Investment

MIAMI, Florida — On Tuesday, a federal judge approved Puerto Rico’s exit from bankruptcy under the largest public-sector debt restructuring plan in US history, nearly five years after the financially beleaguered territory claimed it couldn’t pay its creditors. Hurricanes Irma and Maria, a series of earthquakes, and the coronavirus epidemic have only exacerbated Puerto Rico’s […]

When a Premium Bond holder passes away, the estate executor has the option of cashing the investment or keeping it in place. If the Premium Bonds are not cashed within the first 12 months, they are entered into the prize draw as usual. A nominated individual or the executor of the estate can claim any

Federal, state, and local taxes are not levied on bonds issued by the government of Puerto Rico and its subdivisions (so called “triple tax exemption”). Unlike other triple tax-exempt bonds, however, Puerto Rican bonds maintain their exemption independent of the bond holder’s location. This has made Puerto Rican bonds very appealing to municipal investors, who

Premium Bonds cannot be inherited or transferred to another person’s name in the same way as funds from bank accounts and savings accounts can. Instead, if you’re administering someone’s estate and need to deal with their Premium Bonds, you have two options. The first option is to sell them while they are still in the

Premium Bonds cannot be inherited or transferred to another individual if an NS&I customer dies. When a person dies, how do you cash in bonds? Don’t do anything. Until the bond matures, it will continue to receive interest. Our office will hold semi-annual interest payments and pay them when the bond is cashed. Reissue: Have

Have a large sum of money to set aside (the more bonds you have, the bigger your chance of winning a prize) Interest on savings is taxed (and have already used up your annual cash ISA allowance) The concept of a prize draw appeals to me (you could win big, but you also may not

So, if you buy bonds in January, they’ll be eligible for the March draw. If you’re transferring money from another savings account, do so in the last week of the month to minimize the amount of time the money isn’t generating interest and isn’t eligible for Premium Bonds. Are there any disadvantages to Premium Bonds?

Have a large sum of money to set aside (the more bonds you have, the bigger your chance of winning a prize) Interest on savings is taxed (and have already used up your annual cash ISA allowance) The concept of a prize draw appeals to me (you could win big, but you also may not

Have a large sum of money to set aside (the more bonds you have, the bigger your chance of winning a prize) Interest on savings is taxed (and have already used up your annual cash ISA allowance) The concept of a prize draw appeals to me (you could win big, but you also may not

This memorandum provides a summary of tax-exempt Private Activity Bond (formerly known as Industrial Development Bond) financing available under the Internal Revenue Code of 1986, as amended (the “I.R.C.”), including financing for manufacturing facilities, Section 501(c)(3) non-profit organizations, certain “exempt facilities,” and Enterprise Zones. This letter also discusses “Taxable Bond” funding and other incentives for