How's your luck with Premium Bonds?

motorbiking said:
well it is if you buy a car with it
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No, it was a place to park it until the bill came in. I took a wedge out of a pension scheme in late March and paid at the end of May.

Mottie will be pleased to know I paid 20% tax on most of it.
 
JohnD said:
I thought you used to brag you had £50k in them?

In two years of 8% inflation, you would have lost £8k of value.

Not what I call "fun"
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Like I said, fun money. You claimed to have reduced your holdings and after taking some out to buy a car, you still claim to have £16k left in them so how much did you have and how much did you 'lose'?

In any case:

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PB's are for fun. The chance of winning something every month. Its not about interest vs prize money! If it was, then dont buy them!
 
Mottie said:
18 months later while we went through the highest rates of inflation we'd seen for years? Was it the long term car park you parked it in?
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March to May is not 18 months.
 
Mottie said:
You said you were getting out in Jan '22. Your first spoiler post#4 in this thread so 17 months if you insist on splitting hairs.
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I paid for the car in May 22 for delivery 1st June. I placed my order around Christmas. I had already been reducing my Bonds balance whenever I had something to spend it on. I usually reduce my cash holdings at the beginning of each tax year. But annoyingly, they keep building up again. I drew money out of a pension, as I mentioned, in March 22, before the end of the tax year, and parked some in Premium Bonds until the car bill was due.

I have not bought another car this year.
 
JohnD said:
I paid for the car in May 22 for delivery 1st June. I placed my order around Christmas. I had already been reducing my Bonds balance whenever I had something to spend it on. I usually reduce my cash holdings at the beginning of each tax year. But annoyingly, they keep building up again. I drew money out of a pension, as I mentioned, in March 22, before the end of the tax year, and parked some in Premium Bonds until the car bill was due.

I have not bought another car this year.
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Were you doing the Hokey Cokey at the time?
 
Well, I doubled what I won in November. Just call me Double-0 Mottie.

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