She didn't waste any time

[Unix]

$1.5 billion if taken over 30-odd years.

Probably $700 million if taken in a cash lump sum.

Take off 30% tax and you're down to $490 million.

So you're talking £340million - hardly worth winning, really.

Yeah if you spent 40 million on houses., cars etc and put 300 mill in a investment returning 5% per annum you would only get 15 million a year to live on, most contractors earn that in a hour!

[d000hg]

I didn't realise they had stipulations on how one could take it - or that it was taxed actually. The UK lottery is non-taxable, is that right (or you pay tax on the ticket)?

[LondonManc]

I didn't realise they had stipulations on how one could take it - or that it was taxed actually. The UK lottery is non-taxable, is that right (or you pay tax on the ticket)?

Taxed at purchase, correct.

[BlasterBates]

Taxed at purchase, correct.

Ah a candidate for capital gains.

[LondonManc]

Ah a candidate for capital gains.

I'd imagine it was to bring it in line with other forms of gambling like bookmakers and fruit machines.

[NibblyPig]

Is it possible to remain anonymous or do you have to have your name all over the papers?

I'd personally tell nobody if I won all that cash, then tell my parents/friends I won a tiny amount if I want to give them any money so they think that there's no more coming.

[d000hg]

It's up to the winners although you have to imagine the press will be looking hard for the winners of large jackpots.

If you're the kind of person who wouldn't tell their own family, you're probably one of the ones who would find their lottery winnings don't make them happy.

[DaveB]

There was a programme on Channel 4 (or one of theirs like E4 or something) about life as a billionaire, told from the point of view of the people who work for them - Personal Security advisors, therapists, financial managers etc. Essentially, that much money makes you so paranoid you end up frightened of everything with no friends and no normal life.

[MrMarkyMark]

FTFY

If you're the kind of person who wouldn't tell their own family, you're probably one of the ones who would find their lottery winnings won't get wasted, by a never ending line of, blood, related bludgers.

Essentially, that much money makes you so paranoid you end up frightened of everything with no friends and no normal life.

No chance of that with Gideon and Co at the helm, maybe they are intent on saving us, from ourselves

[d000hg]

How is the money wasted if you use it to help your friends and family? It's wasted if all you do is sit on it, or spend all your time thinking about it. The only point of money is as a tool.