Who can invest Anyone. Joint holdings not allowed. Parents, guardiand and grandparents can buy bonds for children. How worthwhile If you are lucky and enjoy a gamble you may win a prize, but you may not. Worth considering only if you are a higher rate taxpayer.
Bonds become eligible to win one clear calendar month after the month of purchase.
Suitable Lump sums. Money back About 2 weeks. A partial withdrawal of a multiple bond is allowed. By cheque or in cash at a post office. Tax Prizes are free of income tax and capital gains tax.