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Lottery Winner - Hypothetical Question

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  • bfgun
    bfgun Posts: 238 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Lith wrote: »
    £156 Million in my account.. i'll probs still draw out £10 each week... be a tight b@stard :rotfl:

    It'll only take you 300,000 years to spend assuming no interest / tax!!
  • Lith
    Lith Posts: 897 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    bfgun wrote: »
    It'll only take you 300,000 years to spend assuming no interest / tax!!

    With 156 Mil in my account... i don't think i'll care hehe :j
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  • pcombo
    pcombo Posts: 3,429 Forumite
    I would have no one in this world tell me how to "use" the winnings if i won.

    I would rather give 300k-400k to animal charties, OR even start my own charity for animals.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    edited 3 July 2011 at 1:31PM
    Someone who did win a large UK lottery amount went public some years ago about the circa £400,000 in fees which the financial advisers sent by Camelot (aka those who paid Scamalot the most in kickbacks) wanted to charge him for this supposed "advice".

    No doubt they will have some rip off artists "advising" the hopeless sap who wins it, hoping to stick him with some huge fee commission.
    £400k could be a bargain compared to the amount you will end up paying in different taxes if you make the wrong decisions yourself.

    I am referring to that in the context of £100m + though.
  • StephenM_2
    StephenM_2 Posts: 373 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    bfgun wrote: »
    That's my point. If it's all in the bank and the bank goes bust so does your money except for £85,000!

    Presumably before I could spread the money around I'd have to pass it through my existing current account. Murphy's Law says that's exactly the moment when my bank would go bust.
  • Azrael_1701
    Azrael_1701 Posts: 450 Forumite
    StephenM wrote: »
    Presumably before I could spread the money around I'd have to pass it through my existing current account. Murphy's Law says that's exactly the moment when my bank would go bust.

    With that amount of money being paid in i doubt it, its far more likely going to go bust when you withdraw it :)
    100% G33K
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  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Got my 4 lucky dips for tonight :D
  • Person_one
    Person_one Posts: 28,884 Forumite
    Tenth Anniversary 10,000 Posts Combo Breaker
    opinions4u wrote: »
    brb ... need to Google "Rosie Jones".

    EDIT: That's rather easy on the eye.


    The golfer?
  • robpw2
    robpw2 Posts: 14,044 Forumite
    Part of the Furniture Combo Breaker
    if i won i would give to those who have lost their jobs at Bombardier a share - i would keep about £10 mill for me and the rest would go to charity and i might even set up my own charity to help those who are on incapacity benefit and want to get back to work but find it incredibly difficult


    Slimming world start 28/01/2012 starting weight 21st 2.5lb current weight 17st 9-total loss 3st 7.5lb
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  • splashproof
    splashproof Posts: 152 Forumite
    I'd would rent my house out free to the worst chav in the world to annoy the 2nd worst chav in the world. I would also supply the PA system used at Glastonbury Festival for my new tenants enjoyment.

    Meanwhile I would set up a private school called 'Chav's not allowed' and only allow entry to kids from poor backgrounds who want to learn. Then I would buy a 200 acre field and build a house in the middle in order to live a chav free existance.

    I would then pay for 200 police officers to go around and find every uninsured car in a 2mile radius for entry into my new crusher machine called 'Chav car crusher inc'.

    I would then buy the rights to the word 'Chav & 'innit', then use the profits to build an housing estate in the middle of the north sea (including a Lidl and Aldi) and offer all the chavs a free bottle of White Lightning cider to move in. That should fill 5000 dwellings in 23 minutes.

    Hopefully, life will be a bit quieter and I can listen to children and teenagers talking about music, culture, girlfirends without the word innit mentioned once. No baseball caps, no sports and soccer clothing and no moorons with zits pushing 20 sprogs around in a single pushchair telling their kids to F---ing shuddup
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