revtothelimit - motorbike forum

Nordboy wrote: Thu Apr 02, 2026 4:14 pm Nothing again this month, think i'll be moving it to an isa when the new financial year window opens on the 6th.

Nothing for me again. It's time to move into a S&S ISA I think?

crust wrote: Tue May 05, 2026 2:46 pm Woo hoo £125

Off to buy some summer tyres for the mtb.

May I recommend Sir some Radial Racing Ralphs.

Nordboy wrote: Tue May 05, 2026 4:12 pm

Nordboy wrote: Thu Apr 02, 2026 4:14 pm Nothing again this month, think i'll be moving it to an isa when the new financial year window opens on the 6th.

Nothing for me again. It's time to move into a S&S ISA I think?

We're getting great results from Virgin and Nationwide S&S ISAs

100.

So can I conclude from this thread that for 95% of holders, premium bonds are simply a nice way to hold a depreciating asset to immaturity?

Bobzilla wrote: Wed May 06, 2026 10:54 am So can I conclude from this thread that for 95% of holders, premium bonds are simply a nice way to hold a depreciating asset to immaturity?

ever the optimist Bobz

weeksy wrote: Wed May 06, 2026 10:56 am

Bobzilla wrote: Wed May 06, 2026 10:54 am So can I conclude from this thread that for 95% of holders, premium bonds are simply a nice way to hold a depreciating asset to immaturity?

ever the optimist Bobz

I just subscribe to the idea that it's not 'if' life is going to shit on you, it's 'when, how, and how often'... I'm rarely proved wrong.

Bobzilla wrote: Wed May 06, 2026 10:58 am

weeksy wrote: Wed May 06, 2026 10:56 am

Bobzilla wrote: Wed May 06, 2026 10:54 am So can I conclude from this thread that for 95% of holders, premium bonds are simply a nice way to hold a depreciating asset to immaturity?

ever the optimist Bobz

I just subscribe to the idea that it's not 'if' life is going to shit on you, it's 'when, how, and how often'... I'm rarely proved wrong.

Sure... if you say so

Is cash a depreciating asset?

Sure, you loose what you could be making with it elsewhere, but other than that it's neither appreciating or depreciating?

KungFooBob wrote: Wed May 06, 2026 11:04 am Is cash a depreciating asset?

Sure, you loose what you could be making with it elsewhere, but other than that it's neither appreciating or depreciating?

Inflation. Perhaps i should have said 'deflationary' rather than depreciating, but even that doesn't properly convey. Anyway, the true value of your PBs will go down, even if the cash value remains the same.

Bobzilla wrote: Wed May 06, 2026 11:15 am

KungFooBob wrote: Wed May 06, 2026 11:04 am Is cash a depreciating asset?

Sure, you loose what you could be making with it elsewhere, but other than that it's neither appreciating or depreciating?

Inflation. Perhaps i should have said 'deflationary' rather than depreciating, but even that doesn't properly convey. Anyway, the true value of your PBs will go down, even if the cash value remains the same.

That's why i've never understood why people spend their 'winnings' as i think of them more as 'interest payments' rather than winnings.

weeksy wrote: Wed May 06, 2026 11:19 am

Bobzilla wrote: Wed May 06, 2026 11:15 am

KungFooBob wrote: Wed May 06, 2026 11:04 am Is cash a depreciating asset?

Sure, you loose what you could be making with it elsewhere, but other than that it's neither appreciating or depreciating?

Inflation. Perhaps i should have said 'deflationary' rather than depreciating, but even that doesn't properly convey. Anyway, the true value of your PBs will go down, even if the cash value remains the same.

That's why i've never understood why people spend their 'winnings' as i think of them more as 'interest payments' rather than winnings.

Mine have always been set to reinvest. More in the pot to win next time, I guess if you've maxed them out you could always reinvest the winnings elsewhere.

My step-dad was once trying to explain his financial acumen and shrewd planning one afternoon after Sunday lunch at my mum's.

SD - 'I had another Premium Bond cheque come in the the day'

Me - 'A cheque? Why don't you get the winnings paid directly into your bank account? Easier than traipsing into Herne Bay to the bank, surely'

SD - 'No, I don't trust anybody with my bank details'

Me - 'But you just said that you'd deposited £XX,000 in PB's because they were govt. backed. Yet you don't trust them to pay into your account? Plus, you'd get the money straight away'

SD - 'yeah, but'..and at this point he assumed a very smug look and leaned in...'I don't pay the cheque in straight away...I make 'em wait'

He then sat back with the look of a man who's taken on Warren Buffet and won. I was literally speechless.

I won nothing and I have the maximum in there, so I was a tad miffed, how can I win nothing!
My wife has the max and she won £250 but it's still rubbish, my lad also has the max and won £100.

I think we're having our pants pulled down, I'd be very surprised to find that PBs do actually deliver, on average, the interest rates of the time.
If they're anything like the Bank of England then they swing from incompetency to outright lies.

The trouble is there is nothing in the UK that is tax free that is an alternative, although paying tax on something is better than not paying it on nothing.

KungFooBob wrote: Wed May 06, 2026 11:24 am

weeksy wrote: Wed May 06, 2026 11:19 am

Bobzilla wrote: Wed May 06, 2026 11:15 am

Inflation. Perhaps i should have said 'deflationary' rather than depreciating, but even that doesn't properly convey. Anyway, the true value of your PBs will go down, even if the cash value remains the same.

That's why i've never understood why people spend their 'winnings' as i think of them more as 'interest payments' rather than winnings.

Mine have always been set to reinvest. More in the pot to win next time, I guess if you've maxed them out you could always reinvest the winnings elsewhere.

I take money out from time to time to buy something and have my winnings to reinvest. At some point it maxes out and then they automatically transfer to my e-savings bank account and I then move it to my ISA. The best bit is, my winnings pay for whatever I drew the cash out to buy. So I've had a few free motorbikes, cameras etc

IccyV2 wrote: Wed May 06, 2026 11:52 am I won nothing and I have the maximum in there, so I was a tad miffed, how can I win nothing!
My wife has the max and she won £250 but it's still rubbish, my lad also has the max and won £100.

I think we're having our pants pulled down, I'd be very surprised to find that PBs do actually deliver, on average, the interest rates of the time.
If they're anything like the Bank of England then they swing from incompetency to outright lies.

The trouble is there is nothing in the UK that is tax free that is an alternative, although paying tax on something is better than not paying it on nothing.

ISAs ??

I take my winnings as they come in, so, in theory the pot diminishes in value by inflation.

Well, it would if I didn't buy more every now and again....eg if we've maxed out the annual ISA allowance.

So you can take the winnings without letting the pot dwindle.

IccyV2 wrote: Wed May 06, 2026 11:52 am I won nothing and I have the maximum in there, so I was a tad miffed, how can I win nothing!
My wife has the max and she won £250 but it's still rubbish, my lad also has the max and won £100.

I think we're having our pants pulled down, I'd be very surprised to find that PBs do actually deliver, on average, the interest rates of the time.
If they're anything like the Bank of England then they swing from incompetency to outright lies.

The trouble is there is nothing in the UK that is tax free that is an alternative, although paying tax on something is better than not paying it on nothing.

Cash ISA. I've got an XTB paying 6% for the next 3 months, 4% after. It's what's got the money that I would have been paying on a car deposit but aren't because I'm going company car.

Bobzilla wrote: Wed May 06, 2026 1:15 pm

IccyV2 wrote: Wed May 06, 2026 11:52 am I won nothing and I have the maximum in there, so I was a tad miffed, how can I win nothing!
My wife has the max and she won £250 but it's still rubbish, my lad also has the max and won £100.

I think we're having our pants pulled down, I'd be very surprised to find that PBs do actually deliver, on average, the interest rates of the time.
If they're anything like the Bank of England then they swing from incompetency to outright lies.

The trouble is there is nothing in the UK that is tax free that is an alternative, although paying tax on something is better than not paying it on nothing.

Cash ISA. I've got an XTB paying 6% for the next 3 months, 4% after. It's what's got the money that I would have been paying on a car deposit but aren't because I'm going company car.

I'm already maxed out and it's a tiny allowance anyway, it should be £50k ISA cash allowance to give people some choice in a tax efficient future nest egg, I'd be happy if they set a lock in period where you can't withdraw for say five years at least, at the moment there is very little available that is a genuine alternative to a pension with all their downsides and inflexibility.

A cash ISA as an alternative with a decent allowance, giving a genuine way for people to build up a supplementary retirement fund over the last ten years of their working life. Mortgage paid off and then bang your surplus into a tax free fund just like an ISA now but with a limit at least twice the size.
I bet people would save more and be less of a burden in retirement, then they really can look at reducing the standard government pension on a means tested scale.

It's like the government doesn't want you to retire with any flexibility with your own money.

I never knew,

Personel income tax allowance in iom is 17k instead of our 12570.
Bike tax £28 whatever size.
No mot.
Not the best beer.