I saw on the news this morning that someone won 210 Million Euros on the Euro-Lottery last night.

A couple of million would change most peoples lives significantly, but in excess of 200 million would be mind blowing. Not sure how much you’d lose in tax before the balance got to your account, but assuming you lose 40% in tax, you’d still be looking at pocketing around 125 Million.

Someone somewhere has, I assume, had a very happy day today.

I was happy to be out on my bike in the sunshine 🙂

Do you pay tax on a lottery win? Didn’t think you did?
I’d use it to pay my overdraft of. Be left with enough to have a weekend away with the wife!

I know that here in Spain someone who knew someone who won the Christmas lottery said they paid tax.

Not sure about the various other lotteries here.

1. Netjets membership.
2. An old Porsche.
3. A Berlin pad so I’d be able to fully immerse myself and learn the language.
4. A Lake District bolthole for regular hiking and fell running.
5. Treat my parents and siblings.

You don’t pay tax on the actual win in the UK?

That sort of money I’d want to do some serious good. I bang on enough about the lack of affordable housing being a big factor in society’s various problems, guess I’d have to put my money where my mouth was.

I’d genuinely give a big chunk of that to charities. I’m not trying to say how utterly amazing I am, I’d actually feel real guilty having that much cash. Oh, I’d also make sure anyone I even remotely cared about was set for life too. I know a few really good people dealt a bad hand in life that I’d immensely enjoy helping out. That would be amazing.

I could cope with the guilt of having 10 mill left for me though.😁

Keep a cheeky couple of mil, spend the rest of my life trying to give away the other £208mil to good causes.

We talked about this the other week as it happens. I am rather old fashioned and a bit of a craft ale socialist and I’d feel it was more wealth than I’d ever want to be in the hands of me as an individual and I’d want to redistribute it in a constructive manner.

I’d sweep just enough aside to make sure my family never wanted for anything that mattered because then I could concentrate on gifting/applying the rest and offering such talents as I have to people who cannot afford those services or support commercially.

Then to use that and being free of other restrictions financially to spend time working out how and where that money could be placed to support social mobility and sustainability/environmental causes.

I might also buy a nice 40ish foot yacht too. I love sailing and that’s the sweet spot between big enough to be really comfy for extended trips and really rather large and more money than I’d be comfortable spending on a treat even with 100million in the bank it would feel wasteful going bigger.

So basically what Matt oab said in loads more words + a boat!

Agree Matt.
£3m for each kid, very close family and the rest to charity.

You pay tax when you buy the ticket, asi did many times. Lol!

Hmmmm prob a place in California, good riding, beaches, good food, amazing forests and a stupid bright red super car. Actually if you don’t buy a super car you shouldn’t be playing.

Disappointed we have got this far and no one has mentioned coke and hookers?

In the first 48 hours I’d buy a motor home and drive south until I could feel warmth.

Buy the Conservative Party and renationalise it. It would get an image makeover too, lots of brown and perhaps a rebrand as the Stinky Turd Arsehole Party.

I’d genuinely give a big chunk of that to charities

I think giving away money to charities is easier said than done.

Sure, if you don’t actually care, then give it to the usual suspects and let them figure it out.

But – will they spend it on things that are important to you?
Will they spend it wisely?
If you give a few million to some tiny charity that you’ve always supported, but which does something small and very local, they simply won’t have the scale to use it.

It probably becomes a full-time job just giving money to charity.

And meanwhile, it’s invested in a load of funds – if you’re not careful it’s growing faster than you can get rid of it.

Not a problem I actually have, I hasten to add.

A nice house in the every country then try and get to all of them before I die?

Sort family and friends out.

Try to do some good with it.

Upgrade Stumpjumper to 1x, new brakes and dropper post 😆

Lamborghini.

See the world.

It is tax-free, there is no tax on gambling winnings. The logic there being that if that was the case there would have to be tax deductions for those who made a loss gambling.
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I was thinking about this the other day. With significant money like that in would go around buying up as many grouse moors as I could get my hands on, selling off the houses and just keeping the land, could be talking 100,000 acres up here. Set up some of trust to run the whole caboodle and set about rewilding it all.
And keep enough to live very comfortably

I’d genuinely give a big chunk of that to charities

So would I, in my will. I wouldn’t want the publicity.

I think oldnpastit has a point and that’s what had me thinking I’d pack in work (well I’d do that anyway) but then use my background to try and target more useful spending of those funds than just lobbing chunks at charities.

The reality is if that was your strategy you’d end up with a team employed to help but even that’s good because you would be creating jobs for years. Probably worth remembering that 100million isn’t that much money these days in company turnover terms.

Thinking about it, if you wanted to really do good in the long term then you need some kind of family office type set up that manages the money so that it feeds a loop, funds out, some earn a return or repayment that comes back to be reapplied elsewhere, while others are lost/gifted for no expectation of return.

Day 1: I would get hideously drunk on the finest champagne.

I will continue with day 2 tomorrow.

Buy a nice detached three bed house with a decent amount of land. Give some to charity and make sure people I care about don’t have to spend their lives worrying about money. I’d quit work, learn new skills, develop new hobbies, travel more and just enjoy life.

Oh and obviously have a nice bike collection. Bikes from Curtis, Swarf and some Titanium goodness. Maybe build a lair on a volcanic island

New bike, new camper van and home. I would be tempted to try and buy land and create a golfie / bpw trail centre. Probably no uplift service but then it wouldn’t need to charge anything

I certainly wouldn’t give a penny to a charity. I would set my own up and give where I felt it was worthwhile.

I’d probably lose every friend I’ve ever had. End up with all my family, and a few cousins I don’t even know hating me. All while I rot in a haze of prescription drugs and cocaine on my own private island. Happy at last.

Become strangely attractive to women.

I wouldn’t give direct to charities but the money would go on charitable things that I have more direction of.
I would see it as my job as I am happy to work and spend 20 hours a week on it and would rather do that work that the work I am currently doing for 40 hours a week.
Age helps with that sort of money as likely to be a bit more balanced with it than if I were 20 where it could potentially make things worse for me in the long term.

I think I would treat myself to getting my favourite pair of boots re-soled. The last winter has not been kind to them at all.

After that, maybe pay someone competent to find out what the strange noise is coming from the car.

After that, who knows? All the things I would like to do involve travelling and I can’t do that right now and would likely feel guilty about doing it in the future. I’d for sure be able to take some time off work to finish the house though.

That’s just about enough for a long weekend at Centre Parcs

Look after immediate family/friends. Fill a unit with many many cars/vans. Big posh pad somewhere to keep the wife happy. Charities. Genuinely think I’d still work on a part time basis at least, gives me a sense of purpose.

I think giving away money to charities is easier said than done.

Sure, if you don’t actually care, then give it to the usual suspects and let them figure it out.

But – will they spend it on things that are important to you?
Will they spend it wisely?

I certainly wouldn’t give a penny to a charity. I would set my own up and give where I felt it was worthwhile.

Charities serve the interests of their beneficiaries  – its not for donors to dictate what or how they do that – that’s prioritising the ego of the donor over the strategic needs of the cause being funded. I think if you do ‘actually care’ you’d respect the organisation’s expertise and insight and recognise that it trumps you’re own well-meaning ignorance.

I know that here in Spain someone who knew someone who won the Christmas lottery said they paid tax.

My uncle won £4m years ago. No tax on the winnings, but there were tax implications in giving sums away – he wanted to share the winnings out amongst his wider family and had to be careful about how he did it so as not to create unexpected tax burdens. Theres also tax on interest which on big Euro winnings would be significant so a big lottery winner would still feel like a tax payer.

I’d probably lose every friend I’ve ever had.

I remember back to the first week of the national lottery and me and my then girlfriend buying our first ever tickets. ‘What would you do if you won?’ I asked her. Without thinking too hard about it the reply was ‘Well the first thing I’d have to do is pay you off’.

Do a Mikey Carroll and see just how fast it’s possible to burn through that much cash and end up with nothing to show for it.

The biggest mistake you’d make is thinking it would make you happy. I read a study that checked hundreds of big lottery winners and if you were a miserable so and so you were likely to stay so after a win but if you were a generally happy person you’d stay that way.

The most important thing to do would be to do nothing to start off with and have a long thing about what plans to make for the future.

Personally I would buy a nice house, locally, and also one in San Francisco which is where my wife and I love to go. It would be nice to travel first class there!!

Charity I would stay local. Where I live needs some love so helping homeless charities, charities for domestic abuse and poverty would be my first calls. Then animal welfare stuff too. I’d love to buy some sort of land I could make into a nature reserve but in a location where people could easily get to or provide a free bus. I’d love to start something that gets kids out into the countryside and enjoy nature.

I’d make sure my mother in law had a place to live near (or with) us so my wife could spend more time with her. And give her a personal taxi service as she doesn’t drive!

Pay off our churches mortgage. Pay off mortgages of family and friends.

I’d buy bikes for EVERYONE.

For myself, apart from the house, I’d probably have a range of cars but probably nothing exotic apart from my dream car, Lamborghini Countach. I’d certainly have a 69 Dodge Charger, a Fiat Abarth rally car, some sort of customised van for bike duties (not a VW, something retro and interesting with a big engine). Probably an electric car too, I’d get someone to put the gubbins of a Polestar 2 into a 1980’s Volvo 740 estate, maybe bagged too.

First off I’d sort my family out.
Then a couple of friends.
Give some to Charities – I’d get them to sign NDA’s so no publicity and I’d keep making regular donations of a decent amount.
Buy a place or 2 in Scotland and Wales.
New car – always fancied an RS6 Avant!
Would probably stay where we were until the kids had finished school – lad starts final year of GCSE’s in September and Daughter will finish Primary at the same time.
Probably still work for the time being too – I think if you just stopped with no clear goal you’d turn into an alcoholic….

And probably get a new bike….

1. Quit my job
2. Pay off the mortgage
3. Buy a house in our ideal location
4. Give some to family and friends
5. Relax and enjoy a stress free life

Post a box of excrement to my employer.
Finish the house but slightly fancier.
Place in the Alps.
£100m in a charitable trust.
£50m to friends and family.
Spunk the rest.

given that most UK big winners have ended up getting divorced it’s probably save to say what would do with 105,000,000…..

Become strangely attractive to women.

52,500,00026,250,000 in mr p’s case. 😉

Post a box of excrement to my employer.

The one thing I would do is work out my notice period with good grace. Maybe treat the team I work with no matter who they were. Life’s too short to make yourself look like an idiot. I’d like to be known as a nice person despite winning swimming pools full of cash. 😂

Keep a cheeky couple of mil, spend the rest of my life trying to give away the other £208mil to good causes.

Yeah that pretty much sums it up fro me, make sure that family and close friends are sound, few £M for toys, and seeing the world. Give the rest away.

That’s a noble and dignified sentiment but You don’t know my employer.