Premium Bonds
One type is a specific type of lottery bond sold by National Savings and Investments NSI located in the United Kingdom UK. You cant pass Premium Bonds on but the executor can cash them in to form a part of the deceaseds estate.
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. Following this Harold Macmillan announced the launch of Premium Bonds on Budget Day 17 April 1956 offering everyone an alternative way to save. Since the first Premium Bonds millionaire in 1994 over 400 new millionaires have been paid a visit. This started in May 2003 when the maximum investment limit was raised to 30000 per person.
Premium bonds are divided into two categories. A Bletchley Park code breaker invented the first ERNIE in 1956. Premium Bonds remain eligible to wins for 12-months after the holder has deceased.
Telephone sales were launched in July 2004 and in October 2004 NSI introduced a regular payments. NSI Premium Bonds are backed by Her Majestys Treasury the. The option to buy Premium Bonds online is another feature of NSIs long-term plan to develop Premium Bonds and to make it easier for customers to save and invest.
Since then there have been five generations of.
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