1 week agoLatest NewsComments Off on Кошмал поділилася новими фактами про чоловіка, якого приховує від публіки
0 Одна з найпопулярніших українських акторок сучасності Анна Кошмал, яка два місяці тому оголосила про другу вагітність, поділилася рідкісними фактами про свого таємничого чоловіка. 30-річна зірка серіалів «Свати», «Встигнути до 30», «Скажені сусіди» та «Будиночок на щастя» вийшла заміж у грудні 2017 року, проте досі приховує обличчя обранця. Нещодавно під час спілкування з шанувальниками в […]
1 week agoLatest NewsComments Off on Martin Lewis shares who should avoid premium bonds despite over 22million people in the UK investing in them
MARTIN Lewis has advised that some people should avoid premium bonds – despite 22million in the UK investing in them.
The famous money saving expert explained that the government-run savings accounts might not be the best option for those only able to invest a small amount.
Martin Lewis has warned his listeners to think twice about investing in premium bondsITV
Speaking on The Martin Lewis Podcast, Martin, 52, first explained why premium bonds are so popular – with the UK holding more than £100billion in them.
He noted that the capital you invest into bonds is safe, making them an attractive, low-risk option.
He also acknowledged that the lottery-style nature of premium bonds – whereby your bonds are entered into a monthly prize draw – can be attractive.
And, the fact that any winnings are tax-free can be seen as the ultimate clincher, he added.
However, Martin warned listeners that the chances of winning a prize are slim if you can only invest a small amount.
He said: “For those people only putting a small amount in and who don’t pay tax on savings – which is a lot of people – premium bonds are a bad bet.
“I mean, there will always be someone who beats the odds and has more than typical luck but they’re a bad bet.”
If you put £1000 into premium bonds, he explained, you have a 56.5 per cent probability of winning nothing, a 43 per cent change of winning at least £25, and a 35 per cent chance of winning at least £50.
Therefore, the most likely outcome is that you win nothing at all.
However, the chance of winning a prize increases the more money you invest, Martin explained.
He added: “The more you put in, the closer you will get to the prize fund rate.
“Once you start moving up to between £2,000 and £3,000 and your return is around 3.5 per cent, if you would otherwise be paying tax on your savings… then they start to become a decent bet with typical luck.
“So you will want to fill up your cash ISA already, at that point they become a decent bet, especially if you can max them up and you’re lucky enough to put £30,000 to £50,000 in, especially if you would be paying tax on your savings otherwise.
“With typical luck, they do become something worthwhile.”
Rounding off his argument, he added: “I accept the idea of psychology that people like dreaming big and winning £1million.
What are premium bonds?
PREMIUM Bonds are a type of savings account offered by the Government through National Savings and Investments (NS&I).
But instead of earning interest on anything saved your bonds are entered into a monthly prize draw.
The minimum amount bond you can buy is £25 with the maximum amount £50,000.
Each Premium Bond is worth £1 so a £25 bond gives you 25 entries into the monthly draw.
Any winnings you get from a Premium Bond, which are paid into your bank account, are tax-free meaning you keep the entire amount.
Because NS&I is owned by the government, your savings are totally safe and won’t get lost too.
You can buy Premium Bonds over the phone, online or by post as long as you’re over 16.
Parents, grandparents and legal guardians can buy Premium Bonds on behalf of children under 16.
“But I mean, you’ve probably got more of a chance of tossing a coin and it landing on its side.
“Premium bonds can work for people who have a lot of savings and are paying tax on them, they’re not so good for smaller savers.”
Manchester Evening News also reported that the overall number of prizes is set to decrease in December – expected to be worth £435,686,300 down from £461,330,525 this month.
It’s not the only advice Martin has dished out recently, with the expert also encouraging his followers to check whether they’ve paid too much to the Student Loans Company.
And, speaking on is ITV programme The Martin Lewis Money Show Live, the TV presenter also urged Brits to check what interest they currently get ahead of an expected fall in the UK base rate this week.
He said: “UK base rates are expected to be cut on Thursday, meaning interest available to savers will continue to decrease
“So savers, this is a crucial moment to act. Check now what rate you’re earning.
“If it’s less than 5%-ish, we need to sort it.”
How to find the best savings rates
WITH your current savings rates in mind, don't waste time looking at individual banking sites to compare rates - it'll take you an eternity.
Research price comparison websites such as MoneyFactsCompare.co.uk and MoneySupermarket.
These will help you save you time and show you the best rates available.
They also let you tailor your searches to an account type that suits you.
As a benchmark, you’ll want to consider any account that currently pays more interest than the current level of inflation – 2%.
It’s always wise to have some money stashed inside an easy-access savings account to ensure you have quick access to cash to deal with any emergencies like a boiler repair, for example.
If you’re saving for a long-term goal, then consider locking some of your savings inside a fixed bond, as these usually come with the highest savings rates.
1 week agoLatest NewsComments Off on Even Biden’s Homeland Security admits that violent migrant crime is exploding
Violent migrant crime is metastasizing, as the brutal Venezuelan prison gang Tren de Aragua has now expanded to at least 16 states and Washington, DC, per an internal Homeland Security memo.
1 week agoLatest NewsComments Off on Car plunges through roof of Guatemalan mall, killing worker and leaving trail of destruction
A car came crashing down inside a crowded shopping mall in Guatemala on Sunday, falling several floors and killing one worker, according to reports. The vehicle was going “at a very high speed” on one of the upper levels of the Miaflores shopping mall’s parking lot when it crashed through a barrier and fell right...
1 week agoLatest NewsComments Off on North Carolina vs. Boston College predictions, pick, odds, spread for CFB Week 13 2024
North Carolina continues its season in Week 13 when they take on Boston College. It is time to continue our college football odds series with a North Carolina-Boston College prediction and pick. North Carolina travels to Boston College for a crucial Week 13 matchup. The Tar Heels (6-4) are riding a three-game winning streak, highlighted […]
1 week agoLatest NewsComments Off on Bengals’ Zac Taylor responds to Ja’Marr Chase’s viral comments about him
The bye week might be coming a bit too late for the Cincinnati Bengals (4-7). Once considered the team best equipped to dethrone the Kansas City Chiefs, they are now long shots to make the playoffs. Joe Burrow and Ja’Marr Chase would each have strong claims to the MVP and Offensive Player of the Year […]
1 week agoLatest NewsComments Off on 4 reasons Bo Nix is Rookie of the Year frontrunner over Jayden Daniels
The 2024 NFL Draft was filled with top quarterback prospects expected to change the trajectory of the teams that selected them. After 11 weeks of NFL play, two of those quarterbacks have done just that in Washington Commanders’ Jayden Daniels and Denver Broncos’ Bo Nix. Both are strong contenders for the Offensive Rookie of the […]
1 week agoLatest NewsComments Off on Stephen Vogt gets impressive award in first year as MLB manager
The Cleveland Guardians’ Stephen Vogt has been an MLB manager for one year and he already has an American League Manager of the Year award to his name. Vogt won it on Tuesday, besting Matt Quatraro (Kansas City Royals) and A.J. Hinch (Detroit Tigers) for the title. He received 27 out of 30 first-place votes. […]
1 week agoLatest NewsComments Off on UConn vs. Syracuse predictions, pick, odds, spread for CFB Week 13 2024
UConn continues its season in Week 13 when they take on Syracuse. It is time to continue our college football odds series with a UConn-Syracuse prediction and pick. In Week 13, the UConn Huskies (7-3) face off against the Syracuse Orange (7-3) in a pivotal matchup. Syracuse enters the game as a strong favorite, boasting […]
0 Одна з найпопулярніших українських акторок сучасності Анна Кошмал, яка два місяці тому оголосила про другу вагітність, поділилася рідкісними фактами про свого таємничого чоловіка. 30-річна зірка серіалів «Свати», «Встигнути до 30», «Скажені сусіди» та «Будиночок на щастя» вийшла заміж у грудні 2017 року, проте досі приховує обличчя обранця. Нещодавно під час спілкування з шанувальниками в […]
