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In contrast, BP, despite a decline of 18.6%, provided the highest single payout of the month at £360 due to its 6.4% dividend.

Premium Bonds Overview

Shifting focus to premium bonds, where the prize rate now stands at 4%. December saw me collect a total of £175 from three prizes, though I lamented not hitting the jackpot of a million.

Total Passive Income

In conclusion, my total passive income for December reached a solid £2,160. However, the tax implications inevitably make their appearance. Due to exceeding the non-ISA dividend allowance of £500, I had to pay £45 in taxes this month.