Premium bonds - weird coincidence

[SpokeyDokey]

Quite annoyingly the Personal Allowance seems to have been frozen for the last couple of years. It always used to go up slightly each tax year but not of late. Another "stealth tax"

To be fair it did increase very rapidly from 2011/12 to the current rate.

 

[Jenkins]

Bugger all this month.

 

[Mike_P]

Bugger all this month.

Same and the app had the cheek to suggest I bought some more; did that a while back and have had less return since

 

[SpokeyDokey]

Same and the app had the cheek to suggest I bought some more; did that a while back and have had less return since

Cashed all ours in a while back.

 

[mistyoptic]

£25 for me, £50 for Mrs Optic

 

[MontyVeda]

Nowt again for me but still got a little over 2% return since i started saving with PBs so don't feel a need to complain.

 

[Paulus]

£150 for me, £100 for our son, £75 for our daughter and £25 for MrsP.
Not a bad start to the month.

 

[Jenkins]

Cashed all ours in a while back.

Tempted to do that with 1 year bonds now paying 4.1% interest and possibly going higher.

 

[PK99]

It might be interesting to know what the typical return from this non-random sample of bondholders is:

Don't need to know holding of winnings, just % return

eg
£5000 bonds
£750 winnings in past 5 years

return =
(750 / 5000) * 100 = 15% total

15 / 5 = 3%per annum

 

[Houthakker]

Nothing for 12 months then £25 in Sep and £25 again Oct. Building up to a big one I feel.....

 

[mistyoptic]

It might be interesting to know what the typical return from this non-random sample of bondholders is:

Don't need to know holding of winnings, just % return

eg
£5000 bonds
£750 winnings in past 5 years

return =
(750 / 5000) * 100 = 15% total

15 / 5 = 3%per annum

1.3% if I've done the sums right

 

[vickster]

It might be interesting to know what the typical return from this non-random sample of bondholders is:

Don't need to know holding of winnings, just % return

eg
£5000 bonds
£750 winnings in past 5 years

return =
(750 / 5000) * 100 = 15% total

15 / 5 = 3%per annum

Not a scooby on total returns but I have the full holding and do get something most months

 

[Chislenko]

Not a scooby on total returns but I have the full holding and do get something most months

Ditto for me vickster. Mrs C. the same.

 

[SpokeyDokey]

Ditto for me vickster. Mrs C. the same.

You'll need to win £4000 pa to equal current best savings rates.

And that is going to go higher for a while yet.

 

[Chislenko]

You'll need to win £4000 pa to equal current best savings rates.

And that is going to go higher for a while yet.

Yes and no Spokey, £4000 a year at 20% would attract £800 pound worth of income tax so the real figure is £3200. Even if you allow the first £1000 free of tax (on the proviso you haven't already used that with other bonds / savings) the tax bill would still be £600 so £3400.

Edit. Obviously I am assuming in this post that most people earn above the tax threshold.