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I won the lottery and want to know how to best invest it

2

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  • Albermarle
    Albermarle Posts: 27,578 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Was hoping someone would suggest investing a £167,000,000 Euromillions win into Vanguard LS60 with iWeb

    Plus at least earned income into a pension to get the tax relief:)
  • jamei305 wrote: »
    Was hoping someone would suggest investing a £167,000,000 Euromillions win into Vanguard LS60 with iWeb :money:
    Maybe split equally between VLS40 and VLS80 to manage risk?
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
  • Woodford funds have been doing well lately so maybe go all in?
  • Albermarle wrote: »
    Plus at least earned income into a pension to get the tax relief:)


    The important thing to remember is that even if they give up work, they can still contribute £2880 per year to a SIPP and receive £720 tax relief. Also worth considering a LISA, especially if they haven't bought their first home yet.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Maybe split equally between VLS40 and VLS80 to manage risk?


    Or just get vls60 ?????


    Mind you VLS is grossly overhyped here.
  • bowlhead99
    bowlhead99 Posts: 12,295 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Post of the Month
    AnotherJoe wrote: »
    jamei305 wrote: »
    Was hoping someone would suggest investing a £167,000,000 Euromillions win into Vanguard LS60 with iWeb :money:
    Maybe split equally between VLS40 and VLS80 to manage risk?

    Or just get vls60 ?????

    Mind you VLS is grossly overhyped here.
    I assume the 'split it equally between VLS40 and VLS80' was every bit as serious as the suggestion to put the whole 167 million in VLS60 (i.e. not at all, because both would be damaged by fraud or negligence in the underlying investments and any FSCS protection is capped per management company and platform rather than per fund).

    For nerd points, it would perhaps be more tax efficient to get VLS100 and VLS20 than either the 60 or the 80 and 40, due to the inefficiencies of receiving interest income through mixed asset funds which pay dividends (something that 20 and 100 avoid).
  • jamei305 wrote: »
    Was hoping someone would suggest investing a £167,000,000 Euromillions win into Vanguard LS60 with iWeb :money:

    Half in LS60 and the other half split between 983 different banks to avail of FSCS protection.
  • iglad
    iglad Posts: 222 Forumite
    Part of the Furniture 100 Posts Photogenic
    I find it really awkward and almost embarrassing to talk about this but I won the lottery nearly a year ago and I still have not done anything significant except take my sisters and mum on holiday.

    I've accrued a nice amount of interest which I am also not doing anything with. I still do my regular job and I don't want to quit which I guess has made it harder to actually invest the money. I considered property investing but I wouldn't even know where to start. We grew up fairly working class borderline underclass and I just feel so scared that if I start spending the money it will all be gone soon.

    Thanks for any advice
    I don't believe you won the lottery as the lottery people arrange meetings with financial advisers, who provide you with help and advice.
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 20 September 2019 at 2:19PM
    jamei305 wrote: »
    The important thing to remember is that even if they give up work, they can still contribute £2880 per year to a SIPP and receive £720 tax relief. Also worth considering a LISA, especially if they haven't bought their first home yet.

    All shockingly bad advice because they should be doing a Lewis Hamilton and leaving the country immediately. :)

    If they've won £166 million, every tax consideration pales into insignificance next to their ~£66m Inheritance Tax liability.

    All practical considerations are irrelevant if you've got £166m.

    [STRIKE]Eking £720 tax relief out of the Government while ignoring the £66,000,000 Sword of Damocles they're holding over your head is bonkers. Especially as you will pay £1,215 to get that money back out of the pension as your investment / savings income will make you a 45% taxpayer. [/STRIKE]
  • Malthusian wrote: »
    All shockingly bad advice because they should be doing a Lewis Hamilton and leaving the country immediately. :)

    If they've won £166 million, every tax consideration pales into insignificance next to their ~£66m Inheritance Tax liability.

    All practical considerations are irrelevant if you've got £166m.

    Eking £720 tax relief out of the Government while ignoring the £66,000,000 Sword of Damocles they're holding over your head is bonkers. Especially as you will pay £1,215 to get that money back out of the pension as your investment / savings income will make you a 45% taxpayer.

    A 45% taxpayer would get more tax relief in the first place - £1,620 on a gross £3,600 I think.
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