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premium bonds

3 replies

SNOWBall4girlz · 02/10/2010 00:17

hi there
a quick question
the grandparents want to give the children some money a large lunp sum each £5000 each. Are premium bonds classed as the parents money / savings if in the childrens names?
do the parents buy them ? do the grandparents buy them ?

thankyou in advance

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cat64 · 02/10/2010 00:36

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nymphadora · 02/10/2010 06:46

If you get housing/CT benefit you may be asked about the childrens premium bonds.

I used to be borderline for CT benefit and they wanted copies of all of my childrens PBs.

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Trying2bgd · 07/10/2010 22:50

Am pretty sure it counts as your children's money as your parents are giving it to them and the winnings are tax free! Winnings will be in their name too.

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