• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

BOOM: Premium Bonds

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #31
    Originally posted by Zigenare View Post

    Premium Bonds are not an asset that can be passed on to a beneficiary in the same way that funds from bank accounts and savings accounts can; they cannot simply be inherited or transferred to someone else's name.
    I think you two need to sit down in a room and beat each other off to release the stress.

    The bond numbers cannot be passed on electronically, but they can be held after a person's death for up to a year - during which time they may still "win prizes" and the value of the bonds can be passed on through the estate.
    You are both pedantically right and both pedantically wrong, since you are doing the typical "argument over two different things"

    {emotionless greeting}

    Three Word Slogan

    Comment


      #32
      Originally posted by d000hg View Post

      It's almost like if he'd explained helpfully in his first post instead of being a superior assmunch, he'd have saved a load of effort.

      It's Mr. Superior Assmunch to you.

      but why do you want to put them in an ISA?
      You can't but I still don't understand your reasoning.



      Yours,
      Assmunch.

      See You Next Tuesday

      Comment


        #33
        Originally posted by Lance View Post
        It's Mr. Superior Assmunch to you.

        but why do you want to put them in an ISA?
        You can't but I still don't understand your reasoning.

        Yours,
        Assmunch.
        Because in an ISA he can get tax relief on the 'investment return' ..... oh, hold on ...
        I am what I drink, and I'm a bitter man

        Comment


          #34
          Originally posted by Zigenare View Post
          Premium Bonds are not an asset that can be passed on to a beneficiary in the same way that funds from bank accounts and savings accounts can; they cannot simply be inherited or transferred to someone else's name.
          Not “in the same way” is not equivalent to “can’t be inherited” - get some evening English lessons for retards such as yourself.

          Cashing out without losses Premium Bonds and splitting them up if necessary is as “simple” as it gets to inheritance (zero argument about known fixed value and zero transaction losses), real no brainer given its 1:1 monetary value and thus no issues related to valuation of such inheritance.

          It’s pretty obvious that the requirement to cash out Premium Bonds follows from the artificial limits placed on maximum size of ownership, which does indeed makes inheritance “not in the same way” as bank accounts, but that’s a mere technicality that is completely immaterial, you got that now, cretin?

          HTH


          Last edited by AtW; 29 September 2022, 12:57.

          Comment


            #35
            They're not a bad place to put your money if you don't want to tie it up for any length of time or have any notice period. 2.2% looks pretty good compared to instant access savings accounts.
            https://moneyfacts.co.uk/savings-acc...vings-accounts

            To have a decent chance of getting close to the 2.2% on a month-by-month basis, you need to have a large holding. I'm guessing probably at least £30k?
            Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

            Comment


              #36
              Originally posted by DealorNoDeal View Post
              They're not a bad place to put your money if you don't want to tie it up for any length of time or have any notice period. 2.2% looks pretty good compared to instant access savings accounts.
              https://moneyfacts.co.uk/savings-acc...vings-accounts

              To have a decent chance of getting close to the 2.2% on a month-by-month basis, you need to have a large holding. I'm guessing probably at least £30k?
              Yes, you can set it up to put in a set amount each month, and you can set the winnings to auto-reinvest.
              Back in 2009 we were about to buy a house and I needed to take out my bonds to be part of the deposit. I ticked the box to say "take out immediately after next draw", so all the bonds came out. But in that draw I won £25. That £25 prize was all that was in my account. The next month I won £50, based on the £25.
              {emotionless greeting}

              Three Word Slogan

              Comment


                #37
                Originally posted by WTFH View Post
                Back in 2009 we were about to buy a house and I needed to take out my bonds to be part of the deposit.
                I know a couple of people who are using them to save the deposit for a house, and they seem like quite a good option where you want easy access and no risk to your capital.
                Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

                Comment


                  #38
                  You can now get 2% interest on a flexible, instant access cash ISA. You can get close to 3% on an instant access ISA that's not flexible (if you withdraw the money you can't put it back in later under the original allowance). If you don't care about losing the interest if you need to withdraw, you can get over 3.5% with 90 days interest penalty
                  Originally posted by MaryPoppins
                  I'd still not breastfeed a nazi
                  Originally posted by vetran
                  Urine is quite nourishing

                  Comment


                    #39
                    Originally posted by WTFH View Post
                    I've had £450 interest this tax year so far on my bonds.
                    Useless mod sharing out of date information.

                    Following this month's £175, it's £625 for the tax year now.
                    {emotionless greeting}

                    Three Word Slogan

                    Comment


                      #40
                      £750 since April. Enough for a couple of nice bottles of whisky to keep me warm over winter.
                      England's greatest sailor since Nelson lost the armada.

                      Comment

                      Working...
                      X