The Net Worth tracker is NOW AVAILABLE on the investment tracker spreadsheet which you can get at the link here : www.exceldividends.com/free-download/ or at the link in the description. You will have to sign up for the newsletter but it is completely FREE.
Afaict, due to the tax treatment, it makes some sense for people who have a) maxed out ISAs b) are higher or additional rate tax payers c) can’t be bothered to deal with finding low coupon gilts that match their maturity schedule d) Have 50k of cash
Yes absolutely agree with this point, it's the tax free element and 'luck of the draw' that comes from holding the max £50k, that makes it worth holding. If I had less than £35k and my ISA was maxed, I would rather put it into a SIPP.
I have the max amount invested in Premium Bonds and can confirm that luck does play a large part in the returns. I have had a couple of months were I haven’t won anything and quite a few with £300+ wins but I haven’t broken the £500 barrier yet.As a higher rate tax payer who has maxed out his isa allowance I keep them for the tax savings and the excitement of checking them each month to see if I’ve managed to get a big win. My regret is that I have never opened a stocks and shares isa. This is purely out of ignorance in the way that they work but I will be changing that in April as I have recently been playing with etfs in a T212 invest account and ready to make a start in the new tax year.
The Net Worth tracker is NOW AVAILABLE on the investment tracker spreadsheet which you can get at the link here : www.exceldividends.com/free-download/ or at the link in the description. You will have to sign up for the newsletter but it is completely FREE.
I don't have the max amount and just won £625 for January. Happy with that.
Fair play to you! How much do you hold, seems like it would be a lot.
Came across your TH-cam page recently you the 🐐! got to respect what you do keep going man!
Thanks
Afaict, due to the tax treatment, it makes some sense for people who have
a) maxed out ISAs b) are higher or additional rate tax payers c) can’t be bothered to deal with finding low coupon gilts that match their maturity schedule
d) Have 50k of cash
So usually for people with excess cash. Good points. Thank you
Yes absolutely agree with this point, it's the tax free element and 'luck of the draw' that comes from holding the max £50k, that makes it worth holding. If I had less than £35k and my ISA was maxed, I would rather put it into a SIPP.
I have the max amount invested in Premium Bonds and can confirm that luck does play a large part in the returns. I have had a couple of months were I haven’t won anything and quite a few with £300+ wins but I haven’t broken the £500 barrier yet.As a higher rate tax payer who has maxed out his isa allowance I keep them for the tax savings and the excitement of checking them each month to see if I’ve managed to get a big win. My regret is that I have never opened a stocks and shares isa. This is purely out of ignorance in the way that they work but I will be changing that in April as I have recently been playing with etfs in a T212 invest account and ready to make a start in the new tax year.
@ do it both years to get the full allowance. There is literally zero advantage to waiting.
What about in 2024?
The video stands true for 2024 too
But i could become a millionaire
Very true, but you could also waste years with little return on your money.