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You've just won the Lotto

You've just won the Lotto

Old May 28th 2016, 6:44 am
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Default You've just won the Lotto

So double question!

1) How much would you need to win in the Lotto to give up everything and retire

2) What would you do with your first winnings?

Serious Q.
3) If you play the lotto by direct debit and live outside of UK can you claim it...

1) How much would you need to win in the Lotto to give up everything and retire. I would think I would need £2million plus. Even then, I don't think thats enough. £5million I'd be comfortable for life

2) What would you do with your first winnings?
Buy my mum a house in Cornwall
So What about you?

PS Can we not turn this in to a conversation regarding its a "tax", or zero chance of winning etc.
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Old May 28th 2016, 7:30 am
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Default Re: You've just won the Lotto

Originally Posted by iggle View Post
Serious Q.
3) If you play the lotto by direct debit and live outside of UK can you claim it...


.
No, the UK national Lottery is open to UK residents only, people from outside the UK have won in the past, and they have had their prizes cancelled.
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Old May 28th 2016, 7:34 am
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Default Re: You've just won the Lotto

Half a mil.

Mumm Cordon Rouge and some manchego. (Best I can muster here.)

No -- read the rules: you've gotta live there to play. You could buy tickets or set up a standing order when you're in UK on leave (or do it online from abroad if you can find a VPN that gets past their security), but that'd be pointless because if you won and then they checked and discovered that you broke the rules, they wouldn't pay. And that wouldn't be a nice feeling. I suspect they're fairly serious about it since the living-in-UK rule is plainly stated, and their security blocks access from abroad.

I play via proxy, sometimes.
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Old May 29th 2016, 5:59 am
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Default Re: You've just won the Lotto

Originally Posted by Bahtatboy View Post
Half a mil.

Mumm Cordon Rouge and some manchego. (Best I can muster here.)

No -- read the rules: you've gotta live there to play. You could buy tickets or set up a standing order when you're in UK on leave (or do it online from abroad if you can find a VPN that gets past their security), but that'd be pointless because if you won and then they checked and discovered that you broke the rules, they wouldn't pay. And that wouldn't be a nice feeling. I suspect they're fairly serious about it since the living-in-UK rule is plainly stated, and their security blocks access from abroad.

I play via proxy, sometimes.
Anything over a million would suit me...3 million plus and I'd be straight out to buy a Huracan.

I assume you could give the ticket to family and they claim it...and then pray that you don't become a headline in The Sun if they screw you over?
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Old May 29th 2016, 6:48 am
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Default Re: You've just won the Lotto

Originally Posted by NorthernLad View Post
Anything over a million would suit me...3 million plus and I'd be straight out to buy a Huracan.

I assume you could give the ticket to family and they claim it...and then pray that you don't become a headline in The Sun if they screw you over?
You wouldn't go public, you wouldn't tell any one you won.
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Old May 29th 2016, 6:57 am
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Default Re: You've just won the Lotto

Originally Posted by iggle View Post
You wouldn't go public, you wouldn't tell any one you won.
I was thinking more along these lines where the lottery creates family feuds..


’I gave family £20m... now we don’t speak’: £148m EuroMillions jackpot tore my family apart
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Old May 29th 2016, 10:40 am
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Default Re: You've just won the Lotto

1.5 million would pay off our mortgages and buy my mum and brother their homes and set my mum up for retirement. Another 3 million would mean our own retirement and the kids private education, if we were careful.

10 million would mean a no brainer... instant resignation.
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Old May 29th 2016, 12:46 pm
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Default Re: You've just won the Lotto

Originally Posted by iggle View Post
You wouldn't go public, you wouldn't tell any one you won.
I have never understood why anyone would go public about a big lottery win. I can only imagine it's a weird form of showing off but it is frightfully crass.


I don't enter as I think it's little more than a voluntary tax on overly optimistic, probably greedy but mostly rather daft people. The odds are abysmal.
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Old May 29th 2016, 1:09 pm
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Default Re: You've just won the Lotto

Originally Posted by Meow View Post
I have never understood why anyone would go public about a big lottery win. I can only imagine it's a weird form of showing off but it is frightfully crass.


I don't enter as I think it's little more than a voluntary tax on overly optimistic, probably greedy but mostly rather daft people. The odds are abysmal.
The problem with that is that the tabloids will pay for people to tell them if a neighbour or someone they know win the jackpot, so it's very difficult NOT to be discovered
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Old May 29th 2016, 4:14 pm
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Default Re: You've just won the Lotto

10 mill

Donate half to charity.

Would buy homes in: Tahiti, Costa-Rica and French Polynesia . Take friends/family on beach vacations.

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Old May 29th 2016, 5:32 pm
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Default Re: You've just won the Lotto

Even if I do win the lottery which I highly doubt anyone with my luck would ever win, I dont think Ill ever truly retire. Ill probably buy a few houses to rent out etc and live in one of them but I wouldnt want to stop working untill my boys throw me out of the office one day
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Old May 29th 2016, 5:49 pm
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Default Re: You've just won the Lotto

Originally Posted by NorthernLad View Post
Anything over a million would suit me...3 million plus and I'd be straight out to buy a Huracan.

I assume you could give the ticket to family and they claim it...and then pray that you don't become a headline in The Sun if they screw you over?
I manage my wife's account, so all legal.

I'm not sure I'd fully retire either, but I think all the holidays and golf would get in the way.
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Old May 30th 2016, 10:21 am
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Default Re: You've just won the Lotto

1) minimum 5 mill, and i'll retire instantly
2) pay off my mortgage and buy my folks and my bro a home each
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Old May 30th 2016, 10:31 am
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Default Re: You've just won the Lotto

1) How much would you need to win in the Lotto to give up everything and retire

2 million would be extremely useful, pay out mortgages and kids student loans and some left over, probably not retire.

10 million would be fantastic and definitely give up working, would buy homes in different locations around the world but now the kids are off our hands we would travel, travel, travel very comfortably.

2) What would you do with your first winnings?

After getting up off the floor - Stick it to the bank, take family on month long holiday, buy nice property and travel. Have fun, the world is so big and life is short.
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Old May 30th 2016, 10:36 am
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Default Re: You've just won the Lotto

I don't believe any of you. The first thing you'd do would be to celebrate by getting drunk on fancy fizz!
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