Lucky win

[jamesbrown]

For me it works out around 2% per annum BEFORE tax, which is not bad at all, but feckers from this month reducing "prizes", supposedly no need for as much borrowing

Still, one could win £2 mln every month, tax free and without risk to capital... which would be nice!

I think the expected return is something like 1.3% when the maximum is invested (but this includes the high-valued prizes, so it's not the best measure). It's completely tax free though. As I say, better than most savings accounts as a higher rate tax payer (for those, it's perhaps 0.75%-1% after higher rate tax), but it's pretty marginal, even more so from June, as you say. Very little point unless you can put a large chunk in though (you can find the mathematics of this online w/r to expected returns).

[AtW]

Very little point unless you can put a large chunk in though (you can find the mathematics of this online w/r to expected returns).

I refer my Hounorable Friend to the first post -

Premium bonds -

Prize value Winning Bond Holding Area Bond Value Purchased
£100,000 14KT085181 £20 Lancashire £10 Mar-81

Simon got it?

[jamesbrown]

I refer my Hounorable Friend to the first post -

Indeed. I think the 1 mill prize was won last month by someone with the minimum investment. Luck is always better than maths.

[Platypus]

I think the 1 mill prize was won last month by someone

sadly, not me

[unemployed]

If I win the big one I am giving up work

[AtW]

If I win the big one I am giving up work

You won't have a job after Brexit! A loaf of bread with jacket potato from EU would cost £10 mln.

HTH

[unemployed]

You won't have a job after Brexit! A loaf of bread with jacket potato from EU would cost £10 mln.

HTH

I don't have one before Brexit

So that's handy

[unemployed]

not even 4 weeks and another £25 cheque

the big one is coming

[Moose423956]

£50 for me, £50 for the Mrs, and £125 for my eldest!

[Jog On]

filthy speculants!