[Closed] Winning the lottery and finishing work (hypothetical q)

If you're winning the lottery you'll have a specialist financial adviser involved.

tbh, any employment related tax that become due will be irrelevantly small in the scheme of things so just resign like you would if you were moving to another job.

Or is this some veiled Brexit reference?

Whether I handed my notice in or not would depend on how much I’d won/if I’d ever need to work again.

i wouldn’t be doing anything until the money was in my account, mind.

If won the lottery (proper big win) I wouldn't give two hoots about income tax or benefits. I would be skipping down the road to the bike shop, then cycling to the Land Rover dealership then driving to a travel agents.

I think if you win big on the lottery they provide advisors so you shouldn't **** up the basics like tax etc. Personally I can't envision any reason to delay handing in my notice, and I really wouldn't want to work that (3 months for me). There seems to be this myth that you should somehow show loyalty to your employers, but lets face it there is very little loyalty shown in the opposite direction.

Whether I handed my notice in or not would depend on how much I’d won/if I’d ever need to work again

Pretty sure the question was "you're [i]going to[/i] win the lottery and finish work"...

I'm not sure it would matter, if you had the money to just finish, why would you bother with notice? (this also wasn't the question, was it..?)

Pretty sure the question was “you’re <em class="bbcode-em">going to win the lottery and finish work”…

Im talking about whether or not I tell them I’m leaving, or just stop turning up/logging in...

Tell them you're leaving and then immediately stop turning up.

Lotto wins are tax-free... you may have to claim you were involved in a very complex syndicate if you want to give away big lumps to friends / family tax-free, but that might be old news.

Employment tax is PAYE, they’ll just deduct the tax owed in your final pay, ironically you may be due a small refund.

Personally, I love my job and consider my colleagues friends, but I’d be out the door before my tools hit the floor.

I will be sending my self an "up yours" letter and weeing  in my own shoes. 🙂

So next year you’re going to win the lottery and finish work. You’d like to work your notice and finish amicably.

No, No I wouldn't.

I'd be ringing them from the airport.

You’d like to work your notice and finish amicably.

I'd not even finish my shift.

Whether I handed my notice in or not would depend on how much I’d won/if I’d ever need to work again.

So quiting when I won a free line was a bad idea?

There seems to be this myth that you should somehow show loyalty to your employers, but lets face it there is very little loyalty shown in the opposite direction.

In certain jobs I've had, it would not have been about loyalty to employers, it would be more about not wanting to drop colleagues in it. In those situations I'd work some sort of notice/handover period. We're only talking something like a week though.

In others, my boss would have found a "I resign with immediate effect" email on the Monday morning, and that would be the last they'd see or hear of me.

lol ok let me rephrase it

Next year you receive enough money to allow you to live comfortably until you officially become a pensioner. You don't have to work anymore but you'd like to work your notice with your current employer and friendly workmates *cough*

so...Do you simply hand in your notice etc etc

I've mostly been pretty lucky with my employers and colleagues. I can't think of one job I've had where I would just leave immediately and put any of them under additional pressure. I'd happily work out a notice period.

If you know when the money's arriving resign 'N' days before that (where N is your notice period inc any holiday days due).

I’d be ringing them from the airport.

Me too, and I am a partner in my business LOL!

So next year you’re going to win the lottery and finish work. You’d like to work your notice and finish amicably.

Erm..

They might receive a text from me whilst I’m sipping margaritas off some sexy bikini wearing goddess out in a far flung corner of this planet.

I say might, what I really mean is a picture text of me doing exactly what I’ve just described.

👍😜🍆💋👌💨

On the other hand, I might not resign at all, just see how far I can push it until they fire me, I could bring in a top lawyer to fight any disciplinary matters, just for shits and giggles.

I'd go part time and work remotely from the Alps. I really enjoy my job and my brain would rot if I didn't do it.

In certain jobs I’ve had, it would not have been about loyalty to employers, it would be more about not wanting to drop colleagues in it. In those situations I’d work some sort of notice/handover period. We’re only talking something like a week though.

My my old manager always said if she won big on the euromillions, she’d pay everyone in the business that she liked 5 years salary, with the stipulation that they left the business for at least that time, just to screw the ones that were left...

Probably keep working for a bit to see how much was left after the initial splurge just to make sure I did my maths right...

better to work a few more months than find out you need to reapply for a job....

Next year you receive enough money to allow you to live comfortably until you officially become a pensioner. You don’t have to work anymore but you’d like to work your notice with your current employer and friendly workmates *cough*

so…Do you simply hand in your notice etc etc

I'm just off to buy a lottery ticket. I'll let you know what I decide to do in due course.

you’d like to work your notice with your current employer and friendly workmates *cough*

That's some fantasy you got going there.

If I knew I didn't ever have to work again..probably an email at most awaiting the boss on Monday morning, telling them I'll never be coming back, don't expect a hand over of any description, and if they want their laptop and phone back they better be quick as it's been left outside my street, next to the bins.

Similar levels of loyalty that im sure they'd show me given half the chance.

If I knew I didn’t ever have to work again..probably an email at most awaiting the boss on Monday morning, telling them I’ll never be coming back, don’t expect a hand over of any description, and if they want their laptop and phone back they better be quick as it’s been left outside my street, next to the bins.

Similar levels of loyalty that im sure they’d show me given half the chance.

In my old job, that, except I'd think bigger, like a two page spread in the FT and make sure my knobjocky CEO got a complimentary copy delivered to whichever Thai hotel room he was staying in for yet another conference.

I'd also hire a plane to fly over the office with " **** you .................." on a banner and a different managers name each day for a week.

lol ok let me rephrase it

Next year you receive enough money to allow you to live comfortably until you officially become a pensioner. You don’t have to work anymore but you’d like to work your notice with your current employer and friendly workmates *cough*

so…Do you simply hand in your notice etc etc

In that case, I'd work my notice unless the it really was enough money to guarantee I'd never want to return as a consultant to top up the holliday/bike funds.

TBH I never intend to retire, just pay off the mortgage then pick and choose the jobs I actually want to work on rather than just working a 40h/47w office job all year.

I like my job, my employer and my colleagues, so I'd just work enough of a notice period to do a proper handover of my projects.  I can explain to them exactly why nothing works like they'd expect and then I'd be out of there!

How you lot manage to keep going to work if it's that bad is beyond me, I'd be quite happy to work my notice if employers wanted me to & besides it's all about the mindset isn't it - just knowing you're leaving is a great feeling in itself.

How you lot manage to keep going to work if it’s that bad is beyond me, I’d be quite happy to work my notice if employers wanted me to & besides it’s all about the mindset isn’t it – just knowing you’re leaving is a great feeling in itself.

Exactly 🙂

So

* compose letter of resignation

* work notice

* receive P45

* never work again

amirite

this is all on the assumption that you won a very big amount of money - remember it's got to last for the rest of your life and investment performance isn't as great as it used to be so £1m isn't enough for a 35yo to go work-free for ever... yes this depends on a lot of variables...

question is what do you do for mental stimulation ? volunteering for me if I were in that position

question is what do you do for mental stimulation ? volunteering for me if I were in that position

Mental stimulation?

I can tell you that in my description above mental stimulation doesn’t even enter the equation, physical stimulation will probably be enough for about a year.. then I might move to another island and start all over again.. on a different torso.

HTHs

🤣🤠🥂

question is what do you do for mental stimulation ?

You mean after I got bored chasing the summer round the globe, riding my bike? Dunno, hookers and blow I guess?

How you lot manage to keep going to work if it’s that bad is beyond me

The sons of bitches refuse to pay me if I don't go to work. Money is more important to me than self-respect.

Winning a very large amount of money would likely plunge me into a deep existential crisis, and I'd have to be signed off with stress for the entirety of my notice period.

If/when I win big....

I would try to finish up work 'well' - I just couldn't leave colleagues in the more.

But I would leave asap.

Mental stimulation = keep what we need to live off without being greedy, then spend rest of life trying to invest to accumulate and give to good causes... That would then be my life's work.

How you lot manage to keep going to work if it’s that bad is beyond me

err you do realise the reality of life don't you? 95% of people work to live, not for the fun of it. Life deteriorates quite quickly without a steady income.

remember it’s got to last for the rest of your life and investment performance isn’t as great as it used to be so £1m isn’t enough for a 35yo to go work-free for ever

Luckily I'm 45...if I lived 50 more years I could withdraw 20k a year before any thoughts of interest... give me the cash I'll see how it goes...got my resignation letter written!

then spend rest of life trying to invest to accumulate and give to good causes… That would then be my life’s work.

aye all those coke dealers and hookers will be very grateful 🙂

Rocketman may I take this opportunity to say I've always admired you. Your bike skills are awesome and I stand in awe of your ability. I've always considered you a particularly generous individual too. 😄

And Scottish Chip Shops..

Someones got to enlighten them/keep them running.

I’d just buy a really nice pen and then continue to work.

Ha! Would I ****. I’d come in to work with loads of booze and food on the day the money hit my account and throw an epic party. That’d be me done.

Rocketman may I take this opportunity to say I’ve always admired you. Your bike skills are awesome and I stand in awe of your ability. I’ve always considered you a particularly generous individual too.

lol no harm in trying eh

Buy the business you work for, sack all the staff and burn it to the ground.

I'd work my notice outside the office on a deckchair (see through tent if cold). But I'm self employed at the moment so could be hard.