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Premium Bonds Question

SteveyJC

SteveyJC Posts: 346 Forumite

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5 October 2006 at 1:08PM in Savings & investments

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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Comments

gt94sss2 Posts: 6,009 Forumite

5 October 2006 at 2:04PM

SteveyJC wrote:

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

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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