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What to do when you have won the lottery

Finally, your lucky numbers came in. You have double and triple checked the ticket and you are a winner.




Winning the lottery is something you've talked about with your friends of course, and told them what you'll spend it on. The new car, gifts to your family, a new house.  But now it has really happened, and you aren't sure what to do. Suddenly surrounded by friends and professionals offering their advice, it might feel like you're caught in a whirlwind.


If you have won the lottery, you will need practical advice about what to do with it, whether that's repaying debt, investing it or putting into a trust. There are lots of options and it needs careful planning from the outset, particularly to keep your taxes minimised.


Our advice is to give yourself plenty of time to come to terms with your new wealth and what you can do with it. Don't make any immediate decisions with your money that you can't undo later.


Also, just because you've won the lottery doesn't mean the money can't run out. By understanding your vision for the future, and forecasting your wealth over your lifetime, we can show you what you can (and can't) do financially. We also optimise your wealth with careful planning, minimising taxes and making the most out of every penny.


If your lucky numbers have come in, read our key advice for big events and get in touch with one of our expert financial planners.

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Lucky Numbers - What to do when you win the lottery sm