40 million quid lottery winners...

MarcoM

The UK has again a Euromillions lottery winner, this time for 40 million.

Now should these guys trust one independent financial adviser or should they be looking at a team of IFA?

Also how the hell do you invest 40 million quid and keep on top of it personally?

I am completely ingnorant on investments but if I won that sort of money I would invest 50 to 70% of it in property deals around the world in different markets, 20% in shares / equities and the rest bonds and cash.

I guess there are tier "A" IFAs for the likes of footballers, actors etc etc. I guess their phones will be ringing today.....:beer:
i would be curious to know hoe the IFA that contribute to this board would spread such a massive fund.

ses6jwg

Personally, if I won that kind of money I wouldn't be in the UK long enough to be considered a taxpayer.

MarcoM

ses6jwg wrote: »

Personally, if I won that kind of money I wouldn't be in the UK long enough to be considered a taxpayer.

That would mean that you could live in the UK for 90 days a year.
make mine 90-90 = 0 days living in the UK.

Aegis

MarcoM wrote: »

The UK has again a Euromillions lottery winner, this time for 40 million.

Now should these guys trust one independent financial adviser or should they be looking at a team of IFA?

Also how the hell do you invest 40 million quid and keep on top of it personally?

I am completely ingnorant on investments but if I won that sort of money I would invest 50 to 70% of it in property deals around the world in different markets, 20% in shares / equities and the rest bonds and cash.

I guess there are tier "A" IFAs for the likes of footballers, actors etc etc. I guess their phones will be ringing today.....:beer:
i would be curious to know hoe the IFA that contribute to this board would spread such a massive fund.

Depends what they wanted to do with it. Most people with that much money aren't so concerned about getting growth, they're more worried about the £16 million inheritance tax bill that HMRC will try to take from their estate. As such, there's usually quite a lot of gifting, establishment of trusts and setting up of whole of life insurance plans for clients like that.

As for investing the money, that would depend on the client. Aside from the bog standard investments into shares, unit trusts and OEICs, more complex tax wrappers can be considered (offshore bonds can be quite useful for UHNW individuals). Certain other offshore arrangements (non-UK pensions, for example) can be useful for growth and also help to deal with the inheritance tax issue. Then there are the tax avoidance schemes, VCTs, EISs, BPRAs, etc.

In short, lots of stuff to think about, and certainly worth bringing in experts in each field rather than trying to handle it all as a sole agent for the client.

atush

MarcoM wrote: »

The UK has again a Euromillions lottery winner, this time for 40 million.

Now should these guys trust one independent financial adviser or should they be looking at a team of IFA?

Also how the hell do you invest 40 million quid and keep on top of it personally?

I am completely ingnorant on investments but if I won that sort of money I would invest 50 to 70% of it in property deals around the world in different markets, 20% in shares / equities and the rest bonds and cash.

I guess there are tier "A" IFAs for the likes of footballers, actors etc etc. I guess their phones will be ringing today.....:beer:
i would be curious to know hoe the IFA that contribute to this board would spread such a massive fund.

The last think I would do with 40M is put 70%into property around the world. In areas I knew nothing abt, being ripped off left right and center from the price to the running costs etc. Silly. I would however invest in markets I knew very well to a much smaller extent, and would even buy and redevelop.

I agree I would be looking at tax/inheritance planning, setting up a charitable trust which I would run, and investing into cash, equities, bonds etc.

So you really need not just IFAs but a panel of a tax specialist, IFA, solicitor, acct etc. And be prepared to knock back your bank after you deposit your funds as they will sick one of their tied wealth managers at you ;-)

IronWolf

Id definitely consult an IFA over tax and inheritance issues. But I wouldn't get any advice on investing it, I'd rather just do it myself. Id put around £5m somewhere safe, probably spread between banks with strong balance sheets, or perhaps just in cash in a deposit box. Id do this not for the return, but just to secure me financially in case the worst happened with the rest of my fortunes.

(under normal circumstances Id have this in government bonds or gold, but theyre both too over priced at the moment Id risk capital loss)

Id also buy a nice flat in central london, and a nice country manor.

Then the fun part, the rest I'd invest in equities, probably using an IFA to advise on good tax avoidance etc but I would still live in the UK so would probably still pay my fair share. Id manage it pretty much the same as I manage my portfolio now, except would probably be a tad more diversified and could spend a lot more time researching companies as I wouldnt have a job.

I'd also get a lot of dogs and spend a few hours a day playing about with them when at my country manor.


...one day...

Mikeyorks

They're 'introduced' to Coutts as part of the handover package. So - sensibly - they allow them to 'stay on top of it'? And the tax efficiency - and the IHT planning etc.

greenface

Protect more than invest and do very very little except have a decent charity i could help out both time & money

IronWolf

chads123 wrote: »

and what about your partner?:rotfl::T

Id let her live rent free, as long as she put half towards the bills

Suarez

I'd draw it out in cash and put it under my mattress.

talexuser

Suarez wrote: »

I'd draw it out in cash and put it under my mattress.

If you drew it out in cash, you could make a mattress