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Would you share £500k with family?

204 replies

SilverDoe · 21/02/2022 15:44

If you acquired £500k, would you share this sum with people outside of your immediate family (i.e. partner and children?)

Please note this is an entirely hypothetical bored Monday afternoon musing... I only play the Thunderball now if I ever play the lottery and kind of had the realisation that as a young parent who rents privately and doesn't own a car, I probably genuinely couldn't afford to give much of a windfall like that away. But that makes me feel awful! I always assumed I would give away some percentage of any crazy windfall away..

What would you do with it in your shoes if you won that kind of money?

OP posts:
SilverDoe · 22/02/2022 14:17

Pension top ups are a really good idea. I haven't thought about that much yet as retirement seems so far away but I have been working part time since I had my DC so it would be a smart move!

OP posts:
Erictheavocado · 22/02/2022 15:33

I'd give £100, 000 to each of my 2 dcs, £100, 000 would go in a trust fund for dgs and any future dgc (suspect we might have another dgc in a couple of years time)to help towards university fees, house etc and the remaining £200, 000 would stay with dh and me. It would allow me to retire now at 60, rather than having to wait another 7 years, and we would be able to do up the house and garden to see us out.
I would not give to any wider family, apart from nicer Christmas gifts to some. But none of them would know the reason why.

HandlebarLadyTash · 22/02/2022 20:26

No, it would mean we could retire at a sensible age and not 67.

lboogy · 22/02/2022 20:35

No because we'd still have a mortgage to pay. I'd pay the bulk of the mortgage with it. I'd have a bit of freedom to consider a lower paying job that gave me purpose

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