§ Lord Marlesford
asked Her Majesty's Government:
How many holders of premium bonds hold the maximum holding of £20,000; when this maximum was fixed; what it would be today if the original figure were adjusted for inflation; and whether they will increase the figure. [HL3837]43WA
§ Lord McIntosh of Haringey
At 9 April 2002, there are currently 304,100 premium bond holders who have the maximum amount invested. The holding limit for premium bonds is £20,000. It was increased from £10,000 to £20,000 on 13 April 1993. Using the "all Items RPI", the limit adjusted for inflation would be £24,822.19. We keep the holding limit under review, but there are currently no plans to increase it.