[Harry Monk]

Zero from maximum holding.

Same for me. Came as a surprise as I’ve had such a good run for over a year , so no complaints 

[Darren101]

Not necessarily, he could win a million next month.

One of the two £1m prizes will be mine next month.

 

[Snagbadjer]

I've won a few hundred quid on them over the past five years, which equates to a pittance each year. I regret not setting up an ISA now.

[RandomGuy99]

£200 this month.

[robsmith149]

£175 for me.

[Squire Haggard]

Zero for me. It can only get better.

[ohsnap]

£175 for me

[Harry Monk]

£175 for me

Same

[Steve2]

Sweet FA for me

[contentguy]

£200 this month.

Same 

[Darren101]

I jinxed it…

Just £25   

[cmspunk]

£350 this month for me. Happy with that but only 400 so far for this year 

[Boomboom]

£25 for me this month

[Private Parts]

More than a fs this month. Who’s counting?
Enjoy

[Darren101]

More than a fs this month. Who’s counting?
Enjoy

fs?

Counting what?

[Private Parts]

fs?

Counting what?

Sorry. FS full service, all in, no holds barred but with protection.
I’m not counting on there being any further queries.

[Andywb]

Sorry. FS full service, all in, no holds barred but with protection.
I’m not counting on there being any further queries.

Meaning? Wrong thread?

[Private Parts]

Apologies. Andywb.
I was drawing the analogy of having won enough to pay for a jolly good full service from a WG.
 
Does that help you?

[Darren101]

Ah, I had a feeling that was what it meant but wasn’t enough context to make me sure.  Congrats then.  I’m guessing that’s a £100ish win.

Could also be £75 for shorter session unless we’re talking massage extras.

Otherwise 50 quid if we’ren talking soho walkup

[NewGuy89]

£325 this month for me. Well happy with that, after a few poor months