what are the advantages/disadvantages to them,we have about 20k we would like gordon brown to leave alone,tia
- posted
20 years ago
premium bonds
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- posted
20 years ago
Advantages are that you could win lots of money,you also get your "stake" back,though its value will be eroded by inflation. Disadavantages,your capital gets eroded my inflation,you might not win a bean!!
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- posted
20 years ago
The advantage is that the winnings are tax free, which means that top rate tax payers benefit more.
The disadvantage is that the interest returned is randomly variable: anywhere from 0% to some large number that I can't be bothered to work out).
tim
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