Originally posted by Lance
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BOOM: Premium Bonds
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Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last. -
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.
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 TuesdayComment
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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.
Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.Comment
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How much have premium bond payouts risen by when factored for inflation?
First Law of Contracting: Only the strong surviveComment
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Originally posted by _V_ View PostHow much have premium bond payouts risen by when factored for inflation?Comment
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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…
Good luck with that!First Law of Contracting: Only the strong surviveComment
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Originally posted by _V_ View Post
1 in 59,082,205,208
Good luck with that!Comment
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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?Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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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.Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.Comment
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