ChatterBank1 min ago
Premium Bonds as part of estate
My mother's estate contains �26 of Premium Bonds. According to NSI if to wish "you can continue the holding
in the deceased's name. Bonds will remain
in each prize draw for up to 12 months
after the date of the customer's death.......At the end of 12 months, the value of
the Bonds will be paid out to the person
who is entitled to the money".
If the bonds win a prize in this period, would it be considered for inheritance tax? In this case it would have to be the million pound prize.
in the deceased's name. Bonds will remain
in each prize draw for up to 12 months
after the date of the customer's death.......At the end of 12 months, the value of
the Bonds will be paid out to the person
who is entitled to the money".
If the bonds win a prize in this period, would it be considered for inheritance tax? In this case it would have to be the million pound prize.
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