It’s Premium Bonds draw day.

Nowt here either.  Mrs got £50.

Last one for me as I need the cash for something else. £200 on a full account. Reasonable

£425 for me, and £200 for Mrs Lawman. Think that’s our best combined month ever.
(And I have now partially retired, although not on the basis of PB winnings)

£200 here, had a 9% return over the past six months which means no wins for the next six to even things out

Big fat zero again for me.

In fact I’ve got a £5 bond from 1957 (must have been my mum’s) that has never won any prize. There must be loads of people in that situation, small holdings and no prizes. 

£150 on building towards a full pot- just ticks away until I need the money for a car or new bike.

£150 for me on almost full pot too. Same as my wife gets from having her money in Post Office savings account but difference is she also got that in November and December when I got £25 but then she can’t become a millionaire 🙂

Good thread topic..
Reminded me to check…
I got £100 today
Mrs TLR £5300 today

We’re both maxed out in Bonds….
Looking back we win every month…..
🤷🏻

£5300, that is a nice win.

SFA

£550 after a couple months of nothing. Can’t complain.

£100 this month, makes up for last month’s non-appearance. 

2 x £100 on a maxed out account.  Was hoping for more due to  imminent forced retirement but will wait to see what comes up next month.

25 quid

There’s some decent wins there!

Nothing for me in the last few months. £100 was my best month.

£150 here. I’ll have to keep showing up at work, pretending to be busy.

£225, my best ever.

I’m surprised how many folks on here have the full amount!

 @andrewh, dont be suprised this is STW, probly spare cash aswell after pensions and isa’s have been maxed out.

Congratulations to all.

Noted a few names for other threads😂

2 x £100 not to be sniffed at.

£25 again. I thought I was doing alright until I saw all the winnings you lot get! Mind you, I’m nowhere near the max allowance. And at a rate of £25 every two or three months I never will be!

Can’t decide whether to put the max in (all tax free options are exhausted).

#firstworldproblem

Can’t decide whether to put the max in

Easy;  if you got the average 1.5% (or whatever it is now) of the max per annum, how does that compare with what you’d receive from your chosen savings account, and would you pay tax on that?  e.g.

a) PB’s payout £750 or even more, it’s all yours to keep tax free

b) Savings account pays out £499* interest (total interest across all accounts), yours to keep tax free

1. *If your a higher rate tax payer, any savings related income over £500 attracts tax
2. *If your a lower rate tax payer, any savings related income over £1000 attracts tax

Do maths, which gives you the best generated income all things considered?

Joining the party.  I won’t be eligible for the draw until March though by the look of it.

I won’t be eligible for the draw until March though by the look of it.

Unfortunately so, I generally hold onto the last day of the month before buying anymore because of this delay. 

£300 in a mixture of denominations! Time to get the car mot’d, turn the heating on, trip to Aldi or consider another car. Last option would reduce my pb holding significantly.

Me £350

Mrs Zip nothing

Mrs Zips mum £650

A great big £0 from a maximum pot. The same great big £0 that I got in November. Be better off in a savings account if I didn’t have to then pay tax on the savings!.

£100 here – the lowest month yet

£50 for me.

Be better off in a savings account if I didn’t have to then pay tax on the savings!.

How does the tax get paid? Is it just an automatic deduction by the bank and then given to HMRC? Or is there a lot of form filling involved?

My math might not be correct but assuming I only pay tax on interest earnings above £1000/yr a £500000 sum in an account at 4% would return £2000/yr, I would then pay tax on the £1000 @ 40% (£400) which leaves £1600. At current interest rates.

If there is no paperwork and it is all automatically deducted it seems ok. All the tax goes to good causes as well 🤔😉

Yay, £25. A contribution to today’s haircut:-)

A great big £0 from a maximum pot. The same great big £0 that I got in November. Be better off in a savings account if I didn’t have to then pay tax on the savings!.

With that strike rate it’d  be better off in savings even if you did pay tax on the savings.  100% of nothing is still nothing…

If there is no paperwork and it is all automatically deducted it seems ok. All the tax goes to good causes as well

It goes onto self assessment so there is paperwork and I am effectively paying 60% tax on any additional ‘earnings’ and have to add the amount owed to the amount that is already owed for that years as PAYE doesn’t handle it when you start to lose you personal allowance.

As for tax going to good causes that is for another thread but taxes don’t go to anything and good causes are not something the current government are interested in but that is enough about that otherwise a derail will occur!

My math might not be correct but assuming I only pay tax on interest earnings above £1000/yr a £500000 sum in an account at 4% would return £2000/yr, I would then pay tax on the £1000 @ 40% (£400) which leaves £1600. At current interest rates.

. Not correct. If you are 40% tax payer you only get £500 interest tax free.

A great big £0 from a maximum pot. The same great big £0 that I got in November. Be better off in a savings account if I didn’t have to then pay tax on the savings!.

Half of us will get more than the average winnings / rate of return and half less.  It should average out over time tho.

Personally off a maximum pot I am doing really well – £1600 in 8 months.

Yep and the gambler in me would still rather have almost as much as I would get in savings as I am never going to get that big win from a savings account. Plus the money is only transitory until it goes towards an extension later in the year.

Not correct. If you are 40% tax payer you only get £500 interest tax free.

I’m in a lower rate tax band so the £1000 limit applies to me. I just thought that anything earned above £1000 would be taxed at the higher rate of 40%. If I continue to pay a lower rate above £1k I might consider the paperwork 🤔. Further investigation needed I think.

£100 for Mrs JL….. nowt for me again……

Yay, £50 🙂

£125 Fairly happy with that, I’ve made above expectations the last few month