Oct 2, 2023 · Two lucky Premium Bonds holders have scooped the life-changing £1m jackpot in October’s draw. The first bond number from October’s draw was 284MT463803 and is held by a winner based in Greater Manchester. The winner has the maximum holding of £50,000 and bought the lucky bond in October 2016. Jul 8, 2013 · Before considering Premium Bonds, experts recommend that savers use their cash Isa allowance, which allows you to squirrel away up to £5,760 in this financial year tax-free. Bonds that Pay Regular Interest. A bond is a debt instrument that pays interest at a set rate at regular intervals such as monthly, semi-annually or annually. The stated interest rate, at the time of issue of the bond, is usually close to the current interest rate in the market. The principal amount of the bond, when issued, is known as the Jun 1, 2023 · The second Premium Bond millionaire is based in South Gloucestershire and holds Bond number 429WV622861. The winner has £50,000 in Premium Bonds and purchased their winning bond in December 2020. Nov 19, 2017 · The prize winnings are apparently taxable in Spain (more accurately, probably were taxable in Spain for the years in which you won them, and unravelling that if you have to might be quite a pain!). The £30k original investment is not income but instead effectively 'return of capital', and so not taxable. Aug 8, 2023 · Premium Bonds offer the chance of winning tax-free money through monthly prize draws instead of regular interest. It is the UK's most popular savings product, with about 22 million investors. Dec 15, 2021 · Instead, those who invest are entered into a monthly prize draw where they can win between £25 and £1million tax free. There are usually two new millionaires each month. Premium Bond draws are What are Premium Bonds. Premium Bonds are an investment product issued by National Savings and Investment (NS&I). Unlike other investments, where you earn interest or a regular dividend income, you are entered into a monthly prize draw where you can win between £25 and £1 million tax free. Back to top. Oct 5, 2023 · Premium Bonds uses a system called ERNIE and has been going since 1957. Your money is always safe in a bond, as it is backed by the UK Government’s treasury. NS&I Premium Bonds October draw: Winning numbers in Leeds. Here are all the numbers who won £10,000 or more in the October draw: 426LW334241 - £100,000. 451SB415524 - £50,000 Sep 2, 2022 · Since June 2022, Premium Bonds are operating at an interest rate of 1.4 per cent (although the format means this is not a guaranteed return), with each bond having a 24,500 to 1 chance of winning 8ydmczg.