Premium Bonds

[bobbytwoshoes]

Can any one tell me if there is any law preventing me registering my National Savings & lnvestments premium bonds in Thailand as NS&l have advised me to make sure there are no local law or regulations or tax liabilities here in Thailand.

[GuestHouse]

I can't see that it would be against Thai law, but I do question why you would want to do such a thing.

I foresee two problems.

1. If you win (and lets assume for the moment you win big) then having a large amount of money shipped to Thailand and subject to the ever changing Thai laws with respect to what you can and cannot do with your own money, seems to me not such a good idea.

2. When you die, and most people who hold premium bonds do so for life, you will be placing all sorts of obsticles in the way for sorting out the payment of the money in bonds.

I of course do not know if you have family or friends in the UK or indeed an address of your own in the UK. But I would always advise leaving investments fully controlled within the UK and under the much more predictable and safe UK laws.