Can I buy premium bonds for someone else UK?

Anyone aged 16 or over can buy Premium Bonds. Parents, legal guardians and (great) grandparents can invest on behalf of their child or grandchild aged under 16. You can invest from £25 up to £50,000 in total. Premium Bonds don’t pay any interest.

Can I buy premium bonds if I don’t live in the UK?

If you live outside the UK, please check if local regulations let you hold Premium Bonds. Bonds can only be purchased online or by phone using a personal debit card issued by a UK bank or building society.

Can I gift premium bonds tax free?

Premium Bonds are a tax-free investment, meaning prizes are exempt from UK Income Tax and Capital Gains Tax.

Can I transfer premium bonds to a family member?

Premium Bonds are not an asset that can be passed on to a beneficiary in the same way that funds from bank accounts and savings accounts can; they cannot simply be inherited or transferred to someone else’s name.

Can you buy premium bonds as a gift for adults?

Buying Premium Bonds from NS&I couldn’t be simpler: you can do so online, by phone or by post – whether you live in the UK or abroad, or even if you want to buy for someone else as a gift (or their children).

How do I transfer my premium bonds to someone else?

Simply download the application or switching form for the new account you want to open or call us and we can send you the form. Complete the form, including the amount you want to switch and the fixed term investment you are switching it from. Mark on the form that you want to defer the switch until the maturity date.

Can you buy premium bonds for grandchildren living in Australia?

Anyone can buy Premium Bonds for a child under 16. If you’re not the parent/guardian of the child, you’ll need to let them know before buying Premium Bonds as we’ll contact them directly for things like providing evidence of identity and address.

How can I buy UK government bonds from 2021?

You can buy UK government bonds – known as gilts – through UK stockbrokers, fund supermarkets or by going directly to the government’s Debt Management Office. Governments sell bonds to raise money and they are generally fixed interest securities designed to pay out a steady income.

Can I give my premium bonds to my daughter?

How does it work? Anyone can buy Premium Bonds for a child under 16. If you’re not the parent/guardian of the child, you’ll need to let them know before buying Premium Bonds as we’ll contact them directly for things like providing evidence of identity and address.

Can you buy premium bonds for someone else over 16?

Yes you can – although there are some rules. You yourself need to be at least 16-years-old to buy them for yourself or someone else. If you have a child younger than 16, you can buy Premium Bonds online, by phone or by post, or by switching money from another NS&I account in the child’s name.

Can husband and wife both have premium bonds?

Premium bonds cannot be held jointly with another person. Additionally, premium bonds cannot be nominated to pass to a beneficiary when a person dies.

Can someone else buy premium bonds for me?

Can I buy Premium Bonds as a gift?

Buying Premium Bonds as a gift online. In the Autumn Budget 2018, it was confirmed that gifting Premium Bonds will become more accessible, reducing the minimum investment to £25 and allowing people other than parents, guardians or (great) grandparents to buy them for children aged under 16.

How much does it cost to buy Premium Bonds for kids?

Buy from just £25. With the chance to win cash prizes ranging from £25 to £1 million every month, a boost to their savings is a gift they can enjoy again and again. How does it work? Anyone can buy Premium Bonds for a child under 16.

What are Premium Bonds and how do they work?

With the chance to win cash prizes ranging from £25 to £1 million every month, a boost to their savings is a gift they can enjoy again and again. How does it work? Anyone can buy Premium Bonds for a child under 16. The child might already have some Premium Bonds, and that’s fine, they can hold up to £50,000 worth.

How to buy Premium Bonds for kids through NS&I?

You can either buy Premium Bonds for kids online by visiting this NS&I gift page or by post: fill in this form from the NS&I website and post it on to: If you encounter any problems getting Premium Bonds, phone NS&I, send an email or tweet @Nsandihelp.