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Premium Bonds Question
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# 1
SteveyJC
Old 05-10-2006, 1:08 PM
MoneySaving Stalwart
 
Join Date: Oct 2004
Posts: 299
Default Premium Bonds Question

Hi,

Is it possible to put Premium bonds into joint names, and if so, is it easily done, or do they have to be sold and re-bought?

Thanks
Stevey
if i had known then what i know now
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# 2
gt94sss2
Old 05-10-2006, 2:04 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Jun 2003
Posts: 3,579
Default

Quote:
Originally Posted by SteveyJC
Is it possible to put Premium bonds into joint names, and if so, is it easily done, or do they have to be sold and re-bought?
Its not possible to hold Premium Bonds in joint names.

From the Premium Bonds T&C's

Quote:
Bonds may only be held in the name of one individual person. You may only buy Bonds:

(a) for yourself if you are aged 16 years or over;

(b) for a child under 16 years if you are their parent, grandparent, great grandparent, or guardian; or

(c) on behalf of and in the name of a mentally disordered person if you are his or her receiver.
Regards
Sunil
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