#3040432, By Nuttah So what am I going to do with my Ł95m EuroMillions win?

Nuttah 8 Feb 2008 17:27:24 1,840 posts
Seen 5 years ago
Registered 15 years ago

Sid Nice wrote:
Excuse me: If you plan on giving away large sums of your windfall to your family; I'd recommend that you create a syndicate. Every penny above the 3 gifts of Ł300 per year which is allowed is taxable at 40%: That would mean that your family would only receive Ł18 million from your Ł30 million gift.

I was aware that the receiver would be taxed, but not that heavily. Principly I would certainly agree with you. However none of any of my decisions would be made lightly, so if the syndicate method was the most efficient way of going, I would do it.