Cotswold
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- Dec 31, 2020
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I see that NS&I are reducing the odds of a win by 5% from April 26 and reducing the interest rate payout from 3.6% to 3.3%.
This is when interest rates are held or rising outside their little world. I don't know about anyone else but I reckon that the prizes started to reduce in 2024 and that reduction accelerated considerably in 2025. So just another stealth tax imposed which will not be lifted anytime soon. In fact I'd expect it to be quietly reduced even further as obfuscation is easy. Although wins are tax free, it is approaching where they are not worth bothering with. If it hasn't already passed that point.
Not to mention that at the start the £1m wins would have been life changing but now would probably only help things along.
This is when interest rates are held or rising outside their little world. I don't know about anyone else but I reckon that the prizes started to reduce in 2024 and that reduction accelerated considerably in 2025. So just another stealth tax imposed which will not be lifted anytime soon. In fact I'd expect it to be quietly reduced even further as obfuscation is easy. Although wins are tax free, it is approaching where they are not worth bothering with. If it hasn't already passed that point.
Not to mention that at the start the £1m wins would have been life changing but now would probably only help things along.