From 1 November 2015, a maximum holding limit applies to the holding of Prize Bonds not already registered in your name prior to that date. This maximum holding limit is €250,000 (i.e. 40,000 Prize Bonds) per individual/applicant or €500,000 (i.e. 80,000 Prize Bonds) in respect of joint holdings by two individuals.
Applications to purchase Prize Bonds which would cause your cumulative holding to exceed the maximum limit will be refused.
It should be noted that this limit applies on or after 1 November 2015 and is not retrospective. There is no limit on the holding of Prize Bonds which were registered in your name prior to 1 November 2015 – these Prize Bonds will not be taken into account in any assessment of your overall holding. To give a practical example, an existing holder that holds 8,000 Prize Bonds (worth €50,000) purchased before 1 November 2015 can continue to purchase further Prize Bonds up to the value of €250,000.
Certain exemptions apply to the maximum holding limit, details of which can be found here.
If I encash existing Prize Bonds and purchase new Prize Bonds, will this count towards my maximum limit?
Yes it will. The newly purchased Prize Bonds will be registered in your name on or after 1 November 2015 and therefore will be subject to the maximum limit of €250,000 (i.e. 40,000 Prize Bonds) per individual or €500,000 (i.e. 80,000 Prize Bonds) in respect of a joint holding by two individuals which applies to Prize Bonds registered in your name on or after 1 November 2015.
Is there a limit on the value of Prize Bonds that I can buy in a single transaction?
Prize Bonds are sold in units of €6.25 each. The minimum purchase in any single transaction is €25 (i.e. 4 Prize Bonds) and the maximum purchase in any single transaction is €250,000 (i.e. 40,000 Prize Bonds) per individual/applicant or €500,000 (i.e. 80,000 Prize Bonds) in a joint purchase by two individuals.