Premium Bonds - If you post to say how much you've won, please also say how much you have invested.

mattyfez said:
If your cash ISA is a 'flexible' ISA and theres £62k in it, you could port, say £20K or £30k into a stocks and shares ISA right now if you wanted to.

It has to be an 'ISA to ISA' direct transfer though, if you pull the money out and pay it into your current account or whatever, it could cause you issues.

The money has to remain inside an 'ISA wrapper' to perserve its tax free staus.
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I didn't know you could do this. The cash isa is currently with trading212 id have to have a read.

For the moment BoE are being cautious on more rate cuts. I'm.getting about £205 interest per month from the isa on that rate atm .

But yeh will have a look in to stocks and shares
 
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DJMK4 said:
I didn't know you could do this. The cash isa is currently with trading212 id have to have a read.

For the moment BoE are being cautious on more rate cuts. I'm.getting about £205 interest per month from the isa on that rate atm .

But yeh will have a look in to stocks and shares
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That actually makes it quite simple - if you have a cash ISA with t212, you can simply open an 'empty' T212 stocks and shares ISA along side it on the same app/platform.

You can then pull, say ten grand for example, from your cash ISA directly into the S&S ISA.

There it will sit as 'uninvested cash' until you do something with it.

Once that money is in there, you can then, for example, place a 'buy order' for ten grands worth of an 'all world ETF', such as VWRP or whatever you want really.
 
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mattyfez said:
That actually makes it quite simple - if you have a cash ISA with t212, you can simply open an 'empty' T212 stocks and shares ISA along side it on the same app/platform.

You can then pull, say ten grand for example, from your cash ISA directly into the S&S ISA.

There it will sit as 'uninvested cash' until you do something with it.

Once that money is in there, you can then, for example, place a 'buy order' for ten grands worth of an' all world ETF', such as VWRP or whatever you want really.
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Cheers for info I'll look into it
 
Change of plan on what I am doing with this £200's months winnings.

I was going to buy car bits, but this has now changed to putting it towards a new mobile which is needed.


Its annoying, as when ever i win something thats over £100 on premium bonds, like £150 or more, something that I have has broken and i have to use the winnings to sort it out.
 
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Why are people comparing premium bonds with s&s ISAs? Yes ISAs are great from a zero tax wrapper but are subject to potential fluctuations up and down i.e. you can lose wealth in the short term versus paying into PBs which are pretty poor in terms of interest but avoid and tax elements and are going to be available when you need. In my book if the horizon is longer than five years when you may need the money s&s for the win, but as general savings such as emergency funds PBs offer benefits if you're subject to higher earner capital gains etc.

Perhaps I'm missing something but I think people forget its not all up in the stock market. Recent gains are giving people a false sense of security in that respect
 
n30_mkii said:
Why are people comparing premium bonds with s&s ISAs? Yes ISAs are great from a zero tax wrapper but are subject to potential fluctuations up and down i.e. you can lose wealth in the short term versus paying into PBs which are pretty poor in terms of interest but avoid and tax elements and are going to be available when you need. In my book if the horizon is longer than five years when you may need the money s&s for the win, but as general savings such as emergency funds PBs offer benefits if you're subject to higher earner capital gains etc.

Perhaps I'm missing something but I think people forget its not all up in the stock market. Recent gains are giving people a false sense of security in that respect
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Premium bonds you rarely see winnings that are bigger and consistant, unless you have over £35k in i found

Those that do win £100's and only have maybe £100 in the account or £2k, are lucky ones.


When i opened my account years ago, i was seeing the frequent £25 win when i had between £100 and £15k in, then it changed to around £50 the odd month win between £15k and £23k, then it started getting bigger wins and more frequent over £25k to 30k
 
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my mum just texted me to say she got £500 this month (off the full £50k) the beers are on her next we meet i guess :D

i am losing my job in a few months time and thinking of putting in all the money i get on leaving into premium bonds so i expect i shall be whining here regularly that i never win anything soon.
 
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