£148m Euromillions Lottery Winners Plan to Donate to Children's Charities

Posted on August 14th, 2012

Wow. That was a big one. The Euromillions lottery Gold Medal podium win we mean:  Adrian and Gillian Bayford just won £148m which puts them up there in terms of net worth with Jamie Oliver and his wife Jools- and without having to come up with any Tuscan Sun Kissed Pollo Con Montepulciano recipes.

For those of you who prefer their cash to be green, this win equals US$235 million. And if you  like your cash in euros, we are talking a whopping €188,000,000. If I was them though, I’d take the cash in US dollars, as the Euro seems to be heading down to 1.20 against the dollar, despite the recent blip up.

The couple from sunny Suffolk who have just had a pay day to end all pay days- £148m on the Euromillions lottery have said they will try and make sure it benefits the whole family.

Adrian Bayford is 41, and Gillian is 40- they won the UK’s second biggest ever lottery jackpot in Friday’s lottery draw, Camelot said.

Gillian Bayford said she thought her husband was pulling her leg when he said they had won.

They have a six-year-old daughter and a 4 year old son. New bikes for those two then? Probably Bradley Wiggins exact duplicates I should think (signed by Bradley).

Mr Bayford co-owns Suffolk Music Centre in Haverhill: a second hand vinyl store. Apparently, they have been playing vintage Abba 45’s since the win:

“Money, money, money
Must be funny
In the rich man’s world
Money, money, money
Always sunny
In the rich man’s world
All the things I could do
If I had a little money
It’s a rich man’s world”

My Bayfordd said he thought he had forgotten to buy a ticket when they watched Friday’s draw on the Telly. Luckily, he was mistaken.

The couple, have been married for 8 years (a very lucky number in China!), spent the night surfing the net deciding how to blow the cash.

A fancy home is on the cards, and Mrs Bayford wants to buy an Audi Q7. Looks like she’ll be ordering leather seats, the top audio systems and all the bells and whistles. We’s go for the Audi Q7 4.2 TDI Quattro S Line plus. Ii’s only £60,180. You’ll have bags of change left over from £148 million and you’ll be able to afford the extra diesel.

Hubbie wants to visit the Canadian Rockies by train (first class I presume), and the kids want to visit Disney World. No point in slumming it in EuroDisney now…..

Mrs Bayford, who is from Kirkcaldy in Scotland, also intends to put her good fortune to good work: “Children’s charities are close to our hearts.”

Many congratulations to the Bayfords! Good for you!

And will they pay tax on their lottery win in the UK? No, but any income derived off the win will be taxable, so you can be sure that they’ll have a million and one financial advisors beating their door down.

Lottery winnings are not classified as income by HM Revenue & Customs so there is no income tax to pay – even on a £148m win claimed by the Bayfords.
However, if they gave away millions to family members etc they could be caught with inheritance tax.

So, what would be the best advice for this week’s £148 million winners?
We’d say don’t rush into anything. Get away for a week or two and think about things. Take your time.

Will this money change your life? Undoubtedly. Fancy having a shot?
Play Win Trillions Here.

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