Is it too much? UK EuroMillions ticket-holder wins £111.7m

postbox said:
Yep and definitely don't be gifting a farm over a milly next year
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A farm is no different to any other asset, other than if you did die, your estate pays half the IHT and they have 10 years to pay it interest free. You’d still pay the same capital gains on any increase in value as you would at any other time.
 
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If you win it, become a resident of a country without iht laws, Portugal?
Move there with family and when you pop it, iht free..

Tbh if I won millions i wouldn't be sticking around the uk.

Where would I go? I don't know but i'd have an advisor for that.
 
m4rmite said:
If you win it, become a resident of a country without iht laws, Portugal?
Move there with family and when you pop it, iht free..

Tbh if I won millions i wouldn't be sticking around the uk.

Where would I go? I don't know but i'd have an advisor for that.
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Agreed you would never see a winter again in your life. I would have a house in every major civilization and most likely a plane to go with it.
 
I would give a large amount away (former schools, University, labs/centres I've worked in and charities), pay off mortgages for family and close friends, set up some trust funds for the kids across the family and finally - buy a 5090.

Personally for me, £117m is too much - you'd be sorted for life off the interest alone and do a lot of good. My biggest worry would the attention it would bring whilst trying to deal with the above.
 
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adam cool dude said:
Agreed you would never see a winter again in your life. I would have a house in every major civilization and most likely a plane to go with it.
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You wouldn’t have enough money for a plane, certainly not anything that’s continental or international.

A medium sized yacht perhaps, anything over 80ft and you tend to need a full time crew and will be the second quickest way to burn through £10m’s in not many years after a plane.

Even just parking a more modest 60ft yacht costs £20k/year in a nice part of the med and taking it out to sea costs £lol/hour in diesel.
 
Uther said:
I wouldn't say no to that amount, truly life changing. It got me thinking, where would you actually put that amount of money? I assume there are specialist banks for super rich people.
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Yes, banks where you pay the government a lot of tax


I would probably buy myself an island, with a big zip wire to the nearest land . Also a plane and a runway, a big boat, some jetskis

I would also build a tunnel from that island to the mainland, where i would purchase several high profile mansions.
 
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b0rn2sk8 said:
You wouldn’t have enough money for a plane, certainly not anything that’s continental or international.

A medium sized yacht perhaps, anything over 80ft and you tend to need a full time crew and will be the second quickest way to burn through £10m’s in not many years after a plane.

Even just parking a more modest 60ft yacht costs £20k/year in a nice part of the med and taking it out to sea costs £lol/hour in diesel.
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Better to just use a jet leasing service, yes price is high but not unrealistic if you've got £185m. However you could afford to own a jet and learn to fly it yourself, sure maybe not a new Global 8000 with all the running costs but still a good medium range jet.
 
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b0rn2sk8 said:
You wouldn’t have enough money for a plane, certainly not anything that’s continental or international.

A medium sized yacht perhaps, anything over 80ft and you tend to need a full time crew and will be the second quickest way to burn through £10m’s in not many years after a plane.

Even just parking a more modest 60ft yacht costs £20k/year in a nice part of the med and taking it out to sea costs £lol/hour in diesel.
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With 100 million you could easily have your own plane and fly it. It isn't as expensive as you think to get something with decent range. 10 to 20 million which is obviously capital that you can sell on if needed. 1 million a year to run. 20 years and it will only have cost you 40 million. :p

If you wanted European only you could easily do it for less than half a million for a decent plane that will take you direct from your private house strip to your private house strip in the South of Spain.
 
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adam cool dude said:
With 100 million you could easily have your own plane and fly it. It isn't as expensive as you think to get something with decent range. 10 to 20 million which is obviously capital that you can sell on if needed. 1 million a year to run. 20 years and it will only have cost you 40 million. :p

If you wanted European only you could easily do it for less than half a million for a decent plane that will take you direct from your private house strip to your private house strip in the South of Spain.
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Or just on ryan air for 20 quid a pop
 
With that amount I'd be taking financial advice and dumping £150m into whatever bank(s), investments gives you the best return and then having the remaining £35m to play with.
 
Baldbloke said:
Should it have been 111 people win one million?
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no or they would sell less tickets. maybe 11 people winning 10mil.

1mil aint even retirement money these days

£1,000,000 in 2000 is equivalent in purchasing power to about £2,151,051.74 today, an increase of £1,151,051.74 over 25 years. The pound had an average inflation rate of 3.11% per year between 2000 and today, producing a cumulative price increase of 115.11%.

This means that today's prices are 2.15 times as high as average prices since 2000, according to the Office for National Statistics composite price index. A pound today only buys 46.489% of what it could buy back then.
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remember when supermarket pizzas were like £1 maybe £2 for a good one, now its like £4-5

lol inflation
 
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