NTMA Savings

I

Irlanda

Registered User
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Hi Re 4 year National Solidarity Bonds Could anyone clarify the maximum sum that can be invested per person. On this site the maximum quoted is 250k per person. on the application form it is 120k per person. Many Thanks
 
My understanding is that it's €120k per person which advisors sometimes describe as €240k per couple.
 
Thanks Gordon but my uncertainty is due to the details on this site which gives the maximum as 250k per person 500k per couple with a maximum of 750k for 3
 
The explanation is that for previous issues of the NSB, the maximum holding per issue was 250k per person or 500k for a couple. Then the NTMA changed the max holding to 120k/240k per issue.

Remember that the max holdings are per issue. A single person can have 250k in issue 1 + 250k in issue 2 etc. etc. + 120k in the current issue.
 
Can somebody help me?
What happens if a couple both jointly have the maximum invested ie €240,000 and one of them dies.
The survivor is now over the maximum per person.
 
rayn said:
Can somebody help me?
What happens if a couple both jointly have the maximum invested ie €240,000 and one of them dies.
The survivor is now over the maximum per person.
Click to expand...

See part 3 below. In your case, it seems as though nothing will happen, the survivor inherits the savings and now has 240k which will then be allowed to mature as per the terms and conditions at time of purchase. However they won't be able to purchase any more of that issue and when the time comes to reinvest, I think they will only be able to reinvest 120k of their 240k.

8. Maximum Holding
(1) No person shall at any time hold or have any interest in Savings Certifi-
cates with an aggregate purchase price of more than €120,000 (the “maximum
personal holding”).

(2) In the case of a joint holding of Savings Certificates by two or more per-
sons, such holding may include Savings Certificates of an aggregate purchase
price of not more than €120,000 multiplied by the number of persons jointly
holding the Savings Certificates, provided always that each holder shall not
thereby exceed the maximum personal holding.

(3) Inherited Savings Certificates shall not be taken into account for the pur-
poses of this Rule except where the person holding such Savings Certificates
purchases or seeks to purchase further Savings Certificates after the date of
the inheritance.
 
The Ghoul said:
See part 3 below. In your case, it seems as though nothing will happen, the survivor inherits the savings and now has 240k which will then be allowed to mature as per the terms and conditions at time of purchase. However they won't be able to purchase any more of that issue and when the time comes to reinvest, I think they will only be able to reinvest 120k of their 240k.

8. Maximum Holding
(1) No person shall at any time hold or have any interest in Savings Certifi-
cates with an aggregate purchase price of more than €120,000 (the “maximum
personal holding”).

(2) In the case of a joint holding of Savings Certificates by two or more per-
sons, such holding may include Savings Certificates of an aggregate purchase
price of not more than €120,000 multiplied by the number of persons jointly
holding the Savings Certificates, provided always that each holder shall not
thereby exceed the maximum personal holding.

(3) Inherited Savings Certificates shall not be taken into account for the pur-
poses of this Rule except where the person holding such Savings Certificates
purchases or seeks to purchase further Savings Certificates after the date of
the inheritance.
Click to expand...


Thank you very much.
 
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