The Retirement Thread

Discussion in 'CycleChat Cafe' started by Dirk, 6 Apr 2017.

  1. welsh dragon

    welsh dragon a permanent vacancy now exists


    Well done for getting out there.
     
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  2. OP
    OP
    Dirk

    Dirk If 6 Was 9

    Location:
    Devon's Gold Coast
    Yes, it's simple enough.
     
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  3. Paulus

    Paulus Started young, and still going.

    Location:
    Barnet,
    This year it has been on average every other month, but the last three months I have won £25 each time and in September two of my bonds came in with £25 each.
     
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  4. numbnuts

    numbnuts Legendary Member

    Location:
    North Baddesley
    I was give a premium bond when I was born 67 years ago :smile:.............it has never come up :sad:
     
  5. GM

    GM Legendary Member

    Location:
    North of the river





    In 1973 I bought 100 quids worth of PB's, I've not had a single penny back in winnings. I might be just unlucky, or the big one is not far away!
     
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  6. welsh dragon

    welsh dragon a permanent vacancy now exists

    I remember getting a few pb's when i was about 10 or 11. They were a 10 shillings in those days? No idea what happened to them.
     
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  7. PaulSB

    PaulSB Legendary Member

    I have one from 1954, given to me when I was born. While I fully understand each bond has an equal chance it's clear to have a good chance of winning one needs a sizeable holding. I also understand, though I know a mathmetician will prove me wrong, a large holding of sequential numbers has a greater chance of winning. The theory is any number drawn must be within a sequence. If one holds the sequence the number must be within it - if you get my drift.

    Our winnings, usually £25, are automatically invested as new bonds. Every time we hit £1000 I cash in all the £25 sequences and buy a new block of 1000.

    When we were very young and poor we won £500 - we still sleep in the bed it bought! New mattress though!
     
    Last edited: 6 Dec 2018
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  8. 172traindriver

    172traindriver Legendary Member

    I am sure I had some given to me on birthdays when I was little.
    I have no idea what became of them. I have been all through what was left of my dad's stuff and then my mum's stuff after she passed away but no luck in finding them.
    I dont suppose I won anything anyway :laugh:
     
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  9. welsh dragon

    welsh dragon a permanent vacancy now exists


    Same here. I remember the paper documents, but god knows what happened to them. ^_^
     
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  10. 172traindriver

    172traindriver Legendary Member

    Thats exactly the same.
    I have hunted high and low for them.
    Only thing I can think is when my father passed away my mum got rid of loads of his stuff.
    I would suspect they probably got thrown with that stuff as I never found them in amongst my mums possessions.
    Bit of a shame, it would have been nice to have checked the numbers.
     
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  11. PaulSB

    PaulSB Legendary Member

    We have won every month this year between £25 and £175. On annual average it's £100+ per month.

    I have retirement investments which are giving a better return. However the PBs are instantly accessible, secure, tax free and I, rather sadly, get pleasure each month from them........and you never know what might happen. Our investments which give a better return are harder to access, subject to tax and can go up and down even though they are in very conservative funds. When I get my state pension and become a tax payer again it will take careful management to avoid paying tax on those funds. I won more on the PBs this month than the monthly growth on our investment fund, obviously that varies monthly.

    Instant access is important because until my state pension kicks in our joint income is only just sufficient to meet our needs. The PBs give me the flexibility to dip in and out of the savings we need to spend, put some back one month, get more out another.

    This makes us sound wealthy, we are not, just fortunate to have had decent jobs and been a part of the golden generation born in the mid 50s to late 60s. We had everything available to us, great education, job prospects, freedom etc.................even if the mortgage often hit 12-16% and we could hardly pay it and had to save to buy the kids shoes!!!!
     
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  12. welsh dragon

    welsh dragon a permanent vacancy now exists


    I only have a small lump sum from my private pension. I am not of pensionable age yet either. The amount of interest i earn is pitifal, so if i do buy some Pb's i won't be missing out on interest. My mum often puts my birthday and christmas money together and gives it to me at christmas. Last year she gave me £300. If i am fortunate enough this year to get anything, i may well invest it in Pb's. I certainly don't have anything to lose. As you say, tax free instant access, so nothing to lose.
     
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  13. dave r

    dave r Dunking Diddy Dave Pedalling Pensioner

    Location:
    Holbrooks Coventry
    I've got one as well, given me at age seven
     
  14. dave r

    dave r Dunking Diddy Dave Pedalling Pensioner

    Location:
    Holbrooks Coventry
    The annoying part of it was it had stopped raining by the time I got home.
     
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  15. dave r

    dave r Dunking Diddy Dave Pedalling Pensioner

    Location:
    Holbrooks Coventry
    Mines in the big unit in the back of the lounge, I checked it a few years ago but it wasn't a winner.
     
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