Budget 2014 Premium Bonds and Pensioner Bonds
Published / Last Updated on 24/03/2014
Budget 2014 – Premium Bonds and Pensioner Bonds
The government will support savers through NS&I, including by:
Premium Bonds
Increasing the Premium Bond investment limit from £30,000 to £40,000 and offering two £1 million monthly prizes instead of one from 1 August 2014, and then further increasing the limit to £50,000 in 2015-16
Pensioner Bonds
Launching in January 2015 a range of fixed-rate, market-leading savings bonds for people aged 65 and over, taxable in line with all other savings income. Interest rates and individual investment limits will be confirmed at Autumn Statement 2014 to take account of prevailing market conditions but the central assumption made at Budget 2014 is that NS&I will launch a 1-year bond paying 2.8% gross/AER and a 3-year bond paying 4.0% gross/AER, with an investment limit of £10,000 per bond.
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