BOOM: Premium Bonds

[Zigenare]

that doesn't explain why you would want to put them in an ISA. That explains how you got them.

And if you knew anything about premium bonds you'd know that you can't inherit or transfer them.

[Lance]

And if you knew anything about premium bonds you'd know that you can't inherit or transfer them.

"Can't inherit" is a rather simplistic statement.
The 'bond' still exists in the estate and pays prize money for 12 months. At some point it needs to be cashed in as the bond itself cannot transfer to another person. So the value of the bond is inherited.

Your statement is a bit like saying you can't inherit a pension. The value of the pension can be inherited but not the actual pension itself. But ask any pension expert of your pension can be inherited and the answer is yes.


Of course in the olden days
the bond was on paper only. And that paper WAS inherited and cashed in.

[Zigenare]

"Can't inherit" is a rather simplistic statement.
The 'bond' still exists in the estate and pays prize money for 12 months. At some point it needs to be cashed in as the bond itself cannot transfer to another person. So the value of the bond is inherited.

Your statement is a bit like saying you can't inherit a pension. The value of the pension can be inherited but not the actual pension itself. But ask any pension expert of your pension can be inherited and the answer is yes.


Of course in the olden days
the bond was on paper only. And that paper WAS inherited and cashed in.

Which part of "And if you knew anything about premium bonds you'd know that you can't inherit or transfer them." didn't refer to the bonds themselves?

[_V_]

How much have premium bond payouts risen by when factored for inflation?

[AtW]

How much have premium bond payouts risen by when factored for inflation?

People who use premium bonds do so in order to win million quid, when inflation become a real problem this will change to a billion…

[_V_]

People who use premium bonds do so in order to win million quid, when inflation become a real problem this will change to a billion…

1 in 59,082,205,208

Good luck with that!

[pr1]

1 in 59,082,205,208

Good luck with that!

50,000 in 59,082,205,208!

[d000hg]

Which part of "And if you knew anything about premium bonds you'd know that you can't inherit or transfer them." didn't refer to the bonds themselves?

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.

[AtW]

Will be great when interest rates hit 5-6%

[Zigenare]

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.

Indeed.