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Original poster

Technical question on winning the lottery

42 replies

PolkaDotMankini · 07/04/2023 13:25

Say I won the lottery and wanted to anonymously give someone £100k, or pay off their mortgage. How would I do it? I wouldn't have their bank details or want them to know it was me.

OP posts:
Vroomfondleswaistcoat · 07/04/2023 14:16

I'm really really forgetful. If anyone wants to give this a go, we can put it through my bank account just to check how it all works, but I will have forgotten who you are and where the money came from by tomorrow.
Honest.

daisychain01 · 07/04/2023 14:39

If you're close enough to the person that you'd want to help them out with their mortgage, then you'd have a conversation about it. Who knows, they may not want to have their mortgage paid off by you, they may feel uncomfortable, over-endebted, embarrassed. You have to give them the option otherwise it's all about you when it should be all about them.

£100K may be an inappropriate amount of money, whereas a lesser amount eg £50K may help and show them you care about them.

you need to think of the beneficiary's needs first and foremost.

Staying anonymous just adds a world of complexity to the situation, because you may need to divulge that it was you who gave the money at some future time and then it opens a can of worms.

Original poster
PolkaDotMankini · 07/04/2023 17:24

I think the opposite: the recipient is more likely to feel embarrassed and beholden if they know it's from their relative/friend/acquaintance. If they don't know who it's from but a solicitor is sorting it out, then they might well be curious but also just pleased that they're having something nice happen to them. There's no one to feel beholden to.

OP posts:
Changeau · 07/04/2023 17:35

PolkaDotMankini · 07/04/2023 17:24

I think the opposite: the recipient is more likely to feel embarrassed and beholden if they know it's from their relative/friend/acquaintance. If they don't know who it's from but a solicitor is sorting it out, then they might well be curious but also just pleased that they're having something nice happen to them. There's no one to feel beholden to.

I'd assume it was a fraud. I'd find it really stressful.

EineReiseDurchDieZeit · 07/04/2023 17:51

There's been a thread similar recently its actually very hard to give people large sums because of tax. You get connected to a wealth management person or a financial advisor by Camelot and they help you with what you want to do. You also need a private bank account which Camelot also help with.

Jumpingveans · 07/04/2023 18:21

When we cleared our mortgage with a six figure sum the bank worker on the phone asked us where we'd got the money from, we told them earnings (the truth) and there were no further questions. It's not the same as when you first take out a mortgage and have to supply written proof, declarations of a gifted deposit etc.

Don't see the point in staying anonymous though. It will just raise suspicions and they'd realise it was you because your lifestyle spending will increase.

No tax on gifts in the UK, unless the giver dies within 7 years.

emmaliz · 07/04/2023 18:58

You would probably have to pretend that you'd be gifted some money too. If you helped your close friends and family they might soon work out the source otherwise?

Rockbird · 07/04/2023 18:59

I'll let you all know later when I win the £47m. My girls have already spent most of it though...

jay55 · 07/04/2023 19:22

I once gave a gift to someone anonymously and someone else took credit for it, and leveraged it for a favour. I was mightily pissed off.

Not a massive amount, and I've not won the lotto.

BlobLobIaw · 07/04/2023 19:35

I have mentally compiled a list of who I'd gift money to, and all the good things I'd do with a massive lottery win. It would be sooooo wonderful to help my good friends out. I have it all planned.

  • buy a house for the kids and me. Book some holidays.
  • buy a house for my friends A, and V.
  • pay off P's mortgage (ideally persuade her to move 200 miles to live nearer me. I think she would, too.)
  • pump money into the local state school to get it of a standard of the privates. Fund nice school trips, etc.
  • Buy my friend C a place to live. Again ideally close to my kids and me
  • do something about homelessness
  • buy all the eateries in my village and convert them to vegan restaurants and cafes
  • buy my dream sofa/bed/ all the nice furniture
  • get a campervan
NeedToChangeName · 07/04/2023 20:16

I would hate to receive an anonymous gift. I'd be looking at all my friends, family and acquaintances, wondering who it was. I'd far prefer the transparency of knowing who offered the money, deciding whether to accept it, and being able to thank them

BlobLobIaw · 07/04/2023 20:21

NeedToChangeName · 07/04/2023 20:16

I would hate to receive an anonymous gift. I'd be looking at all my friends, family and acquaintances, wondering who it was. I'd far prefer the transparency of knowing who offered the money, deciding whether to accept it, and being able to thank them

I'd rather receive a gift that would change my life for the better, than no gift at all. I'd be so grateful.

daffodilandtulip · 07/04/2023 21:20

If you're close enough to want to pay someone's mortgage off, then surely they'd notice your lifestyle change and they'd know you'd won the lottery and that it was you anyway?

Original poster
PolkaDotMankini · 07/04/2023 22:17

I wouldn't want a massive lifestyle change and we earn enough that our lives are pretty cushy anyway. There's no point moving house as the DC are happily settled at school with long-standing friendship groups. We have EV cars. We go on nice days out and take multiple holidays to cool places. We eat organic, high-welfare food. I like my job. All that would change in the short to medium-term is that we'd have a loft conversion and that's hardly extraordinary. We'd also fly first class when we go on holiday but no one needs to know about that! The thing that would really change is our ability to help other people.

OP posts:
daisychain01 · 08/04/2023 03:44

Changeau · 07/04/2023 17:35

I'd assume it was a fraud. I'd find it really stressful.

Show quote history

Exactly. It's unbelievably naive to think that if £100K just showed up on your bank account organised through a solicitor that the recipient wouldn't feel creeped out or at least curious to know more, at least why them and not someone else, and who was the person that they wouldn't reveal their identity. They'd likely insist that the solicitor divulged the identity of the person doing it. There could even be massive trust issues, such as the fear that it was an error, or that the person wanted something from them in return.

ReadersD1gest · 08/04/2023 03:56

AllThatFancyPaintsAsFair · 07/04/2023 14:03

Which would be answeed in seconds when you said where you'd got the money from

I don't see why that would be a consideration

Show quote history

It would be the recipient being questioned, not the giver.

Nanaof1 · 06/05/2023 05:17

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