Premium Bond Winner ?

abgrad

Argh, I know I said I was going to take some money out and put it in an ISA this month… well I’ve not done that yet 😂. I’m just being rather lazy and uncertain like I am about many things including whether to even sell my flat 😂 

Anyway, I found the MSE calculator that calculates how much you would earn from a savings account based on your tax band (basic, higher etc) and now I can’t find it again. Can someone please link me to it? Thanks! I wish there was a page that showed all the MSE calculating tools. 

So, I have some money in savings that I will move into an ISA since I don’t really have one now. I do have a LISA but I feel it doesn’t really count! Then, after September draw I will probably withdraw enough to get my tax free interest but I will also consider withdrawing much more even if I have to pay interest on it as I don’t seem to be that “lucky” at the moment. I feel I should try a bit harder to get my money to work harder like setting up some regular savers too. 

eskbanker

abgrad said:

I found the MSE calculator that calculates how much you would earn from a savings account based on your tax band (basic, higher etc) and now I can’t find it again. Can someone please link me to it?

Perhaps you're thinking of the table shown in the MSE premium bonds article?

https://www.moneysavingexpert.com/savings/premium-bonds/#tips-7

Their analysis is a bit of a blunt instrument in that they only consider all interest as being outside the personal savings allowance (so simply involves deducting 20/40/45% from the gross return), whereas in reality it's likely to be more nuanced than that for many.

MallyGirl

£175 on £46K this month.

January               £200

February             £175

March                  £50

April                    £200

May                     £100

June                    £250

July                      £200

Aug                      £175

abgrad

eskbanker said:

abgrad said:

I found the MSE calculator that calculates how much you would earn from a savings account based on your tax band (basic, higher etc) and now I can’t find it again. Can someone please link me to it?

Perhaps you're thinking of the table shown in the MSE premium bonds article?

https://www.moneysavingexpert.com/savings/premium-bonds/#tips-7

Their analysis is a bit of a blunt instrument in that they only consider all interest as being outside the personal savings allowance (so simply involves deducting 20/40/45% from the gross return), whereas in reality it's likely to be more nuanced than that for many.

Thanks for your reply  
I found it again, it’s this…
https://www.moneysavingexpert.com/savings/savings-calculator/

DJSINGH

Anyone winning much on a holding around 15-20k?

BooJewels

I have £22k (was £20k until May, no winners yet from the additional £2k) and I've won £1,125 in the last rolling year - quite a bit more in the second six months than the first.  So a rolling return of around 5.35% - if I work on an average holding of £21k.   I've had PBs in 16 draws now and my average win has been £78.13 per draw, although my balance fluctuated between £100 and max holding in the first few.

I've won 7 x £100 prizes in recent months. 3 x £50 and the balance in £25s.  Biggest month was £325 in July.  I'm therefore fully expecting zip in tomorrow's draw.

Keep_pedalling

Someone in Australia won £100k this month on a holding of £117. This was on a £5 bond purchased in 1968. Wonder if they are still alive to enjoy it? 

BooJewels

I just search initially by my county, but I've nothing in the big list this month - not that I expect to be, but I do like looking at the numbers - there are a couple of big winners with modest holdings - someone in Warwickshire won £100k with a £300 holding they bought this year.  And a £25k win on £100 holding for 2 different people.

I think the Australian one was only £50k though, I noticed that myself - it jumped out because the bond number was shorter, so I knew it was an old one.

Sg28

Also someone from Warwickshire will get a nice suprise in their emails next week. 

Bought £300 in January and won £100k! 

taylornj

£100 win with £50k holding.