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BOOM: Premium Bonds

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    #11
    Originally posted by Lance View Post

    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.
    Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.

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      #12
      Originally posted by Zigenare View Post

      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.
      See You Next Tuesday

      Comment


        #13
        Originally posted by Lance View Post

        "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?
        Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.

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          #14
          How much have premium bond payouts risen by when factored for inflation?

          First Law of Contracting: Only the strong survive

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            #15
            Originally posted by _V_ View Post
            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…

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              #16
              Originally posted by AtW View Post

              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!
              First Law of Contracting: Only the strong survive

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                #17
                Originally posted by _V_ View Post

                1 in 59,082,205,208

                Good luck with that!
                50,000 in 59,082,205,208!

                Comment


                  #18
                  Originally posted by Zigenare View Post

                  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.
                  Originally posted by MaryPoppins
                  I'd still not breastfeed a nazi
                  Originally posted by vetran
                  Urine is quite nourishing

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                    #19
                    Will be great when interest rates hit 5-6%

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                      #20
                      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.
                      Indeed.
                      Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.

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