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

[Stella188]

I do the monthly payments myself.

[Jessica405]

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

[Jessica405]

In UK, the winnings are not taxed. You pay tax only on the interest.

[Jessica405]

Thank you for MHG!

[Stella188]

Your Welcome

[Dinklex3]

Monthly.

[MCheetah]

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

[MTC29]

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

[NathanDavis]

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

[Likes2drive]

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

[Jamesshinobi]

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

[EnglishEuropean]

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

[joeldalton]

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

[Stella188]

Pay less taxes plus this way I don’t loses it all right away.

[joeldalton]

Tax rates continually go up, you'll end up paying more.

[LeamingtonSpa]

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.

[AviatorTom]

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

[Sketti2021]

The whole enchilada Lmao

[Pink2000]

Lmao

[douride2]

I'm taking the whole thing.

[BeMuse]

Lump sum

[slatyb]

The whole thing.

[Pink2000]

Whole pay.

[AlexM007]

Full pay out.

[Wise4myage]

Lump sum.

[SpaceGalaxy]

Whole thing