Who can buy the bonds? British citizens sixteen years of age may purchase securities for a premium. Young people can start college savings or later in adult life and can save a rainy day or retirement. Not only the money in a safe place, have the potential to earn anywhere from fifty million pounds, while the number of links that point. At least two companies to become a millionaire in a month.
British can not buy prize bonds only in the United Kingdom. The Postal Act does not allow the bonds or the cash prize will be sent. You need to go in person and buy Britain's obligations to the post office or the national security and investment agencies. If you win a prize, you need to plan another trip to the island to get money. The prize money is tax free in the UK, but you can check the laws of your country, how much money from home without paying taxes or customs duties.
Premium Bonds can be redeemed for cash value without loss. So if you are a foreign investor and the need for money, you need to travel to Britain to recover their money. There are certain restrictions and tariffs for transporting a large amount of money so you can make arrangements with a UK bank to transfer funds for you. He is also concerned about the devaluation of the currency. The book can vary and may have to suffer the loss of change. Major depression in the two banks could lead to a substantial loss. You do not have to look at the money market closely to ensure that their money was safe for removal
To ensure that the money you can make a formal agreement of a British citizen to buy bonds for you. Bonds, according to the names of persons and the legal agreement must be with this person, so you can cash your bond or to receive the award. A certain percentage of the price to pay that person to leave the money and use their name. A British lawyer and your lawyer should be recommended.
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