Premium Bonds can make a special gift for a child under 16. Until the child’s 16th birthday, the parent or guardian named on the application looks after the Bonds, regardless of who bought them. When the child turns 16, they’ll manage their own Bonds.
We’ll send confirmation of any transactions made, prizes won and payment for cashed-in Bonds to the nominated parent or guardian until the child is 16.
Buying for your own child
Parents or legal guardians can apply online, by phone or by post. If your child already has some Premium Bonds and you want to buy more online or by phone, you’ll need to be registered first. This could take a few days while we set up your registration.
The same child can have more than one nominated parent or guardian managing Premium Bonds for them. In this case, each nominated
parent or guardian will have a separate holder’s number for the child. The child must not hold more than £50,000 of Premium
Bonds in total.
Buying for someone else’s child
You can apply online or by post. You can ask us to send you an electronic or paper gift card for you to pass on to the child.
We’ll also send you an acknowledgement of your investment. But only the nominated parent or guardian will be able to manage
and cash in the Bonds.
Before you apply for someone else’s child:
- Remember, although you can buy Premium Bonds for someone else’s child as a gift, you won’t be able to look after the investment
on their behalf or have the Bonds to be repaid to you
- Please make sure the parent/guardian is happy to look after the investment for the child (until the child is 16), and agrees
to you giving us their details
- We'll check the identity and address of everyone named on your application, and we may need to ask for documents to prove
this
- Please let the parent/guardian know that we might be in touch to ask for evidence of identity documents
As part of your application you'll need to know:
- Your address and date of birth
- The child’s address and date of birth
- The parent/guardian’s address and date of birth
