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The handshake with Premium Bonds will bring new perks to the winners of the £1m jackpot

Two Britons a month win a £1 million prize on a National Savings and Investment Special Bond, but many don’t know what to do with the life-changing money. The winners will receive tips soon

A woman opens the winning Premium Bond letter with her winner's check
Two people every month win the jackpot

Lucky British won 1 million pounds National Savings and Investments (NS&I) Specialty bonds will be directed to one of thousands of financial firms for advice – if they so desire.

Insurance fees is a monthly lottery-style draw with two winnings of the £1 million jackpot.

These are favorite savings deals in the UK, with 21 million people owning at least one.

But those lucky enough to win the £1m jackpot could easily have made bad decisions with the cash.

Of course, if you want to reduce your winnings, that’s entirely your call, but the idea is to help more people spend cash wisely.

So from April 1, anyone who wins £1 million will be forwarded to receive optional financial advice from any chartered or certified financial planner.

These advisors will charge a fee, which varies from company to company.

For the past eight years, NS&I has contracted jackpot winners to a company, Matrix Capital, but now wants to give customers more choice.

NS&I will refer interested jackpot winners to a list of 8,000 qualified advisors.

“NS&I would like to acknowledge our sincere thanks to Matrix Capital for providing excellent service to Earth jackpot winners,” said Andrew Pike, NS&I head of intermediary relationships. Special coupons for the duration of our cooperation.

“There’s no doubt that this has led to many positive outcomes for the jackpot winners.”

Since the first draw in June 1957, NS&I has drawn 552 million prizes totaling £22.6 billion.

The way Premium Bonds work is that instead of earning interest, you’ll be entered into a monthly bonus draw where you can win between £25 and £1 million tax free.

This means that your chances of winning are completely up to chance – and you may not win at all.

Whenever you want, you can get all of your initial deposit back from NS&I, although it may take a few days.

The minimum amount you can invest in Premium Bonds is £25 and the maximum is £50,000.

Customers can use nsandi.com prize checker and prize checker app to see if they win or not.

If you have Amazon Alexa, you can also ask it to tell you the most recent winning numbers.

To see if you win, you need to enter Insurance fees owner’s number.

Find the Forgotten Premium Bond award

You can find out if any of your Special Bonds are winners by downloading Prize Checker App from the App Store or Google Play or visit the prize checker at nsandi.com.

Customers can manage their Bonds online at nsandi.com and by phone.

Currently, the bond win rate per month is 34,500 to 1 for every £1 of Bond you have invested.

Those with the lowest holdings at NS&I have a 1 in 1,380 chance of winning anything each month.

Most prizes per month are £25.

Customers can choose to have their prizes paid out straight to their bank account or have them automatically reinvested into new Specialty Bonds.

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https://www.mirror.co.uk/money/premium-bonds-shake-up-give-26482652 The handshake with Premium Bonds will bring new perks to the winners of the £1m jackpot

Fry Electronics Team

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