National Savings and Investments (NS&I) have announced that to celebrate the 50th anniversary of Premium Bonds that there will be 5 chances to win £1m tax free in both December 2006 and July 2007 instead of the usual 2.

The number of other prizes stay remain the same and the odds of a £1,000 holding winning the jackpot is estimated to improve from 16m to 1, to 6.5m to 1. The odds of a £10,000 holding winning £1m go from 1.6m to 1, to 646,000 to 1.

The Premium Bond prize fund rate will increase from 3.15% to 3.3% tax free for the 2 draws and those who wish to take part must invest by 31st October for the December draw. The maximum individual holding for Premium Bonds is £30,000.

For a free independent assessment of your investments, whether you are maximizing your Tax Free allowances and how to invest into Tax Free Premium Bonds please contact Matthew Berry, Chartered Financial Planner of Park Row on 07968 013 895, 01204 364484 or via email on matthew.berry@parkrow.co.uk