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

Well nothing for myself this month again, so taking more money out my PB to put elsewhere.

Other household accounts got £75 (3x£25) each.
 
darkgen said:
You could earn 2.3k by banging that 50k in a fixed for a year.
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But you'd pay tax on it.

My wife and my combined winnings on the premium bonds so far this calendar year average 3.9% tax-free.

The only irritation is that she almost invariably outwins me despite our identical holdings.
 
bazzabear said:
But you'd pay tax on it.

My wife and my combined winnings on the premium bonds so far this calendar year average 3.9% tax-free.

The only irritation is that she almost invariably outwins me despite our identical holdings.
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Well yes. I think 5k is the personal allowance per year or is it now 1k. I forget now with the recent changes but yes there could be tax liabilities based on your tax band.
 
darkgen said:
Well yes. I think 5k is the personal allowance per year or is it now 1k. I forget now with the recent changes but yes there could be tax liabilities based on your tax band.
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Its £1k and always has been on interest since introduced, as a basic rate taxpayer that is.
Its £500 as a higher and zero for the top band.

We got £125 this month, a £100 and a £25. Its on something like £32k from memory.
I should top it up but been S&S ISAing.
 
darkgen said:
Er. 4.8/100*50000? No?
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no because there's a personal savings allowance of £500 and interest above that is taxed at 40%.
assuming 40% taxpayer, because that's the main scenario where premium bonds make sense.
you can pretty much assume the allowance is used up already and just multiply by .6

~Mike~ said:
Did you get a D- in your Maths GCSE? :p
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no but maybe you did :p
 
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darkgen said:
Well yes. I think 5k is the personal allowance per year or is it now 1k. I forget now with the recent changes but yes there could be tax liabilities based on your tax band.
Click to expand...

I would think people who can afford to stick £50k in premium bonds likely have a limit of £500 per year or zero. That'll be exceeded very quickly at current interest rates.
 
Getting silly now. Had £10k in for 10 draws and I've won a single £25 and that was about August last year. Anyone got worse winnings?

FluffySheep
 
throwaway4372 said:
no because there's a personal savings allowance of £500 and interest above that is taxed at 40%.
assuming 40% taxpayer, because that's the main scenario where premium bonds make sense.
you can pretty much assume the allowance is used up already and just multiply by .6


no but maybe you did :p
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Nice try but you didn't mention those factors, so it was correct. :p
 
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