Premium bonds for children; parents 'taxed' on winnings? or not?

My_perfect_cousin

If a parent buys premium bonds for their child is there a potential tax charge for the parents on any winnings?

If so, is the tax charge on anything above £100 of winnings within the tax year (as per savings interest).

Or... are the winnings untaxed, as PB prizes are untaxed (kind of similar to JISA)?

Or... are the winnings taxed as. unlike JISA, the winnings can be withdrawn by the parent?

Similar, but different, excepting the potential for an IHT tax charge, is there a limit on how much a parent could invest in PBs for their child in a tax year (I'm aware that there's a the max PB investment of £50K)

thanks in advance for any wisdom

Linton

PBs are not taxed

masonic

Premium bond winnings are not taxable income, so it isn't a consideration.

There isn't any limit to how much you could gift to your child, so up to £50k could be invested for them.

friolento

PB winnings are tax free. 

If / when the winnings are subsequently earning interest, such interest is taxable income.

More on https://www.nsandi.com/get-to-know-us/nsandyou/gift

My_perfect_cousin

thanks all