Say you’d won the £115M Euro Millions, would you go public?

Just wondering, what account(s) could you open for such a sum?

IIRC, following the financial crash, the government guarantees savings accounts, possibly per bank, up to £75000.

Obviously opening that many accounts is a no-go.

I know absolutely zero about off-shore banking, so this is possibly an option. I guess that's stuff the National Lottery Advisors could advise about.
 
Raymond Lin said:
Most people wouldn't ask. Unless you decide to stay where you are.

If you buy a place in a nicer area, then get a car to go with the area that you are in, no one will blink an eye-lid. If your neighbour asks you what kind of work you are in, I would say something generic like Consultancy. Or even more vague like inheritance of some stocks and you sold it all.

If you already have a half decent job, just tell the truth, unless you are 18 year old straight out of school, no one is going to bat an eye-lid of someone in their 30's or 40's living in a nice house with a nice car.
Click to expand...

Oh most people wouldn't be told in fairness. I think in my shoes friends would likely be told about a modest win rather than the full size and as you say you'd end up moving into an area where you don't have to share the change in circumstances to anyone but friends/family.

That said, I'm not entirely sure I'd stick around in this country if you added in the freedom and mobility such a lottery win would allow.
 
I'd buy a better house in the same village or a neighbouring one, would say I'd come into some inheritance, or made £1m on bitcoin or maybe just a smaller lottery win. Then buy holiday homes all over the place and some flashy cars, and most people would be too polite to ask about the cash :D
 
FBi7 said:
Just wondering, what account(s) could you open for such a sum?

IIRC, following the financial crash, the government guarantees savings accounts, possibly per bank, up to £75000.

Obviously opening that many accounts is a no-go.

I know absolutely zero about off-shore banking, so this is possibly an option. I guess that's stuff the National Lottery Advisors could advise about.
Click to expand...

Coutts is the answer you are looking for.
 
Nope, keep it quiet. You will get begging/con letters and people at your door. You will get threats against yourself and your family. You will lose friendships and relationships by people who feel entitled to your winnings because you never worked for it and won it by chance.
 
Watch the so called friends and associates come out of the wood work saying that you were always best mates when they find out.
 
Raymond Lin said:
Most people wouldn't ask. Unless you decide to stay where you are.

If you buy a place in a nicer area, then get a car to go with the area that you are in, no one will blink an eye-lid. If your neighbour asks you what kind of work you are in, I would say something generic like Consultancy. Or even more vague like inheritance of some stocks and you sold it all.

If you already have a half decent job, just tell the truth, unless you are 18 year old straight out of school, no one is going to bat an eye-lid of someone in their 30's or 40's living in a nice house with a nice car.
Click to expand...

Exactly. A nice house in a nice area with very nice cars is nothing new or even notable. Unless you're buying huge footballers mansions you are unlikely to stand out.

Personally I struggle to find a good use for the rooms in my house as it is (very modest 3 bed) so a mansion would be a nightmare, and I've never been one for flashy cars. I'd spend all my money on holidays and experiences that money can't (though really can) buy. So unless people look at my holiday snaps, I doubt I'd stand out much anyway.
 
What would you want to achieve from going public OP?

I mean I guess if you wanted your 5 mins of fame and were going to make a big song and dance about being the big shot around town, donating money very publicly to charities etc... etc.. then you could do, or perhaps if you had a big ego and really wanted to rub ex colleagues face in it a bit... but tbh... it is better off keeping quite

Just pretend your portfolio has done really well or you did OK from bitcoin etc..
 
dowie said:
What would you want to achieve from going public OP?

I mean I guess if you wanted your 5 mins of fame and were going to make a big song and dance about being the big shot around town, donating money very publicly to charities etc... etc.. then you could do, or perhaps if you had a big ego and really wanted to rub ex colleagues face in it a bit... but tbh... it is better off keeping quite

Just pretend your portfolio has done really well or you did OK from bitcoin etc..
Click to expand...

You get an extra 10%
 
thegreysquirrel said:
Exactly. A nice house in a nice area with very nice cars is nothing new or even notable.
Click to expand...
Err, it is down south :p "Yes mum I've gone from renting my two bedroom flat to a 5 bedroom detached house. Yeah, I just got a decent bonus is all, it's nothing notable" ;)

mcast said:
Guy at work won £4.5m, he went public for an extra £500k...worth it?
Click to expand...
I probably would go public in those circumstances. £4.5 doesn't buy you a lot nowadays so most people would realise that once you've bought your house, invested a bit, besides living an easy life there's not actually much to throw around (unlike £115m). So I don't think you'd get hassled too much. Hopefully. So yes, another £500k would buy another investment flat in London or something that keeps you in good stead for time to come. It would be a sensible choice.
 
mcast said:
See my post above, guy at work had no reason to lie
Click to expand...

You got a link to back that claim up then? Since he went public with his then 5 million win?

I don't believe for a moment they'd pay out 11.5 million for the recent winner to go public.
 
You must log in or register to reply here.
Back
Top Bottom