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I won the lottery and want to know how to best invest it
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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:)0 -
Was hoping someone would suggest investing a £167,000,000 Euromillions win into Vanguard LS60 with iWeb :money:"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 Einstein0
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Woodford funds have been doing well lately so maybe go all in?0
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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.0 -
Clive_Woody wrote: »Maybe split equally between VLS40 and VLS80 to manage risk?
Or just get vls60 ?????
Mind you VLS is grossly overhyped here.0 -
AnotherJoe wrote: »
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).0 -
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spinachandaubergine wrote: »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 advice0 -
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]0 -
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.0
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