Gifted Money in ISA & Premium Bonds – Will It Stay Tax-Free?

Hi, My partner and I have just started the process of buying our first home, and part of our deposit will be a gift from my parents. From what I’ve found so far, gifted money should remain tax-free as long as it doesn’t generate taxable income. I plan to keep the funds in an ISA (since I still have some tax-free allowance left) and Premium Bonds until we complete the purchase. Would any interest or returns earned in these accounts count as taxable income? Many thanks!

Hi,
It is tax free.
Thank you.