£1m now or £10k/month for 10 years?

[Bozza]

Inspired by the ever-youthful Andi Peters on This Morning this morning, would you choose to take:

- A cool £1 million now as a lump sum, or
- £10,000 a month, every month, for the next ten years?

(Does anyone have details on Andi's skincare regimen?)

[duchy]

Who is to say what tomorrow may bring ……. I’d take the million now , the ten thousand a month will be worth less with inflation anyway.
I think Andi has a mirror in his attic.

[Taffy1959]

I’d take it all now a give the kids £100.000 each leaving £600,000 which at our age would be more than enough for us to be extremely comfortable for the rest of our lives.

[Kat11]

Originally Posted by Bozza

Inspired by the ever-youthful Andi Peters on This Morning this morning, would you choose to take:

- A cool £1 million now as a lump sum, or
- £10,000 a month, every month, for the next ten years?

(Does anyone have details on Andi's skincare regimen?)

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I think 10k a month over 10 years as I’m quite good at deferred gratification. 😂 and the thought of the extra 200k is very appealing. (20% on top is brill and 10 years goes so quick!)

Andi said this morning that he wears a lot of makeup when he’s on the telly so maybe it’s that which makes look young. But I did see him in Benihana in London maybe 15 years ago and he looks the same now!

Kat

[Colette-S]

£1m now, you never know what’s round the corner! It would also buy me a few things from my wish list including a few appointments with Andi’s plastic surgeon

[munmun]

What is the tax position on this!

[Kat11]

It’s tax free.

I think the age of the recipient would have an influence over the decision. At 45 the 1.2 million would suit me but if I was say 65 I’d take it all now.

Kat

[duchy]

Originally Posted by munmun

What is the tax position on this!

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Prizes are tax free , although if that changed in the future I suppose the £10K a month might be taxable so a very good point !

[mick]

When you're both 75 one has to be a little pragmatic on this.

I'll take the million now please.

Mick

[disney332]

A bird in the hand is worth two in the bush.

Disney332