Premium Bond Winner ?

sham63

£25 on 2 x full holding. 

So I’ve just cashed in £40k for our new s&s isa allowance next week.....

SoozyJ22

2 x £25 on £45k(ish)

josh33

Eco_Miser said:

Older bonds have their numbers extended to the length of new bonds by putting zeros at the front. So all bonds have the same number of digits and all bonds have an equal chance of being drawn, every time.

That makes sense, thanks for explaining!

Ibrahim5

I have won £50 on a £5 holding from 1967.

MX5huggy

Ibrahim5 said:

I have won £50 on a £5 holding from 1967.

Have they ever won before? That £5 would be worth £93 if it had kept up with inflation. 

mummytummy

Nothing for the last 10 months, holding £20k 🙁

Primrose

The one problem with premium  bonds (apart from the negative effect of inflation over the years) is that although any PB winnings are tax free like ISAs, on the death of a spouse, their value can,t be transferred tax free to a spouse, so I guess if one wants to maximise the benefits of tax free income to a surviving spouse, ISAs may have a winning edge. 

gallygirl

2 X 25 on 15k holding.

2 X 25 on max holding for daughter.
Around 1% over the last year for me, 0.5% for daughter.

thegentleway

mummytummy said:

Nothing for the last 10 months, holding £20k 🙁

That’s a bit unlucky!

eskbanker

Primrose said:

The one problem with premium  bonds (apart from the negative effect of inflation over the years) is that although any PB winnings are tax free like ISAs, on the death of a spouse, their value can,t be transferred tax free to a spouse, so I guess if one wants to maximise the benefits of tax free income to a surviving spouse, ISAs may have a winning edge. 

Just like ISAs, the account of the deceased has to be closed and the proceeds handled in accordance with the terms of the will.  If the surviving spouse inherits those proceeds then there's nothing stopping them from reinvesting them in PBs, but they don't receive any extra allowance equivalent to the ISA Additional Permitted Subscription, so can still only hold up to £50K worth, if that's perhaps what you were referring to.