Premium Bond go paperless

Reply #3

myturn — Fri, 08 Jul 2011 04:11:04 GMT

Premium Bonds - Prizes

The table below shows the value of the individual prizes together with the number of prizes of each value for the June 2011 draw, as an example. We ll update this estimate every three months or whenever we change the prize fund interest rate, prize values, odds or prize distribution.

Prize draw in June 2011 (estimated)

Prize band Prize value Number of prizes

Higher value (6% of prize fund)

1 million 1

100,000 4

50,000 10

25,000 17

10... [ More ]

Reply #2

myturn — Fri, 08 Jul 2011 04:02:25 GMT

Premium Bonds - All Prizes are Tax-free

Tax-free means that prizes are exempt from UK Income Tax and Capital Gains Tax.

Reply #1

sully16 — Wed, 06 Jul 2011 14:15:29 GMT

interesting.

Premium Bond go paperless

myturn — Wed, 06 Jul 2011 01:08:55 GMT

Premium Bonds are lottery bonds issued by the United Kingdom government's National Savings and Investments scheme. The government promises to buy back the bond, on request, for its original price. They were introduced by Harold Macmillan in his 1956 budget. The first winner was Ronnie Butters, a railway shunter working at Halifax; he was later to advertise Premium Bonds on television.

The government pays interest on the bond. But instead of the interest being paid into individual account... [ More ]