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Savings and Investments thread
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blackpool72 said:Out of interest I shall post on here my monthly premium bonds return for this year.
I have 22k of premium bonds and so far this year my returns are as follows.
January. Nil
February £50
March £150
April £200
At the end of the year I shall add up all my winnings and divide by 22k just to see what money I make as a %.
Personally I reckon my returns will be on a par with most other saving schemes out there.
Plus of course I might even win the big one 😁0 -
blackpool72 said:Out of interest I shall post on here my monthly premium bonds return for this year.
I have 22k of premium bonds and so far this year my returns are as follows.
January. Nil
February £50
March £150
April £200
At the end of the year I shall add up all my winnings and divide by 22k just to see what money I make as a %.
Personally I reckon my returns will be on a par with most other saving schemes out there.
Plus of course I might even win the big one 😁
It will be interesting to see how the year plays out. My wife if she continues her run is on for 6.6% return this calendar year.0 -
…and don’t forget the winnings are tax free.1
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Rob7Lee said:TBF I agree with a lot of what he says.
But as someone who maxes out their ISA and is a higher rate tax payer they still work for me, just. But a week ago I advised my eldest daughter to cash hers in, she doesn't have the maximum and is a 20% tax payer who doesn't max out her ISA it no longer makes any financial sense. She's cashed them in bar £100 just to keep her NS&I account open.
Have zero chance of getting my wife to cash hers in, she's addicted to them! My youngest has almost the maximum and seems to do pretty well on them all things considered.0 -
mendonca said:Rob7Lee said:TBF I agree with a lot of what he says.
But as someone who maxes out their ISA and is a higher rate tax payer they still work for me, just. But a week ago I advised my eldest daughter to cash hers in, she doesn't have the maximum and is a 20% tax payer who doesn't max out her ISA it no longer makes any financial sense. She's cashed them in bar £100 just to keep her NS&I account open.
Have zero chance of getting my wife to cash hers in, she's addicted to them! My youngest has almost the maximum and seems to do pretty well on them all things considered.1 -
shine166 said:mendonca said:Rob7Lee said:TBF I agree with a lot of what he says.
But as someone who maxes out their ISA and is a higher rate tax payer they still work for me, just. But a week ago I advised my eldest daughter to cash hers in, she doesn't have the maximum and is a 20% tax payer who doesn't max out her ISA it no longer makes any financial sense. She's cashed them in bar £100 just to keep her NS&I account open.
Have zero chance of getting my wife to cash hers in, she's addicted to them! My youngest has almost the maximum and seems to do pretty well on them all things considered.1 -
Rob7Lee said:
But as someone who maxes out their ISA and is a higher rate tax payer they still work for me, just. But a week ago I advised my eldest daughter to cash hers in, she doesn't have the maximum and is a 20% tax payer who doesn't max out her ISA it no longer makes any financial sense. She's cashed them in bar £100 just to keep her NS&I account open.1 -
Chances of winning £1million: 1:59 Billion
£100k 1; 1,877,995,285
£50k. 1: 639,317,516. With water meters about to be installed, I prefer 3.55% instant access, or 4.55% 1 year fixed.
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felthamaddict said:Chances of winning £1million: 1:59 Billion
£100k 1; 1,877,995,285
£50k. 1: 639,317,516. With water meters about to be installed, I prefer 3.55% instant access, or 4.55% 1 year fixed.
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I am not in that bracket. Last year, I received £750 from 50k. Now interest rates have shifted, allowing for 20% above the £1k limit, there is a dilemma. That amount will return £1775 at 3.55 minus tax = 1620, or £2275 @ 4.55% minus tax = £2020 (if my sums are right). 750 + hope or 1620/2020. Have the tax allowances changed?
My estimate is based on the first £1000 being tax free.0 - Sponsored links:
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I see PB's as a tax-free savings account, especially if you are a 40% taxpayer. Backed by the Government so no worries about losing it or trying to find another Bank to hoard your cash up to the £85k compo limit. Instant access (within reason) & chance of getting a bigger return than the usual interest rate. Mines there as I sold a property last October & knew I would be buying one later this year. Used up my ISA Allowance so best place for £50k that I needed again within 12 months.5
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golfaddick said:I see PB's as a tax-free savings account, especially if you are a 40% taxpayer. Backed by the Government so no worries about losing it or trying to find another Bank to hoard your cash up to the £85k compo limit. Instant access (within reason) & chance of getting a bigger return than the usual interest rate. Mines there as I sold a property last October & knew I would be buying one later this year. Used up my ISA Allowance so best place for £50k that I needed again within 12 months.0
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TelMc32 said:golfaddick said:I see PB's as a tax-free savings account, especially if you are a 40% taxpayer. Backed by the Government so no worries about losing it or trying to find another Bank to hoard your cash up to the £85k compo limit. Instant access (within reason) & chance of getting a bigger return than the usual interest rate. Mines there as I sold a property last October & knew I would be buying one later this year. Used up my ISA Allowance so best place for £50k that I needed again within 12 months.
Woolworths, Debenhams etc. Can all go to the wall but a high street UK bank will always be safe.0 -
golfaddick said:TelMc32 said:golfaddick said:I see PB's as a tax-free savings account, especially if you are a 40% taxpayer. Backed by the Government so no worries about losing it or trying to find another Bank to hoard your cash up to the £85k compo limit. Instant access (within reason) & chance of getting a bigger return than the usual interest rate. Mines there as I sold a property last October & knew I would be buying one later this year. Used up my ISA Allowance so best place for £50k that I needed again within 12 months.
Woolworths, Debenhams etc. Can all go to the wall but a high street UK bank will always be safe.
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1 @ £100 for me & 1 @ £25 for herself from PBs this month.0
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I've only got a thousand of the things and I appreciate this is why I never win.
A hundred quid this month though, chuffed!5 -
Both my wife and I won 1x £100, 1x £50 and 1x £25 so £175 each, youngest £25, father in law to follow.0
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£75 this month just as I was thinking they had lost my numbers2
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5 month in a row of sweet FA0
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I feel for the person in Kent who has a holding of £2 bought in 1957, just won £5k......... Few people with £100 holding won £50k. Never give up!0
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Rob7Lee said:I feel for the person in Kent who has a holding of £2 bought in 1957, just won £5k......... Few people with £100 holding won £50k. Never give up!1
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£150 today (1 x £100 & 1 x £50).Just checked back and that’s £1,050 over the last 7 draws, including today.0
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After 3 consecutive monthly wins.
Nil this month0 -
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Nothing for me. 2nd time in 4 months. Bugger.0
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£25 each for me and the wife, £50 for my Mum.0
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A 1x£100 for me, £50 and 3x£25 for jnr and zilch for Mrs Chaz.0
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£1250