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Premium Bonds

Investments in Premium Bonds do not attract any interest so only the face value of any premium bonds will be included in the estate when calculating the value for probate. Premium Bonds are always held in sole names so National Savings & Investments will need to be notified. Premium Bonds cannot be transferred to another person (beneficiary) or to a trust and must therefore be sold. This can be done by letter (see address below) and will require a copy of the death certificate. Premium Bonds may be held for up to a year after death and will continue to be entered in the draw for prizes. If you do this it is worth making a note of the certificate numbers and retaining it. Any prizes received after death will need to be included as estate income (see later). You can also download and complete a form to notify National Savings and Investments by clicking here.  

It is worth checking whether any of the Premium Bonds that the deceased owned have won any unclaimed prizes.

If you are unsure as to whether the deceased held any premium bonds or you do not know the amount held you can contact the NS&I tracing service and they will carry out a search on your behalf. The tracing service can be accessed via nsandi Tracing Service.

Alternatively you can write to NS&I providing as many details as possible such as name of the deceased, their date of birth, address and any previous names. The address to write to is: Premium Bonds, National Savings and Investments, Blackpool FY3 9YP.

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