FabSwingers.com forum: Which lottery win would you choose

By (user no longer on site) OP
over a year ago

The lottery have a game going where you can win £10,000 a month for 30 years which equals to 3.6 million

Would you rather have the 10k a month for 30 years? or the 3.6 million in one lump sum?

In this situation if you have to pick one or the other. And interest isn't a thing

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By (user no longer on site)
over a year ago

10k a month

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By (user no longer on site)
over a year ago

Monthly, be too easy to spend it too quick otherwise.

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By *abonWoman
over a year ago

L’boro/Ashby & Cheltenham

Can I leave the monthly £10k to someone if I got squished by a bus etc? If not, lump sum. If so, income please.

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By *ecky and justCouple
over a year ago

Godalming

Lump sum.

Who’s to say what 10k a month will be worth in 20 or so years.

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By (user no longer on site)
over a year ago

Lump sum. I’m fairly good with my finances so would be confident I wouldn’t blow it all (other than a couple of extravagant purchases

)

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By (user no longer on site)
over a year ago

Lump sum

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By *uriousscouserWoman
over a year ago

Wirral

Are there tax implications?

All things being equal I'd have the lump sum now - who is to say I'd even be here in 30 years time?

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By *emini ManMan
over a year ago

There and to the left a bit

Lump sum - could make more of an immediate difference to not only my life but others' too

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By *ools and the brainCouple
over a year ago

couple, us we him her.

Lump sum.

Interest net you a tidy sum.

Also gives you the opportunity to make some investments.

Plus if I won 3.6 million quid I would want it straight away it's my fucking money give it to me

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By *rAitchMan
over a year ago

Diagonally Parked in a Parallel Universe

Lump sum. At my age I may not last another 30 years!

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By *erdyWoman
over a year ago

wiltshire

Lump sum

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By *osweet69Couple
over a year ago

portsmouth

Lump sum

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By (user no longer on site)
over a year ago

Lump sum, what happens if you get hit by a bus, can you leave the 10k a month to someone else, I.e kids

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By *ools and the brainCouple
over a year ago

couple, us we him her.

"Lump sum. At my age I may not last another 30 years!"

Same besides way things are going I think I will be lucky to get to Sept_mber!

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By (user no longer on site) OP
over a year ago

Ok, lets say you are going to be alive for 30 years and you will stay healthy for 30 years.

No tax, no interest

Would that change your mind?

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By *reya73Woman
over a year ago

Whitley Bay

All at once please

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By (user no longer on site)
over a year ago

I’ll have the lump sum and then I will be getting any interest or be able to invest it and pay myself a sum from it

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By *nabelle21Woman
over a year ago

B38

Lump sump...I'll be dead long before 30yrs are up

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By *emini ManMan
over a year ago

There and to the left a bit

"Ok, lets say you are going to be alive for 30 years and you will stay healthy for 30 years.

No tax, no interest

Would that change your mind?"

Nope - can still make more of an immediate difference with a lump sum

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By *asmeenTV/TS
over a year ago

STOKE ON TRENT

"The lottery have a game going where you can win £10,000 a month for 30 years which equals to 3.6 million

Would you rather have the 10k a month for 30 years? or the 3.6 million in one lump sum?

In this situation if you have to pick one or the other. And interest isn't a thing"

Yes

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By (user no longer on site)
over a year ago

Definitely lump sum. I'd have it delivered in five pound notes and then jump in it like Scrooge McDuck

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By (user no longer on site)
over a year ago

"Ok, lets say you are going to be alive for 30 years and you will stay healthy for 30 years.

No tax, no interest

Would that change your mind?

Nope - can still make more of an immediate difference with a lump sum"

Agree. You can give some to relatives, friends with a lump sum

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By *eah BabyCouple
over a year ago

Cheshire, Windermere ,Cumbria

£3.6 million straight off please, nice little yacht sailing on the Ocean when this poopstorm is over would be just perfect, thank you

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By *oxychicWoman
over a year ago

Nottinghamshire

Lump sum

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex

Lump sum if I had a choice. If no choice I'll take either please.

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By *mberWoman
over a year ago

Preston

Lump sum, without a doubt.

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By (user no longer on site)
over a year ago

"Ok, lets say you are going to be alive for 30 years and you will stay healthy for 30 years.

No tax, no interest

Would that change your mind?"

Lump sum without question

Because dividends

4% yield on 3.6million would bring in £144,000 per year

Then reinvest that and compound interest kicks in.

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By *urvySub87Woman
over a year ago

Near Wellingborough

Definitely lump sum

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By *alandNitaCouple
over a year ago

Scunthorpe

"The lottery have a game going where you can win £10,000 a month for 30 years which equals to 3.6 million

Would you rather have the 10k a month for 30 years? or the 3.6 million in one lump sum?

In this situation if you have to pick one or the other. And interest isn't a thing"

I want it all... and I want it now #

Cal

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By *hrista BellendWoman
over a year ago

surrounded by twinkly lights

Lump sum

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By *crumdiddlyumptiousMan
over a year ago

10k a month as I would spend the lump sum a lot quicker

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By *oxic1998Woman
over a year ago

Belfast

Lump sum.......can help my son out and other m_mbers of my family

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By *olden RatioWoman
over a year ago

Buckinghamshire

Lump sum - I’d invest a lot of it so that it would keep generating an income.

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By (user no longer on site)
over a year ago

"Are there tax implications?

All things being equal I'd have the lump sum now - who is to say I'd even be here in 30 years time?"

^ This exactly

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By (user no longer on site)
over a year ago

The lump sum x

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By (user no longer on site)
over a year ago

"Lump sum - I’d invest a lot of it so that it would keep generating an income. "

3.6m would get around 10k a month interest i believe! Basically if you take a monthly payment, they are paying you your interest.

Very clever.

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By (user no longer on site)
over a year ago

Believe it or not, I have never taken a lottery ticket in my life. The thought of me buying a ticket and winning a large prize money will make me feel guilty!

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By *ovegames42Man
over a year ago

london

Take the lump sum up front.

Deposit the money in Into a high interest savings account for a year, then live of the interest.

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By *tingly ByronMan
over a year ago

In a town Fab forgot

Lump sum.

Easy choice.

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By (user no longer on site)
over a year ago

Lump sum .

Why wouldnt you strange question

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By (user no longer on site)
over a year ago

"Ok, lets say you are going to be alive for 30 years and you will stay healthy for 30 years.

No tax, no interest

Would that change your mind?

Lump sum without question

Because dividends

4% yield on 3.6million would bring in £144,000 per year

Then reinvest that and compound interest kicks in.

Please tell me where you can get a yield of 4%

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By *ustme34Man
over a year ago

Bradford

Lump sum... as the 10k per month wouldn't change life in the sence you couldn't go out and buy a house without having to save up which would kind of defeat the idea of winning big ... although I wouldn't pass up on the 10k / month either would stick mean no actual work

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

If really had to choose one would take the 3.6 , could do more with capital than income, but don’t do lotteries so unlikely to win

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

"Believe it or not, I have never taken a lottery ticket in my life. The thought of me buying a ticket and winning a large prize money will make me feel guilty!

Same ! Think of it as a tax on lethargy

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By *arkus1812Man
over a year ago

Lifes departure lounge NN9 Northamptonshire East not West MidlandsMidlands

Tricky one this.

It depends what happens to the £10 k monthly payments when I die and being 80yr old that is not too far away.

Then the issue with taking the lump sum, which would be liable for death duties, arises when I die.

Think I would take the lump sum and go on a spending spree.

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By (user no longer on site)
over a year ago

10k a month

Not sure what I’d do with it but I’d like to keep being as normal as I can if I won a lot of money and I think having it drip fed to me would be best.

It’s all a bit daft though as I don’t play the lottery’s.

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By *akbearMan
over a year ago

Newbury

Lump sum for me, clear friends an family debt/mortgages, still have enough to retire on and enjoy.

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By *nnocentimesMan
over a year ago

over there by that tree

Lump sum - let’s say you buy a nice place for £1.5m leaving £2m left in the bank, you would then earn roughly £50k a year interest on the balance so giving you an income of around £4.5k per month, to me this is win win.

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By (user no longer on site)
over a year ago

£10k a month, it’s a guaranteed income for 30 years whereas you blow the lump sum your left with nothing, if your sensible you won’t blow the £10k each month and save some of it.

Yes I know I’m boring.....

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By (user no longer on site)
over a year ago

"£3.6 million straight off please, nice little yacht sailing on the Ocean when this poopstorm is over would be just perfect, thank you "

What you said. The thought of open seas and marinas sailing exploring and the freedom that affords you. Brilliant

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By *ill-Ian KissesCouple
over a year ago

Somewhere over there

"Definitely lump sum. I'd have it delivered in five pound notes and then jump in it like Scrooge McDuck"

Brilliant! Think I might do the same but fill a swimming pool with the money.

Millie

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By *a LunaWoman
over a year ago

South Wales

Lump sum.

I may not live for 30 years.

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By (user no longer on site)
over a year ago

"Lump sum - let’s say you buy a nice place for £1.5m leaving £2m left in the bank, you would then earn roughly £50k a year interest on the balance so giving you an income of around £4.5k per month, to me this is win win.

Please tell me where you can get 2.5% interest.

Plus after the first £1,000 of interest it is taxed

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By (user no longer on site)
over a year ago

£3.6 million.

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By *rumpyMcFuckNuggetMan
over a year ago

Den of Iniquity

Bloody good question POF .

If , as you say , I live another 30 years with no health issues , then I'll take the 10K a month all day long .

Guaranteed income for life virtually , and me and Pooch can just travel anywhere and make travel vlogs ( I can dream )

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By (user no longer on site)
over a year ago

All of it in one go live for today not tomorrow

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By *isaAndNicoleTransTV/TS
over a year ago

Southport / Ellesmere Port

Lump sum. 10k per month will depreciate significantly over 30 years.

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By (user no longer on site)
over a year ago

Interest not being a thing levels it somewhat. Otherwise I'd take the lump some, buy a house for cash, then invest and live off the dividends.

I'd probably still take the lump to buy a house with no mortgage. Unless interest isn't a thing for mortgages either!

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By (user no longer on site)
over a year ago

"Lump sum. 10k per month will depreciate significantly over 30 years. "

Good point. OP- Is inflation a thing?

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By *V-AliceTV/TS
over a year ago

Ayr

"Lump sum.

I may not live for 30 years."

Yep.

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By *ornybarMan
over a year ago

clonmel

Don’t think I’ll be around in 10 years nevermind 30. So I’ll take the lump sum and die happy

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By (user no longer on site)
over a year ago

If interest isn't a thing with this hypothetical, does that go for tax as well?

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By *p4funCouple
over a year ago

Plymouth

Lump sum ,mine to give away as i choose or leave to others after im gone

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By *nnocentimesMan
over a year ago

over there by that tree

Please tell me where you can get 2.5% interest.

Plus after the first £1,000 of interest it is taxed"

Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute.

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By (user no longer on site)
over a year ago

Please tell me where you can get 2.5% interest.

Plus after the first £1,000 of interest it is taxed

Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute. "

Please tell which

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By *nnocentimesMan
over a year ago

over there by that tree

Please tell me where you can get 2.5% interest.

Plus after the first £1,000 of interest it is taxed

Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute.

Please tell which"

Ok - as of today the ones I’ve just checked have just dropped to 0.1 which is a tad lower than I expected, so apologies for duff info

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By (user no longer on site)
over a year ago

Lump sum

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By (user no longer on site)
over a year ago

Please tell me where you can get 2.5% interest.

Plus after the first £1,000 of interest it is taxed

Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute. "

Nah premium bonds best place i reckon

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By *pursChick aka ShortieWoman
over a year ago

On a mooch

Lump sum then I can leave it to my lad, very unlikely I’ll be here for 30 years

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

Please tell me where you can get 2.5% interest.

Plus after the first £1,000 of interest it is taxed

Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute.

Nah premium bonds best place i reckon

Other than for tiny amounts of money and lock-in periods the Marcus account is still the best right now at 1.3% up to 1.5 for early users, unless you’re very lucky with PB’s and have older numbers it’s gonna be hard to beat that.

Anything else is super risky. My amazon investment has made 30% so far but it could all disappear quite easily , same as anything else pretending to be a bank account

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By (user no longer on site)
over a year ago

Lump sum

Better in my bank plus I'd have that 3.6m turned into 15m in 30 yrs

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By (user no longer on site)
over a year ago

Please tell me where you can get 2.5% interest.

Plus after the first £1,000 of interest it is taxed

Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute.

Nah premium bonds best place i reckon

To be honest it does make sense to get the maximum £50,000 worth of premium bonds as the prize fund is equal to 1.42% which they have just decided not to drop for the time being.

And your may win another million

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By (user no longer on site)
over a year ago

Lump sum...

Whose to say we will still be here in 30 years.

And that way my sons future would be secured....

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By *etite_delightWoman
over a year ago

BunnyLand

Both will work for me. Who cares after winning a lottery

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By *B69Woman
over a year ago

Wiltshire

I would take the lump sum thanks

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By *ingf5Man
over a year ago

Welling

Lump sum. I’d be too afraid that there wouldn’t be a lottery to pay me out in 30yrs time. Plus the lump sum could have a more immediate impact on myself and others right now.

Could always just take the lump sum and set up a standing order to transfer the 10k every month. Best of both worlds that way

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By *hatYorkLadMan
over a year ago

York

I like the 10k a month thing, you could live nicely on that but it wouldn't be enough to go stupid on with wild purchases. I certainly wouldn't need to work again

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