[Finance] Premium Bonds - prize pool increased again - you ever have any luck?

[birthofanorange]

Ok, bear with me in case I haven't got this quite right. We notified Premium Bonds of my father-in-law's death and were told that the numbers can be kept in his name for up to another year. My wife is currently sorting transfer of probate for various assets so this £10k win is being "held" by Premium Bonds until this is complete. Once done, this and the original amount can then be cashed in. So yes "take them on" I suppose is not strictly correct, but the letter notifying of the win was sent to my wife.

Gotcha - fully understand now.
It's a pain having to go through probate - it seems only Premium Bonds seem to require this (over a £5K holding, I believe).
Is probate a costly exercise? When my father died, he had approx £5.5K of bonds, and luckily they didn't require my mother to go to probate, so NS&I sent her a cheque for his holding.
As an aside, shite month for me - just £100 (max holding) after a blank month in September, yet £425 for my other half (max holding) , after an equally blank September.

 

[mejonaNO12 aka riskit]

Where's everyone getting all this WONGA to invest?

 

[Falmer Flutter ©]

Gotcha - fully understand now.
It's a pain having to go through probate - it seems only Premium Bonds seem to require this (over a £5K holding, I believe).
Is probate a costly exercise? When my father died, he had approx £5.5K of bonds, and luckily the didn't require my mother to go to probate, so NS&I sent her a cheque for his holding.
As an aside, shite month for me - just £100 (max holding) after a blank month in September, yet £425 for my other half (max holding) , after an equally blank September.

Some of the sums quoted were crazy so my wife and her brother have been doing it themselves. Needs a bit of patience and research and a lot of forms to fill in, but seems to be getting there.

 

[birthofanorange]

Some of the sums quoted were crazy so my wife and her brother have been doing it themselves. Needs a bit of patience and research and a lot of forms to fill in, but seems to be getting there.

It's an absurd scenario, imho. PB's should be considered in the same way as other monies/savings/property and go directly to the next of kin/according to the Will.
I hope they get it sorted without paying for basically....nothing in return.
I'd appreciate it if you could let me know how it goes, as this is something myself and partner need to consider.

 

[juliant]

Where's everyone getting all this WONGA to invest?

Inheritance.

 

[Denis]

3 prizes totalling £225 on 30k holding, been lucky this year, after years of nothing.

 

[birthofanorange]

Inheritance.

I wish! Ours is pure hard graft, no kids and no cars, for 20 years.

 

[juliant]

I wish! Ours is pure hard graft, no kids and no cars, for 20 years.

On the flip side i wish my father in law was still alive.....

 

[birthofanorange]

On the flip side i wish my father in law was still alive.....

I thought you were speaking generally, rather than your personal circumstances. Apologies if it sounded crass - it wasn't intended.

 

[Coldeanseagull]

Where's everyone getting all this WONGA to invest?

Normally through working hard your whole life....or the death of a loved one, sadly

 

[mejonaNO12 aka riskit]

Normally through working hard your whole life.

Nah. Can't do that.

Or the death of a loved one

Yeah I'll wait for that one.

 

[Rowdey]

whoop.. £100 for October.. that's £1000 since August.. best run ever.. (On £35k)

 

[smiler]

£450 between us this month

 

[dazzer6666]

Where's everyone getting all this WONGA to invest?

Tax-free cash taken from pension fund

 

[Shropshire Seagull]

Been (silver) surfing today.

Found this on the Saga site - maybe old news, maybe useful to others ....

 

[Peteinblack]

November

Me, £375
Mrs Peteinblack, £350

 

[Mr Bridger]

Biggest win to date, well chuffed!
£100
£100
£100
£1000

 

[wigman]

£200 this month for me.

 

[Beach Hut]

£375 between us

 

[Nobby]

£50 between us