From 1 November 2015, a most extreme holding limit applies to the holding of Prize Bonds not effectively enrolled in your name preceding that date. This most extreme holding breaking point is €250,000 (for example 40,000 Prize Bonds) per singular/candidate or €500,000 (for example 80,000 Prize Bonds) in regard of joint property by two people.
Applications to buy Prize Bonds which would make your total Prize bond result surpass the most extreme farthest point will be won’t.
It ought to be noticed that this utmost applies on or after 1 November 2015 and isn’t review. There is no restriction on the holding of Prize Bonds which were enlisted in your name preceding 1 November 2015 – these Prize Bonds won’t be considered in any appraisal of your general holding. To give a functional model, a current holder that holds 8,000 Prize Bonds (worth €50,000) obtained before 1 November 2015 can keep on acquiring further Prize Bonds up to the estimation of €250,000.Certain exclusions apply to the most extreme holding limit, subtleties of which can be found here.
On the off chance that I encash existing Prize Bonds and buy new Prize Bonds, will this check towards my most extreme utmost?
Indeed it will. The recently acquired Prize Bonds will be enrolled in your name on or after 1 November 2015 and along these lines will be liable to the greatest furthest reaches of €250,000 (for example 40,000 Prize Bonds) per individual or €500,000 (for example 80,000 Prize Bonds) in regard of a joint holding by two people which applies to Prize Bonds enlisted in your name on or after 1 November 2015.
Is there a breaking point on the estimation of Prize Bonds that I can purchase in a solitary exchange?
Prize Bonds are sold in units of €6.25 each. The base buy in any single exchange is €25 (for example 4 Prize Bonds) and the most extreme buy in any single exchange is €250,000 (for example 40,000 Prize Bonds) per singular/candidate or €500,000 (for example 80,000 Prize Bonds) in a joint buy by two people.