Pensioner Bonds Guide

gfplux

alanq wrote: »

You cannot add but you can buy additional bonds up to the maximum permitted total for each issue.

"26. As Bonds have a specified term, it is not possible to invest further money in a particular Bond once it has been issued. Where a person purchases Bonds of a particular Issue on different dates, a new Bond will be issued in respect of each purchase."
http://www.nsandi.com/files/published_files/asset/pdf/65-guaranteed-growth-bonds-brochure.pdf

All very clear.
As and when I have some more spare cash I will be adding another bond to my holding up to the maximum of £10k for 1 year and £10k for 3 year.

Tr@cker

"But, technically, you could give the money to your parent/grandparent as a 'no-strings' gift. However, if you give them cash, it then becomes their money – not yours. You don't have a right to ask for it back. So if you give the cash to save, and they plan to give it back straight after, that's likely a breach of NS&I's terms ".

How would they know you'd done that and could they be arsed to find out anyway ? :rotfl:

rexel

I have two pensioner bonds one on 26/2/15 one on 5/3/15 have received a letter to say they will send me confirmation form to sign and return when do you get this letter

aliehs

Is anyone else in the same boat? I have had my money returned from NS as I had not returned a list of all our Ni accounts and numbers by 16th February. In all the years dealing with Ni have I ever had to do this. Surely NI have a list of all our accounts on record and don't need us to tell them. I was told that it is to do with security which does not inspire me with confidence. None of this is mentioned in the publicity and a warning about the deadline. We missed it (they don't give you much time) due to building work being done at home. Now we have to reapply again. Think I might phone this time. Any comments about this Martin? The money was returned to out bank account the day after the deadline.

retiree

rexel wrote: »

I have two pensioner bonds one on 26/2/15 one on 5/3/15 have received a letter to say they will send me confirmation form to sign and return when do you get this letter

I received confirmation after about 5 days, but did not have to return anything.

ArchieVist

Oh, joy, just received a 'personal' letter from that nice Mr Osborne, inviting me to buy some 65+ bonds. Nice bribe attempt, but I've already liquidated ISA and bought £5k of 3-year issue, will buy another £1k of 3-year bond soon during Council Tax holiday, and I'm voting for good ole Vince anyway.:p

Newly_retired

Two weeks since the money left my account, but I have still not received any paperwork.
I will ring them on a Monday. How long should it take to get paperwork?

nilrem_2

Newly_retired wrote: »

Two weeks since the money left my account, but I have still not received any paperwork.
I will ring them on a Monday. How long should it take to get paperwork?

They are very slow, mine took over 2 weeks to arrive, if the money has been taken your bonds will be secured.

stingy1

Odd question

My old mans 71 and gets his state pension and also pension credit on top, if he was to open a 10k or even 2x10k 3 year bonds would that not mess up his pension credit allowance and it would get deducted ?

My dad says if you show them you got 20k they will cut his pension benefit maybe not the pension but the pension credit, am unsure of this.

mike88

stingy1 wrote: »

Odd question

My old mans 71 and gets his state pension and also pension credit on top, if he was to open a 10k or even 2x10k 3 year bonds would that not mess up his pension credit allowance and it would get deducted ?

My dad says if you show them you got 20k they will cut his pension benefit maybe not the pension but the pension credit, am unsure of this.

Your father is obviously expert in defrauding the taxman and taxpayers.

When you apply your income is worked out. This includes:

State Pension
other pensions
most social security benefits, eg Carer’s Allowance
savings, investments over £10,000 - for these £1 is counted for every £500 or part £500
earnings

In order to establish the precise position follow this link here:

https://www.gov.uk/pension-credit/eligibility