You Win £80m On The Lottery Tonight?

What are your answers to the 4 questions below and why?

 

1. Would you go public and receive the big cheque?
   
2. What would be the very first thing you did after receiving the money?
   
3. How much would you give away to charity/friends?
   
4. What would be your big major indulgence? (house, boat, Bugatti)
   

Note:- Before the typical SF members come on and say "I dont do the lottery cause its just a way for the government to tax the poor" etc

 

 

Its just a bit of fun, you dont have to participate.

 

---------- Post added 09-06-2015 at 11:00 ----------

 

I'll go first...

1. I would not go public.....i really dont understand those people who do
   
2. I would book and trip to the Maldives and not tell anyone to give myself 2 weeks to figure out my next move.
   
3. Id give £10m away to family/friends/charity
   
4. Id buy a big house in Alderley Edge for around £4m
   

 

Generally, i think id spend the next few years travelling and enjoying the high-life.

What are your answers to the 4 questions below and why?

 

1. Would you go public and receive the big cheque?
   
2. What would be the very first thing you did after receiving the money?
   
3. How much would you give away to charity/friends?
   
4. What would be your big major indulgence? (house, boat, Bugatti)
   

Note:- Before the typical SF members come on and say "I dont do the lottery cause its just a way for the government to tax the poor" etc

 

 

Its just a bit of fun, you dont have to participate.

 

No -I wouldn't go public

The first thing I would do is retire - it is an option now but I am hesitating because of the financial risk

I would give more of it away to my family than I keep for myself and I would give some to my favourite charities

Major indulgence would be houses for my kids since they have no chance of getting on the property ladder as they are.

 

---------- Post added 09-06-2015 at 11:02 ----------

Edited June 9, 2015 by Daven

I wouldn't go public personally.

 

Saw a documentary on it a while ago, alot of people that go public get inundated with 'begging letters'.

 

Every sod trys it on with some kind of sob story, just to get a few quid from them.

What are your answers to the 4 questions below and why?

 

1. Would you go public and receive the big cheque?
   
2. What would be the very first thing you did after receiving the money?
   
3. How much would you give away to charity/friends?
   
4. What would be your big major indulgence? (house, boat, Bugatti)
   

Note:- Before the typical SF members come on and say "I dont do the lottery cause its just a way for the government to tax the poor" etc

 

 

Its just a bit of fun, you dont have to participate.

 

---------- Post added 09-06-2015 at 11:00 ----------

 

I'll go first...

1. I would not go public.....i really dont understand those people who do
   
2. I would book and trip to the Maldives and not tell anyone to give myself 2 weeks to figure out my next move.
   
3. Id give £10m away to family/friends/charity
   
4. Id buy a big house in Alderley Edge for around £4m
   

 

Generally, i think id spend the next few years travelling and enjoying the high-life.

 

1 - No way!

2 - Clear my debts and the debts of my family and close friends including the mortgages.

3 - Pass, I decide after I'd sat down with a financial adviser. That's not including what I'd do for No.2 above

4 - Buy something small in Manhattan.

1. Would you go public and receive the big cheque?
   
2. What would be the very first thing you did after receiving the money?
   
3. How much would you give away to charity/friends?
   
4. What would be your big major indulgence? (house, boat, Bugatti)

(1) Never.

 

(2) Offshore it, then clear any and all outstanding finance of family and close friends. Anonymously.

 

(3) Each family member and close friend would be made a non-exec director of a Luxembourg holding company and receive an annual salary, big enough not to worry about future days, small enough not to get into trouble (say £50k). For life. Again, anonymously (they wouldn't ever know I owned the holding and appointed them).

 

(4) Time off. Then 'get to work' on the family home in France, with modernisation throughout, duplex in attic, landscaping, swimming pool etc. - the works.

Edited June 9, 2015 by L00b

What are your answers to the 4 questions below and why?

 

1. Would you go public and receive the big cheque?
   
2. What would be the very first thing you did after receiving the money?
   
3. How much would you give away to charity/friends?
   
4. What would be your big major indulgence? (house, boat, Bugatti)
   

Note:- Before the typical SF members come on and say "I dont do the lottery cause its just a way for the government to tax the poor" etc

 

 

Its just a bit of fun, you dont have to participate.

 

---------- Post added 09-06-2015 at 11:00 ----------

 

I'll go first...

1. I would not go public.....i really dont understand those people who do
   
2. I would book and trip to the Maldives and not tell anyone to give myself 2 weeks to figure out my next move.
   
3. Id give £10m away to family/friends/charity
   
4. Id buy a big house in Alderley Edge for around £4m
   

 

Generally, i think id spend the next few years travelling and enjoying the high-life.

 

Not go public.

Retire, immediately followed by hiring an accountant/financial adviser to help me sensibly manage the money.

Probably about 50 to 60% to close relatives, for them to trickle down to less close relatives (or probably direct to the less close relatives on behalf of the close relatives in order to minimize inheritance tax risks - here's where the financial adviser earns his/her keep). Probably about 10% to charity - again using the financial adviser's expertise.

A new house and a holiday home. Holiday home still in the UK and within easy reach of home for weekends and small school holiday breaks. But neither would be excessively luxurious - well under £1m for the pair. The rest would be invested long term and safely in a wide variety of risk free investments to provide a financially worry free retirement for me and my wife, and long term financial security for our daughter.

What are your answers to the 4 questions below and why?

 

1. Would you go public and receive the big cheque?
   
2. What would be the very first thing you did after receiving the money?
   
3. How much would you give away to charity/friends?
   
4. What would be your big major indulgence? (house, boat, Bugatti)
   

Note:- Before the typical SF members come on and say "I dont do the lottery cause its just a way for the government to tax the poor" etc

 

 

Its just a bit of fun, you dont have to participate.

 

---------- Post added 09-06-2015 at 11:00 ----------

 

I'll go first...

1. I would not go public.....i really dont understand those people who do
   
2. I would book and trip to the Maldives and not tell anyone to give myself 2 weeks to figure out my next move.
   
3. Id give £10m away to family/friends/charity
   
4. Id buy a big house in Alderley Edge for around £4m
   

 

Generally, i think id spend the next few years travelling and enjoying the high-life.

 

I'd go public I think. Trying to keep it a secret would be basically impossible, so why bother.

Quit work, close up company, have a party for all my friends, on me of course.

I've got a spreadsheet somewhere that says how much % to give to various people. Decided in advance you see when it's easy to do because it's just theoretical. Obviously I only get 50% of the win, the wife gets the other 50%, and I think I decided that 10% of my share gets given to friends and family. So that's 4 million that gets split between F&F.

So I've got £36 million left in my share. I'd set up 25 million for future income, which leaves me 11 million to spend :-)

New house, still in the Sheffield area, peak district probably. New car, maybe 2. Holiday, with selected friends and family invited if they can take the time off. Can't think of anything else that I'd be in a rush to buy/do.

 

The 25 million, if it returns 4%, makes an annual income of 1 million, and the wife should have a similar income. If we didn't spend all of that then the capital should (at current rates) at least not be eroded by inflation.

 

 

---------- Post added 09-06-2015 at 11:36 ----------

 

(1) Never.

 

(2) Offshore it, then clear any and all outstanding finance of family and close friends. Anonymously.

 

(3) Each family member and close friend would be made a non-exec director of a Luxembourg holding company and receive an annual salary, big enough not to worry about future days, small enough not to get into trouble (say £50k). For life. Again, anonymously (they wouldn't ever know I owned the holding and appointed them).

You don't think they'd be concerned about money appearing in their bank accounts? (How would you get their bank account details).

Or that they'd just figure it out?

 

---------- Post added 09-06-2015 at 11:42 ----------

 

Not go public.

Retire, immediately followed by hiring an accountant/financial adviser to help me sensibly manage the money.

Probably about 50 to 60% to close relatives, for them to trickle down to less close relatives (or probably direct to the less close relatives on behalf of the close relatives in order to minimize inheritance tax risks - here's where the financial adviser earns his/her keep).

Anything above 3k given as a gift will still be counted in your estate if you die within 7 years. If you don't die, then it's irrelevant, give as much as you want to whoever you want with no liability.

Edited June 9, 2015 by Cyclone

You don't think they'd be concerned about money appearing in their bank accounts? (How would you get their bank account details).

I only gave the brief answer, this is just a fun thread, not a inquiry

 

Letters would be sent on letterhead with employment contracts, via a local law firm that can be contacted for queries about the contract and client (but which is instructed to keep schtum about their instructor).

Or that they'd just figure it out?

They can always ask. And I can always tell them that I too got a letter and employment contract and that no, I don't have a clue either...but I'm certainly avin'it Edited June 9, 2015 by L00b

I wouldnt go public.

Id split it 4 ways.

25% each to my 3 fave charities.

The remaining 25% would be split equally amongst family.

Id then buy myself a nice house in a nice street and be happy

I only gave the brief answer, this is just a fun thread, not a inquiry

 

Letters would be sent on letterhead with employment contracts, via a local law firm that can be contacted for queries about the contract and client (but which is instructed to keep schtum about their instructor).

They can always ask. And I can always tell them that I too got a letter and employment contract and that no, I don't have a clue either...but I'm certainly avin'it

 

Hmm, might work.

 

Or they might just refuse it as being way too suspicious and odd.

I'd go public I think. Trying to keep it a secret would be basically impossible, so why bother.

Quit work, close up company, have a party for all my friends, on me of course.

I've got a spreadsheet somewhere that says how much % to give to various people. Decided in advance you see when it's easy to do because it's just theoretical. Obviously I only get 50% of the win, the wife gets the other 50%, and I think I decided that 10% of my share gets given to friends and family. So that's 4 million that gets split between F&F.

So I've got £36 million left in my share. I'd set up 25 million for future income, which leaves me 11 million to spend :-)

New house, still in the Sheffield area, peak district probably. New car, maybe 2. Holiday, with selected friends and family invited if they can take the time off. Can't think of anything else that I'd be in a rush to buy/do.

 

The 25 million, if it returns 4%, makes an annual income of 1 million, and the wife should have a similar income. If we didn't spend all of that then the capital should (at current rates) at least not be eroded by inflation.

 

 

---------- Post added 09-06-2015 at 11:36 ----------

 

You don't think they'd be concerned about money appearing in their bank accounts? (How would you get their bank account details).

Or that they'd just figure it out?

 

---------- Post added 09-06-2015 at 11:42 ----------

 

Anything above 3k given as a gift will still be counted in your estate if you die within 7 years. If you don't die, then it's irrelevant, give as much as you want to whoever you want with no liability.

 

Re bib. My thoughts were that if I gave a lump sum to my (fairly elderly) brothers for them to trickle down to their kids and grand kids, there are lots of people in the chain who could potentially die and incur inheritance tax, If I were to give it directly to his kids and grand kids in line with his wishes, then inheritance tax only depends on whether or not I die. Although I'll probably wait until I win before I bother sorting out all the details.

 

Also, I'd better remember to buy a ticket sometime today.

 

I'd better make sure I remember my Sheffield Forum password for when I try to log on from somewhere in the Maldives on Wednesday evening.

 

1. Would you go public and receive the big cheque?
   
2. What would be the very first thing you did after receiving the money?
   
3. How much would you give away to charity/friends?
   
4. What would be your big major indulgence? (house, boat, Bugatti)
   

 

 

I am destined to win this one day, I keep dreaming about it so it must be true, thus I planned it:

 

I will not go public. I don't see the point in alerting half the worlds vultures and crows.

 

When I receive the money I will sit down with my other half and discuss how to secure our long term future with half of it, where to spend quarter of it on luxuries (as discussed below) and decide how the other quarter can be put into a charitable fund to aid our family and loved ones as well as fund a PhD studentship for the long term.

I would not give away any of the actual cash, the charitable fund's interest would have to satisfy their requests - however, the charity could take the shape of a property portfolio that they could rent from at a significant discount.

 

So, the indulgence: An estate in Scotland with room for staff and visiting friends/family and with direct access to the sea/ocean and mooring for at least 3 vessels. A 40 to 50-foot Ocean Sailer to explore the globe, a 35 foot motor-cruiser capable of sailing the Frisian lakes (no more draft than 1.3 meters, would have to be a vlet of some sort, this could stay in Friesland permanently in a boathouse there) and a coastal boat to take out for fishing trips, dolphin and orca spotting and the like.