What would you do with £125 Million???

I would just live very well off the interest.
Buy an epic house, cars, holidays, treat family & friends.
Just do all the things you've always wanted to do.

As for the "i'd give it all to charity" people... yeh rite!
 
Caerdydd said:
I would just live very well off the interest.
Buy an epic house, cars, holidays, treat family & friends.
Just do all the things you've always wanted to do.

As for the "i'd give it all to charity" people... yeh rite!
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125m really is a lot of money. You wouldn't miss 100m of it at all unless you plan on buying small countries lol

SiriusB
 
Honestly, my dream is to have an indoor basketball court just like Shaq, and an outdoor with bleechers and such. Then I'd love to host a local league, pretty simple, but you'd never have a financial worry in the world.

I'd also give a rediculious ammount of money to family and friends!

I'd probably keep £50m to myself and just spread the love in all honesty. Prorities would be family and close friends, I'd make them all millionaires.
 
dmpoole said:
Yeah but winning 100 million I would probably not do anymore overtime at work.
Winning 125 million I might pack my job in.
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Fantastic answer. :D

Go on, dm, let your hair down and REALLY push the boat out ...... take a week's unpaid leave. :D
 
Morba said:
how much tax would be paid on winning 125m?
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This has already been said, I think, but the answer to that is "none" .... unless you screw up. Lottery winnings are tax free.

droolinggimp said:
you pay 22% on the first £31,500 you earn then above that its 40%on what ever else you earn.. if you earn 35k you only pay 40% on the £3500 extra
If i give them the half a million in cash the tax man take more . so paying them a wage is better for them they see more of the money.
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That's all true ..... but omits the fact that lottery winnings aren't subject to income tax.


There are a couple of ways you can screw up and pay tax, the most obvious being giving it away and then dying. Gifts made up to seven years before death are subject to Capital Transfer Tax, and the recipient gets to pay it. There's what's called "taper relief" that basically means the amount you pay decreases over time, and after seven years, no tax is payable.

The most careless way to pay tax is to be in a syndicate where the above hasn't been allowed for. If you have a formal agreement in advance about the distribution of winnings, then each member gets his/her own share .... hence no CGT liability. If not, then the person running the lottery "wins", and the distributions to syndicate members are "gifts" for CGT purposes. So if that person dies within seven years, there'll be some interesting tax bills in the post. :(

Morba said:
several accounts and business's in various names (wifes / kids etc) ;]
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That's another way of paying lots of tax, if you aren't VERY careful how you do it. Gifts, again. :(


Anyone winning this is an absolute idiot if they don't get top quality financial advice, because it's be a crying shame to win a huge sum and end up giving a sizeable chunk of it to Grabber Brown in the Treasury. He's already pretty expert at picking our pockets, and doesn't need us doing his job for him. ;)

Personally, I'd be looking long and hard at shifting a large chunk of it, AND my residence for tax purposes, offshore. Start from there, tax-wise. Otherwise, while the lottery winnings might not be taxable, income generated from them certainly is. Who wants to pay 40% on the interest from £100,000,000?

Thought not. :D
 
£40mil would go towards creating a superhero, £40mil to go towards a supervillan and then sit back and watch the greastest ever fight between good verses evil.
 
I would build my own race track and build a massive mansion in the middle of it. Then a nice collection of cars and motorcycles to play with. Work out how much more I need in the bank to live in the lap of luxery on the interest. set a few mil aside for a business when I get bored.
With the 50 mill or so thats lef I would give some away to friens family charity then buy shevchenko for liverpool.
 
I remember this being done not long back.

With that amount of money its not a question of what could you do but more of what couldnt you do(realistically that is)?

I remember not long ago, one of the members on here talking about creating some sort of access/hardship fund for underprivileged students who want to go an study at uni. Id do something similar to this but the handout given to the student(s) would not only be determined by their current financial standing i.e. credit, borrowing and spending habits etc, but also by how their study would contribute to society, science, research and medicine.

If I couldnt do that, Id want to do something to help abandoned babies, abused children etc.

The above are both VERY big dreams and would feel both great and rewarding, only problem is Im a bit too thick to start anything like that and might even get ripped off/conned if I ask people for help :(

If I did win the full whack of £125,000,000, Id put aside 10-15 million just for myself and my family. Id enjoy myself for a good two years before using the rest of the money to put my head down and give back to a society and people that seem to be going down the drain as the years pass by.
 
Invest about 100-110 million of it and have some fun with the rest. Then once the financial hole that the Glazers are in overwhelms them, I swoop in and buy United due to my even larger fortune that has grown rapidly through some excellent financial advice. Oh, and buy myself a DB9.
 
buy a Boat and some where in the Med to berth it.
No point getting the diesel spec, needs the twin diesel/ triple gas turbine option at a cool $25million!! Same gas turbines as fitted to the chinnock.

Robb
 
I'd basically spread around the £25 million to various family... leaving me with a round £100m. From there I'd buy some of my friends a few gifts, nothing mental though as then friends get left out etc...

I'd invest in my business, buy myself a nice apartment and car and live comfortably for the rest of my life.

I think I'd probably like to become a major shareholder in Ipswich Town FC too. :o
 
Hire Chinese farmers to make me a PVP and PVE god on WoW. I'd have my own entire guild made up of 39 chinese farmers and myself, and we'd farm nef like there was no tomorrow.

I really should reference the "fear of girls" thread though :) in that case.

In all honesty, I'd get myself a really nice couple of flats, and relearn to be young... and once I'd burnt myself out in a selfish, shallow, wreck of a life, my friends all abandon me, my soul empty and worthless, maybe I'll actually learn something about life that is worth living for, and put my money to a good cause.
 
ill use the cash to turn into a super stud and hit every page 3 girl and model i can get my hands on :D
 
Id still go to uni.... for the social part.... and id drive in to uni in my brand new Aston Martin lol :D
 
I'd have a custom built house full of gadgets, computers, home cinemas, sound stages etc. etc.

I'd setup my own ISP, and provide friends and family with 1:1 connections of varying speeds. Setup my own computer advice centre for free advice, repairs etc.

I'd fund hospices to deal with cancer sufferers and give 50million to the RNLI and air ambulances, obviously have some invested, in interest accounts.

Probably see about having a house in the countryside (North Wales) like the alternative energy site, have wind turbines etc. for sustainable living. And that cool Audi S8 they had on Top Gear to drive between places
 
I could buy some seriously cool cars with that money (and the garages to put them in!), take my gf, best mates and housemates on an insane world tour in the summer and start buying lots of houses and doing them up. Would be fun for sure
 
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