If You Won The Lottery would Take Whole Pay Out or Monthly Payments?

Xper 2 Age: 35

I do the monthly payments myself.

If You Won The Lottery would Take Whole Pay Out or Monthly Payments?

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Jessica405 Follow
Guru Age: 29 , mho 59%

1 y
383 opinions shared on Other topic.

Take the whole lot. I want the interest on bank deposits, not the lottery company.

1

3 Reply
- Jessica405
  
  1 y
  In UK, the winnings are not taxed. You pay tax only on the interest.
  
  Reply
- Jessica405
  
  1 y
  Thank you for MHG!
  
  Reply
- Stella188
  
  New 1 y
  Your Welcome
  
  Reply

Most Helpful Opinions

Dinklex3 Follow
Guru Age: 30 , mho 35%

1 y
591 opinions shared on Other topic.

Monthly.

1

0 Reply

What Girls & Guys Said

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MCheetah Follow
Master Age: 37 , mho 45%

1 y

Monthly payments. You get the full amount that way and won't risk going bankrupt by overspending.

1

0 Reply
MTC29 Follow
Guru Age: 63 , mho 50%

1 y
469 opinions shared on Other topic.

Lump payment. I'm too old to collect the entire payout.

1

0 Reply
u
NathanDavis Follow
Master Age: 34 , mho 33%

1 y
6.3K opinions shared on Other topic.

that depends on how much I actually won... but most likely, I would go with payments

1

0 Reply
Likes2drive Follow
Master Age: 57

1 y
11.7K opinions shared on Other topic.

The lump sum , I don’t know if I’ll be around long enough to collect or if I could leave it to my kids to collect the rest

1

0 Reply
Jamesshinobi Follow
Xper 5 Age: 42

1 y

i would take the annuity. way more money and you literaly save a fortune on taxes.

1

0 Reply
EnglishEuropean Follow
Yoda Age: 64

1 y

Take the lump sum and invest it. That's what wealthy people do.

1

0 Reply
joeldalton Follow
Master Age: 42

1 y

Whole pay out 100%. Your money will lose value over time.

0

2 Reply
- Stella188
  
  1 y
  Pay less taxes plus this way I don’t loses it all right away.
  
  Reply
- joeldalton
  
  1 y
  Tax rates continually go up, you'll end up paying more.
  
  Reply
LeamingtonSpa Follow
Xper 1 Age: 33

1 y

The gamble to consider is what the win would be worth many years down the line and how likely the Lottery company is likely to be able to honor lifetime monthly payments.

0

0 Reply
AviatorTom Follow
Master Age: 57

1 y
2.8K opinions shared on Other topic.

Considering my age, I'd take the lump sum payment.

2

0 Reply
douride2 Follow
Master Age: 46

1 y
15.9K opinions shared on Other topic.

I'm taking the whole thing.

1

0 Reply
Sketti2021 Follow
Yoda Age: 53

1 y

The whole enchilada Lmao

2

1 Reply
- Pink2000
  
  1 y
  Lmao
  
  Reply
slatyb Follow
Master Age: 49 , mho 30%

1 y
2.5K opinions shared on Other topic.

The whole thing.

1

0 Reply
BeMuse Follow
Master Age: 34 , mho 31%

1 y

Lump sum

1

0 Reply
Pink2000 Follow
Master Age: 24

1 y
5.1K opinions shared on Other topic.

Whole pay.

1

0 Reply
Wise4myage Follow
Master Age: 22

1 y
6K opinions shared on Other topic.

Lump sum.

1

0 Reply
AlexM007 Follow
Xper 3 Age: 24

1 y

Full pay out.

1

0 Reply
SpaceGalaxy Follow
Guru Age: 27

1 y
655 opinions shared on Other topic.

Whole thing

1

0 Reply

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