Maximum investment in Premium Bonds increases to £50,00001 June 2015
This increase follows promptly after the end of the availability of Pensioner Bonds.
Having regularly recommended National Savings Premium Bonds in the right circumstances, there are no tax free 'winnings' in the first calendar month. Thereafter, you are entered into the monthly draw and may see winnings thereafter. The current minimum win is £25.00.
Currently, the average winning level for a maximum holding is approximately 1.35% pa. This return is not guaranteed and winnings are tax free. This level of return is competitive for both a basic and higher rate tax payer. Because Premium Bonds are offered by National Savings & Investments (NS&I) investment into these bonds is secure.
The largest winning is £1 million per month. Access to your bond is prompt and usually takes about 1 week / 10 days to get your investment capital back.
More details can be found here: http://www.nsandi.com/premium-bonds
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No individual advice is provided in the text of this blog.Chapters Financial can help you with your investment planning. Please contact us at our Guildford or Woking offices.
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