Can grandparents put £50k in Premium Bonds for my children, bank the prizes and gift them at 18?

1 week ago 1

I have two children. Their grandparents are in their 70s, and want to open Premium Bonds for the grandchildren, putting in the full £50,000 for each.

Source: https://www.dailymail.com/money/saving/article-15891605/Grandparents-want-50-000-Premium-Bonds-two-children-bank-prizes-good-strategy.html?ns_mchannel=rss&ito=1490&ns_campaign=1490

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