Bonus bonds where can i use them

Do you have Bonus Bonds about to be cashed out? Here at Kernel we provide low-cost, well diversified index funds for growing your financial future. You can find out more here. This is not intended to be read as personalised advice or recommendations. Any information we provide is general only and current at the time written. As we approach the one-year anniversary of Capitulation Monday, 23rd March when the government announced New Zealand would enter a level 4 lockdown resulting.

The world is going through a digital revolution, with innovative companies transforming the world we live in faster than ever before. This could not be more. Are you the sort of person who dreams about the next big thing or is astonished at how technology is changing and improving our lives?

Us too. Hey Happy Saver! Thanks for checking us out. Have you signed up to join our personal investing webinar? Click here to learn more. Get started. How it works. Back to home. View all funds. Global Green Property. Global Clean Energy. They could redeem their Bonus Bonds before the scheme starts to wind up, or stay in the scheme and be entitled to a share of the remaining reserves, after expenses, when the scheme is wound up, Those who choose to stay during the wind-up phase will have their investments locked in during this process, which may take up to 12 months.

With only a week or so to go those who have Bonus Bonds should act fast if they want to withdraw funds by deadline at the end of October If you have decided to withdraw your funds now you may be wondering where to invest them?

When it comes to short-term goals e. As it is a lottery, the more bonds you hold, the higher chance you have of winning. It's important to know that a bond has the same chance of winning in another draw if it has already won, so a winning bond is still relevant for future prize draws.

Prizes are paid in cash into your bank account, or you can choose to have bonus bonds issued for the value of your prize, i. The government determines the return on investment by setting the maximum odds of winning. Despite your money sitting with banks and the government, Bonus Bonds is not without its risks. The risk of a lower return - reduced scheme returns may result in a smaller prize pool which will result in fewer or smaller prizes.

This will occur if interest rates drop, meaning less prize money is available to award to anyone holding Bonus Bonds. The odds of winning a prize are not good.

The table makes one thing clear — the odds are not great. Every prize is paid out tax-free. For bondholders who pay tax, that gives some advantage to the investment. However, despite the overall return on investment being 1. Bonus Bonds states the annual return is around 1. So, almost every bond wins nothing or at best, next to nothing, with their investment. Estimated cash prizes won over one year with average luck. Assumptions: 1 Chance of winning: 1 in 25, per draw source: Bonus Bonds November disclosure 2 Annual chance of winning: 1 in i.

You can increase your odds The only way to increase your chances of winning is to buy more bonds — the more you hold, the greater the odds. Despite rumours and urban myths, newer or older bonds have an equal chance of winning in a monthly cash draw.

The retailer should also be processing the Bonusbond gift card as a magstripe Mastercard prepaid card NOT as a gift card. Begin typing your search term above and press enter to search. Press ESC to cancel. Skip to content Home Miscellaneous Where can you use bonus bonds vouchers? Esther Fleming October 15,