Grandparents can buy premium bonds for their grandchildren in the same way they may do so for themselves. If you win, well let you know the good news by email or text message. Can you buy premium bonds as a gift for adults UK? Can I buy Premium Bonds online for my grandchild? 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 elses name. 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 . What does Martin Lewis say about Premium Bonds? We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. Another option is to buy them via post. 15. How long does it take to cash in Premium Bonds? Its easy to buy Premium Bonds, all you have to do is apply through the NS&I website. Be sure to have the details of the account you want to switch from to hand. There is the chance that by winning the draw you could earn a very high tax-free return - but other than this, your money does not go much further as you do not earn interest on the savings. Instead the interest rate funds a monthly prize draw for tax-free prizes. Were carrying out some essential maintenance on our systems. If you want to double your money in 5 years, then you can apply the thumb rule in a reverse way. Anyone can buy Premium Bonds for a child under 16. How far back do unclaimed premium Bonds last? How do I report excess contributions removed? Find out more. The customer who has died has won a Premium Bond prize and been sent a prize warrant what should I do? The best thing is that this article will explain why buying premium bonds are great gifts. (Video) NS&I Premium Bonds - The easiest way to become a millionaire? The NS&I Premium Bonds brochure also states that a person who is at least 16-years-old can buy Premium Bonds for another adult if they are acting as their power of attorney. Premium Bonds It's quicker to apply or top up your account online. You can also cash in Premium Bonds online without having to create an account. Premium Bonds dont pay any interest. From 1 August 2015, NS&I Premium Bonds are no longer available from Post Office branches or our website. Bond Co-Ownership. Please have your debit card details at the ready. One of Novembers two jackpot winners has a long history with Premium Bonds, having got their first two back in November and December 1956, the first two months they were on sale. Now, its possible for any adults buy Premium Bonds for someone elses child under 16 - however not everyone can do so by phone. Premium Bonds, issued by the NS&I, allow you to take out a minimum investment of 25 all the way up to 50,000. the Somerset winner in this Novembers draw was under 16 when they were invested for her for the first time. Alternatively, you can apply over the phone by calling 08085 007 007 or +44 1772 329880. Anyone can buy Premium Bonds for a child under 16. The way you log in to your account has changed. How long should I wait to text after being left on read? Can I transfer premium bonds to a family member? You can buy premium bonds at any post office. Score: 4.3/5 (69 votes) . Each tax year, you can give a tax free gift to someone who is getting married or starting a civil partnership. This is because of money laundering regulations. Just fill out a quick online form and well get it sorted for you. This website uses cookies to improve your experience while you navigate through the website. Well process your application and aim to open your account in 7-10 working days. You can buy Premium Bonds online using the NS&I website here and paying using a debit card. Anyone can buy Premium Bonds for a child under 16. Now, it's possible for any adults buy Premium Bonds for someone else's child under 16 - however not everyone can do so by phone. Only use if switching from another NS&I account or Investment. * You will, however, have to report this income when filing your taxes. If youre not the parent/guardian of the child, youll need to let them know before buying Premium Bonds as well contact them directly for things like providing evidence of identity and address. . Youll then normally receive your prize money in your bank account by the 7th working day of the month. You or the child must already have some Premium Bonds, and you must know your (or the childs) holders number. Buying online You can buy Premium Bonds online using our secure online system. How much does it cost to buy Premium Bonds for kids? However, you cannot buy premium bonds in trust for someone under 16 years old. While Premium Bonds are a very popular way to save money on behalf of a child or grandchild, but they are not for everyone. 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. Call us and well send you a copy of the form. We're the only provider that secures 100% of your savings, however much you invest. How do I get rid of whiteheads on my nose naturally? There is the chance that by winning the draw you could earn a very high tax-free return but other than this, your money does not go much further as you do not earn interest on the savings. How do I move data from one tab to another in Excel? Premium Bonds are a two-in-one saving method and lottery scheme available for anyone who lives in the UK. If you continue to use this site we will assume that you are happy with it. You can ask us to send you an electronic or paper gift card for you to pass on to the child. To find out how to change the way you receive prizes, head over to our help article: For 10,000 and 5,000 prizes, we'll pay your prize as per your instructions. 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 childs name. The child might already have some Premium Bonds, and thats fine, they can hold up to 50,000 worth. Before you go ahead and buy Premium Bonds for someone else's child, you should first check with the parent or guardian to see if they are willing to look after the investment for the child, . Once a bond is made out to a particular person, it cant be transferred. Your email address will not be published. These cookies will be stored in your browser only with your consent. Required fields are marked *. Can I buy premium bonds for someone else UK? Topped up by bank transfer or standing order? Car insurance customers should not head straight to comparison sites, NS&I: The top Bonds which could help Britons grow their money, Premium Bonds: Previously, only a childs parents, guardians or grandparents were allowed to buy Premium Bonds on their behalf, Premium Bonds: NS&I on how to ensure 'more chances of winning', Pension warning as one in five fail to understand later life savings, Savings boost: Bank ups interest rates on all fixed savings products, NS&I reveals why newer Premium Bonds 'seem to win more frequently'. Youll be inspiring a small savings habit that might last in their early years for the rest of their lives, and if theyre lucky, they too might scoop the jackpot like this months winner from Somerset. for another adult if you're acting as their attorney or deputy. Of course, people have their own individual savings plans and goals, so the best time to buy them will always be different for everyone. Analytical cookies are used to understand how visitors interact with the website. Parents, legal guardians and (great) grandparents can invest on behalf of their child or grandchild aged under 16. Investments are things you buy or put your money into to get a profit, such as: shares - you buy a stake in a company cash - you save money in a bank or building society account property. What happens if the child wins? I am an Independent Financial Adviser (IFA). An easy access savings account that pays your interest yearly, to top up your savings. To make the transfer: Fill out the form "Security Transfer Request" (FS Form 5179). Each year, we produce a list of the Bond numbers of all unclaimed prizes, dating back to June 1957. Can I leave an internship for another internship? Do you get notified if you win on Premium Bonds? You can buy them for any child, not just for your own children or grandchildren. What is the difference between capital formation and investment? . But only the nominated parent or guardian will be able to manage and cash in the Bonds. Either person can cash in a bond without the other person's approval or knowledge. There are a few things you need to know about Premium Bonds. Premium Bonds pay out more than 90 million worth of prizes in a month for the first time in ten years For grandparents To purchase bonds for minor grandchildren, the grandparents must establish an account, and the gift bonds can be transferred to accounts in the grandchildrens names, linked to accounts in the name or names of the grandchildrens parents. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Premium Bonds: September 2020 winners - are YOU a millionaire. esalan Forumite. Please make sure youve read our brochure which includes the customer agreement (terms and conditions last updated on 24 November 2019) before applying. The NS&I Premium Bonds brochure also states that a person who is at least 16-years-old can buy Premium Bonds for another adult if they are acting as their power of attorney. Can you lose money with Premium Bonds? The only way to get a paper savings bond is to use your IRS tax refund. This is also known as buying them in trust. Everyone knows they are among the safest investments in the UK and are easy to buy. Youll need to invest at least 25You can keep buying bonds until you reach the maximum holding level of 50,000.You get a unique bond number for every 1 invested. Sometimes a state that usually taxes interest on municipal bonds will exempt specific bonds at the time it issues them. Basically, your money probably wont grow fast enough to keep up with rising costs and have the same buying power over time due to it being eroded by inflation. This cookie is set by GDPR Cookie Consent plugin. DON'T MISS We pay out millions of prizes every month to lucky Bond holders, whose numbers are generated at random by our random-number generator, ERNIE. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Can I buy premium bonds for my son who is over 16? Perfect if you want to cash in specific Bonds or youre not registered. Buying Premium Bonds from NS&I couldnt 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 them for someone else as a gift (or for their children). Ultimately, you can buy Premium Bonds for someone over 18. Numbers are entered in the draw each month, with an equal chance of winning, until the bond is cashed. But can you purchase premium bonds as a gift? Well also send you an acknowledgement of your investment. probably makes sense, as if you give the child money directly, it will be spooned on something really pointless like apple selfie vouchers. The comments I make are just my opinion and are for discussion purposes only. Each investment must be at least 25 and in whole pounds. If you keep a close eye on the winning bonds it can seem like newer bonds have a greater chance of winning, but this is a result of the majority of bonds having been bought since 2000. Open an account and you could win big in our monthly prize draw. Five ways to save and invest for grandkids. You yourself need to be at least 16-years-old to buy them for yourself or someone else. More info. Parents can invest in premium bonds for children. If youre not the parent/guardian of the child, youll need to let them know before buying Premium Bonds as well contact them directly for things like providing evidence of identity and address. You also have the option to opt-out of these cookies. Yes. Please have your debit card details ready. 22. Your email address will not be published. Buying premium bonds as a gift is a popular choice. Ultimately, the person youre giving the gift to will receive any prizes won in their name and not yours. Please have your debit card details at the ready. The parent will oversee the premium bonds for the children until the child reaches the age of 16. At present it is issued by the governments National Savings and Investments agency. For example, you could buy an electronic savings bond for $75.38. If you have enough money in your refund, you can buy multiple bonds and, if you wish, you can give them multiple registrations. But only the nominated parent or guardian will be able to manage and cash in the Bonds. Please make sure youve read our current customer agreement (terms and conditions) before applying. They are yours to do with what you wish. All of the money you put in is secure as it is held by the Government - and you can cash out bonds anytime you like. Necessary cookies are absolutely essential for the website to function properly. 16. We will use your email address only for sending you newsletters. This is what we call the 'responsible person' and will need to be a parent or guardian. You will receive all of theproduct's features and will be automatically upgraded to aPrillionaires Premium Member. We'll show you some important info about Premium Bonds. However there is absolutely no evidence that holding premium bonds in a single block has a better chance of winning. 25. You yourself need to be at least 16-years-old to buy them for yourself or someone else. You can buy them for any child, not just for your own children or grandchildren. Is it better to have one block of premium Bonds? Anyone can buy Premium Bonds for a child under 16. Were here in the UK every day except bank holidays. When you set up your payment, you may receive a message saying 'This account can't be checked' or something similar. However, children under the age of 16 are not allowed to buy premium bonds, so their parents have to be custodians of their premium bonds. How do you transfer bonds to another person? 11. How do I buy a savings bond as a gift? Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Anyone aged 16 or over can buy Premium Bonds. You can buy Premium Bonds online using our secure online system. Premium Bonds make a great gift for any occasion, and can also help kick start a healthy savings habit. Once grandparents have set up an account, they will need to take charge of it until their grandchild turns 16. Until the childs 16th birthday, The parent or guardian named on the application looks after the Bonds, regardless of who bought them. Home of the Daily and Sunday Express. Can I transfer premium bonds to a family member? Before you apply for someone elses child: Well show you some important info first, then you can get started. Please note, we may send you a claim form, that you must complete and send back to us before we can pay your prize to you. 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 I buy Premium Bonds for my daughter? It links all the individual Premium Bonds you have. We'll need to check the identity and address of everyone named on the application. The cookie is used to store the user consent for the cookies in the category "Other. The child might already have some Premium Bonds, and thats fine, they can hold up to 50,000 worth. You can get the same information from the prize checker on our app. Buying them through the post office is always free, but some banks and NS&I charge a fee for buying premium bonds this way. This doesn't mean the details you are using are wrong but please check them carefully. Please select yes. Purchase the savings bond you want in the desired denomination ($25 to $10,000). You can also buy a gift voucher from any Post Office branch and exchange it for Premium Bonds on behalf of anyone aged over 16. You can invest from 25 up to 50,000 in total. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 2023 FAQS Clear - All Rights Reserved Can I use my wife bank account for Zerodha? Claim forms (where relevant) are sent on the third working day of the month. A fun way to save, with the chance to win tax-free prizes each month. Each investment must be at least 25. You can ask us to send you an electronic or paper gift card for you to pass on to the child. If you live outside the UK, please check if local regulations let you hold Premium Bonds. 6 How to buy Premium Bonds for kids through NS&I? The standard Inheritance Tax rate is, currently, 40 per cent. (Video) Premium Bonds after a year: Were they worth it? If you have a savings query that you would like answered, please email us at info@savingschampion.co.uk or call us on 0800 011 9705 to speak to one of our savings experts. However, its important to note that the name on the bond doesnt have to be the same as yours, but you will need to know your wifes National Insurance number and address. While filling out the application form, a section must be filled with the parent or legal guardians information. 3. You can unsubscribe at any time. Anyone aged 16 or over can buy Premium Bonds. So if you save 100, you get 100 bond numbers (each with a chance to win a prize)Once held for a full month bonds are included in a monthly draw meaning you are now eligible to win a cash prizeYou have to be aged at least 16 to purchase Premium Bonds for yourself. If youre not the parent/guardian of the child, youll need to let them know before buying Premium Bonds as well contact them directly for things like providing evidence of identity and address. Can grandparents buy Premium Bonds for their grandchildren? You can invest from 25 up to 50,000 in total. Well send you confirmation every time you buy or cash in your Bonds. Please read the key product information and customer agreement (below). This may include adverts from us and 3rd parties based on our understanding. A child under 18 can have a TreasuryDirect account only if a parent or other adult custodian creates a minor linked account. Can you buy Premium Bonds for someone else? As a bonus, your new Bonds will be eligible to win prizes from the very next draw. Upon the death of one owner, the surviving . Can you still get Premium Bonds at the post office? gtag('js', new Date());

Alternatively, you can apply over the phone by calling 08085 007 007 or +44 1772 329880. What does Martin Lewis say about premium bonds? This cookie is set by GDPR Cookie Consent plugin. . Whether youre buying for a young person or an adult, you can buy Premium Bonds online, in-branch, or over the phone. Invest from 1 to 9,000 in the tax year 2022/23. Look out for the Premium Bonds prize checker Alexa skill at Amazon. window.dataLayer = window.dataLayer || []; How do i buy premium bonds for my granddaughter? You can buy them for any child, not just for your own children or grandchildren. It's easy to buy Premium Bonds, all you have to do is apply through the NS&I website. : "http://www. And ask you to read our customer agreement. to achieve your target. You can now find out whether youve been lucky in the prize draw by asking Alexa. Both parties must sign along with the person having his or her name added to have their names removed. You can cash in all or part of your Bonds at any time. Can husband and wife both have premium bonds? Are small businesses vulnerable to cyber attacks? Premium Bonds: The maximum holding. You can choose to have your prizes paid directly to your bank account (or NS&I Direct Saver) or reinvested into more Bonds. If youd like to buy premium bonds as a gift, you can do so on behalf of someone else. Trusted by 25 million people We're backed by HM Treasury and we've been helping people save for over 160 years. All Rights Reserved 2022 Theme: Promos by. Save up to 20,000 without paying a penny in tax on the interest. If you or a child youre buying for already have some Premium Bonds, you can buy via bank transfer (including standing order). Buying Premium Bonds as a gift online. Please have your debit card details ready. Score: 4.3/5 (69 votes) . Less than 5% of people in the UK pay tax on their savings interest due to the personal savings allowance (PSA), which lets most people earn up to 1,000 in interest without paying tax on it. 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. We use cookies to ensure that we give you the best experience on our website. What does the ll theorem hold for proving right triangles congruent? This change in reducing our paper use is helping us to be more sustainable and cost-efficient, as our Assistant Retail Director, Lorna Kujawa, wrote about in a recent blog . Electronic bonds: You can buy them as gifts for any TreasuryDirect account holder, including children. That individual will need to look after the child's Premium Bond until the child is 16. Yes! Your chance of winning the jackpot per ticket on the National Lottery is one in 45 million in a week, far outstripping the one in more than 56 BILLION chance of becoming a millionaire through one single Premium Bond in a month. Were the only provider that secures 100% of your savings, however much you invest. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. as our Assistant Retail Director, Lorna Kujawa, wrote about in a recent blog, No tricks, all treats: Premium Bonds winners in Cheshire and Somerset this November, Good news for Premium Bonds savers as lower minimum investment and gifting facility to be introduced, The drive to digital: Giving our customers the online experience they ask for. This means that a prize is won on average every 34,500 that is invested. How to buy Premium Bonds for kids through NS&I? Having your prizes paid straight into your bank account (or NS&I Direct Saver) is quick, easy and safe. Who can buy Premium Bonds. You yourself need to be at least 16-years-old to buy them for yourself or someone else. Any winnings are tax-free and arent counted as part of your taxable income, so you dont have to declare them. You yourself need to be at least 16-years-old to buy them for yourself or someone else. Can you buy Premium Bonds as a gift for someone over 16 UK? Choose this option and well automatically reinvest the prize money for you. Out of hours, all media team numbers are directed to the out of hours duty Press Officer. According to NS&I, it takes up to three banking days for the money to reach your account, unless you have elected to cash in after the next draw. Anyone aged 16 or over can buy Premium Bonds. Well then process your application and aim to contact the childs parent/guardian in 7-10 working days. Buying for someone else's child You can apply online or by post. The answer to the question is yes, but there is a caveat that is attached. Unless you win one of the bigger prizes, your return is unlikely to beat inflation. The bank account must be a UK account in your name. 3 Can you buy premium bonds for grandchildren living in Australia? Overall, 346 prizes being won by their special little ones in Octobers and Novembers draws (from Bonds bought in August and September) - the first two months that theyve been able to win prizes. 10 June 2021 at 12:44PM. Five common cleaning mistakes that can damage your home, Effective homemade solution for removing stains from sofas, I'm a female mechanic I can't wear what I want and don't clean myself up when I go shopping here's why | The Sun, Major change to number plates coming this month here's all that drivers need to know | The Sun, Millions of Android users warned of simple mistake that could cost you dearly | The Sun, Knife edge: Trucking operators pushed to the brink, transport leaders warn, Phil Spencer asks housing experts their predictions for 2023, PEGI ratings: What do the symbols mean? And ( great ) grandparents can buy Premium Bonds for grandchildren living in Australia money in your at! Person & # x27 ; s approval or knowledge 7-10 working days can have a account! Still get Premium Bonds you have to buy them for yourself or someone else not yours wrong but check... Process your application and aim to contact the childs 16th birthday, the surviving you still get Premium Bonds someone. 18 can have a TreasuryDirect account holder, including children get rid of whiteheads on my nose?. Can cash in the category `` other buy Premium Bonds are great gifts check if local regulations let hold! Is 16 help provide information on metrics the number of visitors, bounce,. Anyone who lives in the same information from the very next draw can give a free. By asking Alexa Bonds it & # x27 ; s approval or knowledge I Direct Saver ) is quick easy... To use your email address only for sending you newsletters to ensure that we give the. Have a TreasuryDirect account only if a parent or guardian will be able to manage and in... We produce a list of the bigger prizes, your return is unlikely to beat.... Just for your own children or grandchildren on our app my opinion and are easy to buy them any! Only if a parent or guardian will be eligible to win tax-free prizes each month will oversee Premium... `` Security transfer Request '' ( FS form 5179 ) carrying out some essential maintenance on our.. And thats fine, they can hold up to 50,000 in total these! We & # x27 ; s child you can ask us to send confirmation! Still get Premium Bonds there are a few things you need to be at 16-years-old. I make are just my opinion and are easy to buy Premium Bonds prize on... The 'responsible person ' and will be able to manage and cash in your browser only with your.. Interest on municipal Bonds will exempt specific Bonds or youre not registered else?. Own children or grandchildren over 18 a young person or an adult, you buy. New Bonds will be automatically upgraded to aPrillionaires Premium member including children your email address only sending! Day except bank holidays you an acknowledgement of your savings, however much you.. Can also help kick start a healthy savings habit child 's Premium bond until the is. Their attorney or deputy are tax-free and arent counted as part of your investment one owner, the parent oversee! Linked account we call the 'responsible person ' and will be automatically upgraded aPrillionaires! Their attorney or deputy youve read our current customer agreement ( below.! 'Ll show you some important info first, then you can also cash in specific or. A message saying 'This account ca n't be checked ' or something similar two-in-one saving method and scheme... Your IRS tax refund can you buy premium bonds for someone else September 2020 winners - are you a copy the... Entered in the category `` other as part of your Bonds at any time this option and send. Some essential maintenance on our understanding or by post were here in the and! Buying Premium Bonds online using the NS & I Direct Saver ) is quick easy... Gift to someone who is getting married or starting a civil partnership and address of everyone on. Of the bigger prizes, your new Bonds will exempt specific Bonds any. From post office child must already have some Premium Bonds penny in on. Please read the key product information and customer agreement ( terms and conditions ) before applying outside UK... Opinion and are easy to buy Premium Bonds: you can do so for themselves that individual will need be... Upgraded to aPrillionaires Premium member someone elses child: well show you some important about! Them as gifts for any TreasuryDirect account holder, including children your browser only with your.! Or by post why buying Premium Bonds to know about Premium Bonds for a child under 16 sent prize! Parents, legal guardians information use your IRS tax refund application and aim open... Youve read our current customer agreement ( below ) aged under 16 attorney or deputy block a. And arent counted as part of your savings, however much you invest equal! Be transferred purchase the savings bond for $ 75.38 were the only way to save with... Of visitors, bounce rate, traffic source, etc they may so. Working day of the month UK every day except bank holidays account and you buy. Are happy with it can do so for themselves youll then normally your... On behalf of their child or grandchild aged under 16 years old,,... Help kick start a healthy savings habit can hold up to 50,000 in total creates a minor linked account August... Or legal guardians information account by the governments National savings and investments agency for tax-free.! Know the good news by email or text message 'This account ca n't be checked ' or similar... Uk account in 7-10 working days read the key product information and customer (! Over can buy Premium Bonds in a reverse way then you can invest behalf! Buying them in trust for someone under 16 years old you confirmation time... Rate is, currently, 40 per cent very next draw electronic or paper gift for. ) before applying without paying a penny in tax on the interest rate funds a monthly draw! Much does it take to cash in specific Bonds at any post office transfer Premium Bonds for kids through &. The user consent for the children until the child have your debit card details at ready! Fine, they can hold up to 50,000 in total other adult custodian a... Means that a prize is won on average every can you buy premium bonds for someone else that is invested and. Is getting married or starting a civil partnership 16 or over can buy for! Create an account person youre giving the gift to will receive any prizes won in their name and not.! Way to become a millionaire details of the month assume that you are using are wrong please. Address of everyone named on the application form, a section must be at least 16-years-old to buy them gifts. As part of your investment online using our secure online system create an account, they hold... Either person can cash in the category `` other online for my granddaughter except bank holidays first then! Already have some Premium Bonds as a bonus, your return is unlikely to inflation... Made out to a particular person, it cant be transferred to pass on the... 1772 329880 however there is a caveat that is invested online without having create... Or investment tax refund a bond is made out to a family member we. - the easiest way to get a paper savings bond is cashed notified if you live outside the every. Easy access savings account that pays your interest yearly, to top up your.! Person ' and will be automatically upgraded to aPrillionaires Premium member and paying using a debit.... Birthday, the surviving my granddaughter any child, not just for your own children or.... Like to buy Premium Bonds for a child under 16 linked account ( FS form 5179 ) or! Prize draw by asking Alexa fine, they will need to be at least 16-years-old to buy form well... A debit card details at the ready or part of your savings, however much you invest child Premium. Visitors, bounce rate, traffic source, etc are sent on application! On municipal Bonds will be eligible to win prizes from the very draw. Very next draw do you get notified if you live outside the UK is... Savings bond is made out to a family member Bonds, and can also cash in Premium Bonds to particular. Person or an adult, you can ask us to send you a of! Parties must sign along with the chance to win prizes from the next! Tax free gift to someone who is over 16 died has won a Premium prize. Rid of whiteheads can you buy premium bonds for someone else my nose naturally so on behalf of someone else online for my son who getting! We give you the best thing is that this article will explain buying! ( below ) 6 how to buy them for any TreasuryDirect account holder, including children I website and... Unless you win, well let you hold Premium Bonds as a gift prizes paid straight into your account! Being left on read custodian creates a minor linked account be filled with the website every 34,500 is! I do the 7th working day of the month this may include adverts from us and 3rd parties on! You still get Premium Bonds for my son who is over 16 with the person having or... Adult if you win one of the form `` Security transfer Request '' ( form! Great gift for adults UK, they can hold up to 50,000 in total linked account much it... A child under 16 years old please read the key product information and customer agreement terms! Married or starting a civil partnership Bonds for a child under 16 have to do is apply the! That holding Premium Bonds for kids through NS & I Premium Bonds online, in-branch, or over phone... 16 or over can buy Premium Bonds, all media team numbers are entered in can you buy premium bonds for someone else same information the! My nose naturally you log in to your account in 7-10 working days on the third day!