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Introducing the LemonFools Personal Finance Calculators

Premium Bonds

Jabd2001
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Re: Premium Bonds

#177857

Postby Jabd2001 » November 2nd, 2018, 5:00 pm

Lucky you! Biggest prize I’ve had is £500...

PinkDalek
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Re: Premium Bonds

#177868

Postby PinkDalek » November 2nd, 2018, 5:47 pm

This is always an entertaining thread. After 3 months of £25 only and nothing in July, at last another 5 x £25 on a full holding, to match May and June.

Total tax year (yes, I know) to date £450, as against £225 at this stage last year. The remaining 4 months will most likely be wipe-outs.

I won £100 in 1958, on a then holding of £68, and if that £100 had been invested in the correct equities ...

Redmires
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Re: Premium Bonds

#179009

Postby Redmires » November 8th, 2018, 3:47 pm

As mentioned, my wife won £10k this month. What I didn't know is there's a bit of paperwork to complete for "big" prizes. Yesterday a letter came through the post from NS&I asking my wife to confirm her details (ok), asking whether she wants to take the prize or reinvest (ok - but the latter isn't an option as she holds the max) and then return the winning bond to them (which is impossible as it's a paperless account). Not sure if these are delaying tactics or just a bit of disjointed red tape (see other NS&I thread). God knows what hoops you have to jump through for the £1m prize - maybe we'll find out next month ;)

XFool
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Re: Premium Bonds

#179015

Postby XFool » November 8th, 2018, 4:01 pm

Redmires wrote:What I didn't know is there's a bit of paperwork to complete for "big" prizes. Yesterday a letter came through the post from NS&I asking my wife to confirm her details (ok), asking whether she wants to take the prize or reinvest (ok - but the latter isn't an option as she holds the max) and then return the winning bond to them (which is impossible as it's a paperless account). Not sure if these are delaying tactics or just a bit of disjointed red tape (see other NS&I thread).

Perhaps the winning bond was an old one (I still have some) which was originally issue as a paper bond?

Though personally, when it comes to 'explanations, I always favour cock-up over conspiracy.

Bouleversee
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Re: Premium Bonds

#179054

Postby Bouleversee » November 8th, 2018, 6:25 pm

Are you sure it's not a scam? Why would they want you to return the winning bond, which will be included in a run of numbers presumably?

Redmires
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Re: Premium Bonds

#179074

Postby Redmires » November 8th, 2018, 10:33 pm

No - not a scam. I read up on the NS&I website and this is how they deal with larger prizes apparently. There was nothing on the form of a confidential nature, just a tick box to pay the prize money in the same method as usual (via bank account transfer) - or reinvest, if applicable.

If you win a prize of £5,000 or more we will not pay the prize to you automatically. We will check with you first by sending a claim form to you in the post for you to complete and confirm how you would like to be paid.

https://www.nsandi.com/how-will-i-know-ive-won

Dod101
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Re: Premium Bonds

#179076

Postby Dod101 » November 8th, 2018, 10:45 pm

According to my records I hold the grand sum of £2000 in Premium Bonds and for a while I would get £25 from time to time. I have no idea where the paper bonds are if I have them. Does anyone know what I should do? I guess contact NS & I and get them to confirm my holding and what to do if I cannot find the certs.

Redmires. Lucky wife! It may be that you are allowed to hold more than the maximum if you are reinvesting the winnings, a bit like dividends in an ISA but I would take the money and run. Even today £10,000 is quite a lot of money.

Dod

XFool
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Re: Premium Bonds

#179081

Postby XFool » November 8th, 2018, 11:04 pm

Dod101 wrote:According to my records I hold the grand sum of £2000 in Premium Bonds and for a while I would get £25 from time to time. I have no idea where the paper bonds are if I have them. Does anyone know what I should do? I guess contact NS & I and get them to confirm my holding and what to do if I cannot find the certs.

If you have an online NS&I account they will/should all be listed online.

Dod101 wrote:Redmires. Lucky wife! It may be that you are allowed to hold more than the maximum if you are reinvesting the winnings, a bit like dividends in an ISA but I would take the money and run.

Nope. The maximum is the maximum.

Redmires
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Re: Premium Bonds

#184710

Postby Redmires » December 4th, 2018, 2:36 pm

December numbers are out, and it's very much a case of lightning not striking twice as we won exactly £0 between us this month.

Bouleversee
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Re: Premium Bonds

#184715

Postby Bouleversee » December 4th, 2018, 2:52 pm

£50 for me this month. Better than nothing but when am I going to get a real win? The £50 has already been spent on paying someone to help me gather up several bags of leaves this morning. I reckon I am due a reward myself.

PinkDalek
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Re: Premium Bonds

#184787

Postby PinkDalek » December 4th, 2018, 10:45 pm

Bouleversee wrote:£50 for me this month.

You are, in effect, continuing to catch me up, in percentage of "winnings"/capital sum terms.

Congratulations!
You've won £50 in December 2018's draw


Better than nothing but when am I going to get a real win?

Safer to assume you won't (until you do).

The £50 has already been spent on paying someone to help me gather up several bags of leaves this morning. I reckon I am due a reward myself.

If only you knew a group of Foolish friends who might have offered to have helped, in return for a glass of sherry (or two). ;)

Bouleversee
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Re: Premium Bonds

#190775

Postby Bouleversee » January 3rd, 2019, 12:17 pm

Zilch again this month. So that's a total of £400 in this tax year on a full holding. Perhaps I should move to Essex.

EssDeeAitch
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Re: Premium Bonds

#190778

Postby EssDeeAitch » January 3rd, 2019, 12:29 pm

Bouleversee wrote:Zilch again this month. So that's a total of £400 in this tax year on a full holding. Perhaps I should move to Essex.


Me too, nothing on a full holding but my son has won £125 on £10k and he has won a lot more than I have over the last year. On the plus side, if my "investing" had protected my capital over the last six months in the way PB's have, I would be very happy indeed.

But in any event, PB's are not an investment, they are, IMHO a safe haven for shorter term cash - with a minuscule chance of winning something significant (we live in hope).

ReformedCharacter
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Re: Premium Bonds

#190786

Postby ReformedCharacter » January 3rd, 2019, 12:55 pm

Pleasantly surprised to get £125 this month (full holding).

RC

PinkDalek
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Re: Premium Bonds

#190798

Postby PinkDalek » January 3rd, 2019, 1:35 pm

Bouleversee wrote:Zilch again this month. So that's a total of £400 in this tax year on a full holding. Perhaps I should move to Essex.


Happy New Year!

I don't know if the gardeners are cheaper there but I have "won" £25 for mine this month (me). That puts me at £525 for the current tax year to date. You still have time to catch up.

Bouleversee
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Re: Premium Bonds

#190806

Postby Bouleversee » January 3rd, 2019, 1:59 pm

What's the betting I don't, though?

XFool
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Re: Premium Bonds

#190812

Postby XFool » January 3rd, 2019, 2:23 pm

For the full year 2018 I had a return of exactly 1.5%

PinkDalek
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Re: Premium Bonds

#190816

Postby PinkDalek » January 3rd, 2019, 2:29 pm

XFool wrote:For the full year 2018 I had a return of exactly 1.5%


Excluding the £million you mentioned a while back.

XFool
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Re: Premium Bonds

#190819

Postby XFool » January 3rd, 2019, 2:40 pm

PinkDalek wrote:
XFool wrote:For the full year 2018 I had a return of exactly 1.5%

Excluding the £million you mentioned a while back.

I don't count the big wins. ;)

swill453
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Re: Premium Bonds

#190824

Postby swill453 » January 3rd, 2019, 3:05 pm

XFool wrote:For the full year 2018 I had a return of exactly 1.5%

For my wife and me, with the full holding each for the last 6 months and a bit less for the first 6 months, it was an average return of just under 1.3%.

Scott.


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