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The Prize Bond Company is a joint venture between the founders An Post and FEXCO and is based in Killorglin, County Kerry.The company was created in 1989 with issued share capital between the founders of 50% each and will operate the scheme under its current (as of 2011) contract until the end of 2019.
The bonds are entered in a monthly prize draw and the government promises to buy them back, on request, for their original price. The government pays interest into the bond fund (4.15% per annum in December 2024 but decreasing to 4% in January 2025) [ 1 ] from which a monthly lottery distributes tax-free prizes to bondholders whose numbers are ...
National Savings and Investments (NS&I), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department [ 2 ] and an executive agency of HM Treasury . [ 3 ]
11 March – Prize Bonds were introduced; the Bank of Ireland operated the scheme on behalf of the Minister for Finance. May–September – Fethard-on-Sea Ne Temere boycott: a Roman Catholic priest and some of his parishioners organised a boycott of Protestant-owned local businesses. [5]
Premium bonds are an investment product from the National Savings and Investment (NS&I), which is owned by the government. Each month, millions of savers are entered into a prize draw to win cash ...
Oliver Cromwell's Postal Act of 1657 created a combined General Post Office for the three kingdoms of Ireland, Scotland, and England; the position was affirmed by Charles II and his parliament by the Post Office Act 1660 (12 Cha. 2. c. 35). [2] As of 2020, An Post remains one of Ireland's largest employers but it has undergone considerable ...
[3]: 68 On another occasion, in 1994, he was commissioned to produce stamps commemorating five Irish Nobel Prize winners; four were released but the fifth was cancelled when the Irish postal service, An Post, belatedly realised that the subject, physicist Ernest Walton, was still alive.
Rather than focusing on a self-sufficient Ireland, Sweetman enacted policies that would make Ireland a net exporter. In his first budget in 1955, he introduced a scheme whereby a tax exemption was provided for exported goods. He also established the Prize Bonds programme as a means of reducing the national debt. This debt was worrying in the ...