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

[~Mike~]

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.

 

[bazzabear]

You could earn 2.3k by banging that 50k in a fixed for a year.

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.

 

[darkgen]

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.

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.

 

[Mercenary Keyboard Warrior]

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.

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.

 

[throwaway4372]

Er. 4.8/100*50000? No?

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

Did you get a D- in your Maths GCSE?

no but maybe you did

 

[bazzabear]

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.

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.

 

[Feek]

The only irritation is that she almost invariably outwins me despite our identical holdings.

You should take it all out and put it back in again so you get newer numbers, that'll learn her

 

[Personality+]

I keep seeing this thread pop up, my parents had a premium bond in my name.

But I've registered as a new account holder. Will this be an issue?

 

[AndrewNR]

£150 on £40k

 

[tang0]

£0

 

[FluffySheep]

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

 

[~Mike~]

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

Nice try but you didn't mention those factors, so it was correct.

 

[rodders]

£150 on £43k.
Will be £45k for the next draw....the million is mine!

 

[bazzabear]

You should take it all out and put it back in again so you get newer numbers, that'll learn her

Good idea. What could go Wong?

 

[lunar]

£725 on £50k invested

 

[Mr Badger]

Good idea. What could go Wong?

What you see there I did it.

 

[Bald-Eagle22]

£125 of 17k invested - I took loads out last month as well

 

[dimension99]

0 on 100k this month

 

[Feek]

0 on 100k this month

How can you have £100,000 invested when the maximum is £50,000?

 

[Raymond Lin]

How can you have £100,000 invested when the maximum is £50,000?

His wife or using his children as a proxy I guess?