Pensioner Bonds Guide

Ken68

Yes same here, started life as a Peps, then Tessa, then Isa, then Nisa, soon to be a PB. Need a name, maybe Penny.

G_M

On a practical note, anyone applied to similar bonds in the past?

Can one apply online & pay by transferring from an NS&I Direct Saver account?

Or should one transfer the money in advance to a current account?

What online payment methods are likely to be available?

kidmugsy

Ken68 wrote: »

Yes same here, started life as a Peps, then Tessa, then Isa, then Nisa, soon to be a PB. Need a name, maybe Penny.

The name's Bond, CodgerBond.

Ken68

Or Miss Moneypenny

System

When the Over-65 bonds were announced I read that the simplest way to purchase was first to register for online NS&I. I accordingly downloaded the form, filled in the details, and as it asked for any existing NS&I products I had, I listed my index-linked bonds.
Two weeks later I got a letter saying I couldn't register using those bonds as they weren't eligible. So it seems it is not possible after all to pre-register with NS&I.

I rang the Helpline and was told there was no need to register anyway. When they are announced, they can be bought online by debit card anyway, without registration, or by phone using debit card.
They could have made that clearer in the first place.

They still won't say when they will be available "We are in the dark too" was the response I got.

mgdavid

Clifford_Pope wrote: »

When the Over-65 bonds were announced I read that the simplest way to purchase was first to register for online NS&I. I accordingly downloaded the form, filled in the details, and as it asked for any existing NS&I products I had, I listed my index-linked bonds.
Two weeks later I got a letter saying I couldn't register using those bonds as they weren't eligible. So it seems it is not possible after all to pre-register with NS&I......

incorrect, I have just pre-registered and received my Number and temporary password. I just put 'no' against the 'existing products' question.
I too would very much like to know when these will be on sale; my guess is that the outsource IT company may still be working on the software changes.

Onawingandaprayer

mgdavid wrote: »

Yes, I am.

Sorry, being really dense here! How would one go about purchasing them through an existing ISA?

mgdavid

Onawingandaprayer wrote: »

Sorry, being really dense here! How would one go about purchasing them through an existing ISA?

taken out of context I think - read posts 79, 80 then 81.
We read it as taking money out of an existing ISA to buy Pensioner Bonds. As both 2.8% & 4% tax paid is better than ISAs offer.

Onawingandaprayer

mgdavid wrote: »

taken out of context I think - read posts 79, 80 then 81.
We read it as taking money out of an existing ISA to buy Pensioner Bonds. As both 2.8% & 4% tax paid is better than ISAs offer.

Thanks... got all excited for a moment...

Primrose

There may be a short term benefit in taking money out of cash ISA savings to purchase Pensioner Bonds which have a higher rate of interest, even taking tax into account, but for anybody looking for a much longer term strategy, taking money out of tax free investments that can't be replaced needs to be weighed up. Some people will be fortunate enough to have sufficient free savings which aren't ISA protected which they can switch into these bonds.