Lottery win (not a bad amount).

[winningballs]

Name changed for this.

I have been thinking about asking this and I have spoken to f&f about it and the opinions vary.

Last Wednesday I got an urge to do the lottery, I haven't done it in ages because I just can't afford it, but I got a lucky dip and lucky it was, I got 5 matching balls plus the bonus. I won't say how much I won but it's a fair amount, enough for me to not worry about bills for the foreseeable and enough to give people 10k each.

Here's my question.

I have a list of whom I would share my winnings with stored on my phone, it's been on there for years and my ex is on there. We have been split for a year or so but I always said I would give him something if I won. I don't hate him and I really liked his children, so should I just transfer some into his account? This is not a plan to get him back as I am happily with someone else now and he has no problem with my list as he is well taken care of too.

Should I - or should I not bother?

Tbh OP £1 million isn't a lot these days. Paying off mortgage of an average house is upwards of 350k-400k. That's half money gone almost. Energy bills are ridiculous. It won't last long unfortunately.

In answer to your Op, though, I would send them each £100 and say you'd had a little bonus from work. I wouldn't tell them how much you'd won. If you want to leave them something in your will then that's up to you.

Genuine question, why have you had this list on your phone for years?

£1 million isn't a lot of money?!!!!!!!!!! FFS.

Congratulations! I’ve only read your responses, and not every post, so I don’t know whether this has been mentioned, but take some financial advice before you start handing money out. HMRC have limits to how much you can give as gifts in any one tax year, so you should check beforehand about any possible tax liability for yourself or the recipients.

I wouldn't gift anything from the initial money.

Can you not pay for him to take his children to Disney world or some amazing holiday?

10k is easily whittled away on crap

Congrats!!! So happy for you!!!

Don't fritter or give it all away!

Put some away for your future.

If you were the step-mother for a long time you could give your ex's children a small sum each.

Congratulations 🙂

Ps someone at work once said to me:
"A million goes nowhere these days"
😲 but he's right.

I’m too jealous to give any advice on the matter but I wouldn’t be sharing out a million with loads of people.

Congratulations!!
if you’re questioning whether or not to give your ex some money, then perhaps give him half what you were planning to give.

A million can go further than you think (and for longer) if you’re a bit savvy with it.

I do have a list in my head and my ex is on it but it would be a much smaller amount than the people who are currently in my life and would only be if I won a life changing amount.

However, I watched a programme about lottery winners and a man gave everyone that he knew some money as he said this money would only bring him happiness if he could make his loved ones happy too.

Unfortunately, this caused massive issues and he said he wished he never did it.

Some accused him of showing off and some thought that he must have won much more than he let on to be so generous, so were constantly asking him for money and getting shitty when he said no as he’s already given them enough.

Maybe you could give him some, any cash present is appreciated, as you like his kids? Doesn't have to be 10k

Congrats

No. His name was included on your list when you were together.

At the very least, not yet. You don't need to decide right now. Take some time and think about it for a long while.

Don't make decisions when you are in a really good or really bad mood.

I have updated my phone list 😉

'No good deed goes unpunished' is unfortunately too true. If I won the lottery (impossible - I have never bought a ticket) I would tell no-one, just do things like booking a large holiday home and inviting people to stay for free. I have given people quite a bit over the years and IME it is never enough for some - be aware that you will lose friends and possibly family whether you are generous or not.

As for the ex -if you like the children maybe give them1k each when they start uni or if you have a car get a new one and offer the oldest the old one for a bargain price. Then give any other ones a small sum because they didnt get the car.

Congratulations 🎊 That must be so lovely. Enjoy!!

You don’t know what he will spend it on

buy the kids either very nice Xmas presents or give them gift cards

I haven’t read all the tread but just wanted to say congratulations and really hope it’s a life changer for you. I would recommend you do nothing for now - put the money on deposit and come down from the high of winning first. Then consider what you want to do properly. I would also think about the people you want to give to and the reason.

I spend a long time thinking about how I would share out the money if I was to ever win a good amount 😂

I would have a good think about if you think you would figure in other people’s plans. I have got a lot more picky about who would get a share of my hypothetical winnings. I am pretty sure a lot of people apart from immediate family wouldn’t include me and I would be the same now - close family only.

Only you k ow your relationship but If you really liked his chn maybe put some into a bond or somewhere for them and don’t tell him.
Congratulations!

No he's not right.

This! A million is nothing these days.

A million won't go as far as it once did but it can certainly make a huge difference. You won't be worrying about you gas bill for starters.

OP I wouldn't give any to you ex and I would keep it to yourself how much you won.

You can be a bit more generous at Christmas and then over a period of time make out you've had a promotion /bonus earning more etc. No one else needs to know the ins and outs of it.

I know landlords are generally hated on here but you could buy a BTL property (and be a nice decent landlord).

Personally, I wouldn't give him the cash like that because I would want as few people to know as possible. However, what I would do is be extra generous with gifts in subtle ways for his children's birthdays, his birthday etc - same with your friends.