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Tuesday, November 06, 2018

Premium Bonds

It would seem that the rules have just changed. Last year the Gorse Fox phoned NS&I to ask about buying some Premium Bonds for Ellie and setting up a Standing Order. They assured him that this could NOT be done. Only her parents were allowed to do this.

This was a source of irritation so when a pamphlet dropped through the letterbox this morning saying that you can gift premium bonds to your children or grandchildren, the Gorse Fox leapt to his keyboard and got the process underway with an initial investment in Ellie's name. It will be January before the investment is included in the monthly draw, but at least he's got things started. Hopefully he can set up a Standing Order to make regular investments for her. We just need to wait until Urban-Cub gets all the details through from NS&I.

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