Premium Bonds, Alan Sugar and government debt

[wendigo100]

Anyone seen that advert for premium bonds, where Alan Sugar says he is giving his fee for the advert to charity because he believes in the product?

It is boll*x.

Alan Sugar is a Labour luvvy. Labour need to borrow more money as always, and borrowing it from us via premium bonds is cheaper than borrowing from anywhere else, because premium bonds have a crap rate of return. Hence the campaign.

He must think we are stupid.

[DimPrawn]

He doesn't think we are stupid. He knows we are stupid and he has proof. Three terms of New Lie prove it beyond all doubt.

[Clownio]

Anyone seen that advert for premium bonds, where Alan Sugar says he is giving his fee for the advert to charity because he believes in the product?

It is boll*x.

Alan Sugar is a Labour luvvy. Labour need to borrow more money as always, and borrowing it from us via premium bonds is cheaper than borrowing from anywhere else, because premium bonds have a crap rate of return. Hence the campaign.

He must think we are stupid.

DOH ! - Anyone want some premium bonds , they're going cheap.

[n5gooner]

DOH ! - Anyone want some premium bonds , they're going cheap.

yup I'll have them,,,,,the rate of return is about 6%

[MikeB]

6%??

nobody I know gets 6% over a reasonable period of time. Some have made good money initially but as things level out 2.5-3% seems to be more normal.

[Xena]

I've had £500 worth for 35 years. My rate of return has been 0%.

[Hiram King Of Tyre]

Isn't that 6% net?

[NoddY]

Isn't that 6% net?

Wins from Premium Bonds are untaxed. They are often favoured by the rich as a safe place to bury the money up to the maximum permitted. Returns (wins) are often at or above todays rate of interest over a long term - with the opportunity of winning 'the big one'. However they are only good in times of low inflation.

[Hiram King Of Tyre]

Wins from Premium Bonds are untaxed. They are often favoured by the rich as a safe place to bury the money up to the maximum permitted. Returns (wins) are often at or above todays rate of interest over a long term - with the opportunity of winning 'the big one'. However they are only good in times of low inflation.

I've often seen favourable comments about them on investment boards

[Bagpuss]

And presumably the winnings don't count as income for tax return purposes?