There will be lawyers and financial advisors on hand to make sure everything has gone smoothly and to ensure that there are no loose ends to tie up. Whether you decide to go public or not, the National Lottery will continue to be on hand to provide support. They do not simply make the sure the money is transferred and then forget about you, as they know that it can take time to adjust to life as a big winner.
They will be available to offer advice for as long as you want it, but they will always emphasise that it is up to you to do whatever you want with your money. As life goes on and you adapt to your new financial circumstances, there are a few tax implications for you to keep in mind. While lottery winnings in the UK are not taxed, the interest on your win will be subject to income tax.
If you wish to gift some of your money to others, they may also have to pay inheritance tax if you die within seven years of sharing the money.
See the Taxes page to learn more. Sign In. The winner can choose the bank they would like to hold the money with, but a brand new account with that bank is set up — usually with a private arm of that bank who specialise with dealing with large sums of money of this kind.
This bank account can be open for as long as the winner needs it to be, or they can move the money to other accounts once it has cleared after a couple of days. Andy also impresses that any publicity surrounding a winner is a personal choice and there is no set media schedule — every winner is different.
We have an aftercare programme in place to ensure that all winners have access to legal and financial advice. Often they like to talk to someone or just let us know what they have been up to. After that, the money plus the interest it has generated whilst it is held in trust, is passed over to National Lottery Good Causes. During this follow-up meeting, big money winners are given free legal and financial advice on how best to manage their money in order to achieve what they want with it.
You can buy EuroMillions tickets online every day from 6am until 11pm. But remember, to play on a draw day, you'll need to buy your ticket before 7. Play every Tuesday and Friday. But remember, if playing on a draw day, you'll need to buy your ticket before 7. Look out for massive EuroMillions events. Actual prizes will vary each draw, depending on currency exchange rates, how many tickets are sold and how many entries match the same numbers.
Use our App on your mobile to see if you've won. You can also scan paper tickets for instant results. Most of us have dreamt about winning big in the lottery — I know I have. But what do we actually know about the effects of lottery wins on our lives? Will being a jackpot winner make us happy now, or in the future? Winning a moderate amount of money in the lottery has an effect on who we are, how we spend our money and what we want to do with our lives.
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