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The same is true for subsequent annual earnings statements through 2010.

The breakdown of prizes ensures that each bond has 13 opportunities to win a prize each month - 156 over the course of a year.

TAX STATUS: Interest is paid gross from 6 April 2016 due to the introduction of the Personal Savings Allowance (PSA).

You will need to declare any income from savings interest earned over your PSA through a self-assessment tax return to HM Revenue & Customs MONTHLY PRIZE DRAW: Each qualifying bond is entered into a free draw for a set of monthly prizes: 10 x £1,000, 2 x £10,000 and 1 x £50,000 This account is available for operation by Third Parties, Attorneys and Deputies.

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