National savings bonds belonging to the Adult, Individuals in the Household or the Family (Benefit Unit)

Dataset: Family Resources Survey (Adult, Individual, Family (Benefit Unit), Household)

Field: National savings bonds belonging to the Adult, Individuals in the Household or the Family (Benefit Unit)

Description

Whether the adult or individuals in a household or a family (benefit unit) have any national savings bonds, as reported by FRS respondents, where:

All individuals who are aged 16 and over are classified as an adult, unless the individual is defined as a dependent child. All adults in the household are interviewed as part of the FRS.
A household consists of one person living alone or a group of people (not necessarily related) living at the same address, who share cooking facilities and share a living room or sitting room or dining area. A household will consist of one or more benefit units.
A family (benefit unit) may consist of: a single adult, or a married or cohabiting couple, plus any dependent children. Same-sex partners (civil partners and cohabitees) have been included in the same benefit unit since January 2006.
All types of National Savings investments in the category 'National savings bonds' are collected on the survey, except Easy Access and Investment accounts:

Fixed Rate Savings Bonds: replaced new issues of FIRST Option Bonds.
National Savings Certificates: yield earnings in either a fixed or index-linked manner, for lump sum savings of £100 or more. Maximum earnings are obtained after five years and interest on investments is tax free.
National Savings Income Bonds: minimum purchase is £2,000 and a maximum holding of £250,000; interest is paid monthly, and is gross of tax.
Children's Bonus Bonds: can be bought for any child aged under 16 as a five-year accumulating investment; interest is paid gross of tax.

Classification

Applicable to: all adults or all individuals in a household or a family (benefit unit).

Total number of categories: 3

Quality Statement

Further information can be found in the FRS Background Note and Methodology here.