Martin Lewis has set out the rules over tax on Premium Bonds as he offered advice to a saver. The prize fund rate for Premium Bonds presently stands at 3.6 percent, with the chances of each £1 Bond scooping a prize at 22,000 to one. One advantage of the NS&I scheme is that all your winnings are tax-free, even for the bigger prizes such as £100,000, £50,000 or even the £1million jackpot. Since your winnings won't incur a HMRC bill , the scheme can be especially appealing for those who have