How's your luck with Premium Bonds?

[SPLINE]

Some people that may have for instance, saved cash they’ve not declared

It might not be the case where you live, but up in the occupied towns of the north where so many people are on benefits, there are people with hoards of cash that they don't know what to do with, having accumulated it from benefits and gone over the limit of how much savings they are allowed to have in the bank.

 

[Ihavenojob]

It might not be the case where you live, but up in the occupied towns of the north where so many people are on benefits, there are people with hoards of cash that they don't know what to do with, having accumulated it from benefits and gone over the limit of how much savings they are allowed to have in the bank.

In India they had high denomination notes which people were hoarding. The government decided that they would no longer be legal tender, so the people would have to cash them in. They could do the same here, any notes with Betty's boat on will no longer be legal tender.

 

[Mottie]

In India they had high denomination notes which people were hoarding.

Years ago, a bloke I knew worked on the LME and he would put deals through a certain dealer and get a kickback. It was only half a percent but it was half a percent of a large amount. To distance himself, he had a mate who lived in Spain near to our villa invoice the certain dealer and he got paid through his bank. He took his cut and every now and then my mate would come out to Spain to get his whack in cash. The mate in Spain used to pay him in €500 notes. He used the cash to pay the builder building his villa in Sardinia and he had his son (ex-para who worked on ships protecting them from Somalian pirates) registered as an Italian national so that he paid no U.K. tax and got the vat back on the villa build. Basically got the villa built out of his kickbacks and registered it in his son and daughter’s name so there’s no tax to pay on his death. Something like that. All I know was that it was a very complicated setup.

 

[motorbiking]

£125 for me

 

[JohnD]

The prize fund will probably inch up a bit soon. It follows interest rates.

"...the Bank of England looks set to raise interest rates for the first time in more than three years this week, in a renewed push to quell rapidly rising inflation. The central bank is expected to announce a quarter-point rise in its benchmark rate to 4 per cent on Thursday, according to four-fifths of economists polled by Reuters, with traders pricing more increases into next year.

“A hike appears a done deal and is fully priced in by financial markets,” said Alexander Harvey, UK economist at consultancy Oxford Economics."

FT.com

I still don't favour cash holdings long term, as they will be eroded by inflation,

Interest rate up to 4% today, and likely to go up to at least 4.25 in a matter of months. How much higher it may go is not agreed.

Premium Bonds prize fund usually follows interest changes.

 

[Mottie]

You feeling alright John? That looks like a positive post from you. Didn’t know you did them.

 

[Murdochcat]

Interest rate up to 4% today, and likely to go up to at least 4.25 in a matter of months. How much higher it may go is not agreed.

Premium Bonds prize fund usually follows interest changes.

The premium bond prize fund does follow interest rates up and down.

What is bizarre is the way the prize pot is changed removing the number of smaller prizes.

 

[SPLINE]

You feeling alright John? That looks like a positive post from you. Didn’t know you did them.

He has had some news that appeals to his greed and self-interest! This is about the only time he is honest; tomorrow he'll be back to blaming pensioners for young people being unable to afford houses.

 

[JohnD]

Looks like Spline the Racist is trying to find something to moan about.

 

[noseall]

You feeling alright John? That looks like a positive post from you. Didn’t know you did them.

^^^^^^^^^^
Rent free.

 

[pete01]

^^^^^^^^^^
Rent free.

^^^^^^

 

[Murdochcat]

Looks like Spline the Racist is trying to find something to moan about.

Says the man who spends his time moaning about anything

 

[SPLINE]

Looks like Spline the Racist is trying to find something to moan about.

Only somebody opposed to scientific truth would dream of calling me racist. Learn summat John.

 

[noseall]

calling me racist

Unashamedly racist.

There is little truth to any of the vile rubbish you post.

 

[Dunnomate]

"How's your luck with Premium Bonds?"​

Fifty quid, notified yesterday(06th), bit late for them, isn`t it. Most I`ve had this year in one month was a hundred & a twenty-five.