What does it take to win the Premium Bonds - and is it worth you trying?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 7 June 2024
⏱️ 64 minutes
🧾️ Download transcript
Summary
And if you haven’t maxed them out to the full £50,000, is it even worth bothering?
This is Money has run some in-depth analysis on all the £1million prizes over the past four years and this week revealed how much those lucky people held.
On this week’s podcast episode, Georgie Frost, Lee Boyce and Simon Lambert look at what it takes to win the Premium Bonds.
Simon gives us his tax manifesto to get us out of the mess Britain’s tax system is in.
Plus, one of our readers is in their mid-40s, would like to semi-retire to work on their own terms, travel and enjoy life in a decade, and wants to know if their £180,000 investments can grow enough to achieve that.
What does someone with those ambitions need to consider? The team take a look.
Should you consider buying a cheap electric car? Prospective buyers are worried about batteries but get over that and Simon says it could prove even cheaper to run than you think.
And finally, the new King Charles notes are out but what are the serial numbers to check your wallet for that could make them worth big money?
Transcript
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| 0:00.0 | Welcome to This is Money podcast sponsored by Charles Stanley Direct. |
| 0:05.9 | I'm Georgie Frost and joining me and Simon Lambert today is Lee Boyce. |
| 0:10.0 | And coming up, premium bonds. |
| 0:12.0 | How much do you really need to hold to win big? |
| 0:15.2 | Simon calls on all political parties to sort out the tax mess that we find ourselves in. |
| 0:22.5 | Drivers are increasingly concerned about second-hand EVs, but are they right? And finally, King Charles Banknotes are out. But what are |
| 0:28.8 | the serial numbers that you really want? Don't forget, we need up to date with all the latest |
| 0:33.5 | breaking money news just to go to this ismoney.com.uk or download the app. I'm Lisa Kaplan from |
| 0:39.5 | Charles Stanley Direct. I spent 15 years helping people understand their finances with clear |
| 0:45.6 | jargon-free language. People often ask me whether they have enough to retire, what to do about |
| 0:51.2 | inheritance tax or how best to invest. Often it's a simple question that one |
| 0:56.6 | of my expert team can answer straight away and we would love to help you too. Contact us for a free |
| 1:03.0 | 15 minute chat at coaching at charles dash stanley.co.uk investment involves risk. But first more than 22 million of us hold premium bonds in the hope of one day winning big. |
| 1:16.1 | But how much do you have to own to land a £1 million jackpot? |
| 1:21.6 | Well, contrary to common myth, you don't actually need to hold the maximum holding of £50,000. |
| 1:27.8 | Moneymail analysed some data and what, Lee Boyce, did they find? |
| 1:33.6 | I imagine having £50,000 though, is helpful. |
| 1:37.1 | No? |
| 1:38.3 | Just to point out here, this is actually this is money investigation. |
| 1:41.9 | Mate. |
| 1:42.7 | Analysis. |
| 1:43.6 | Then I think you need to go back into this article and have a word. |
... |
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