Last week Les Scadding and his wife Samantha Peachey-Scadding from Caerleon, South Wales, won £45.5m on the EuroMillions. Two IFAs offer their advice tips...
This huge, tax-free win means the couple is now as wealthy as many supermodels, footballers and movie stars. Mr Scadding, 58, is an unemployed grandfather of six and cancer survivor. His wife, 38, runs a marketing and PR company from home. What should they do with their newly found fortune? Peter McGahan, managing director, Worldwide Financial Planning Limited The UK Government will have helped Les and Samantha with the extra nil-rate band for inheritance tax. That will have pulled the total IHT bill down from £18,070,000 to a mere £17,940,000. What a bonus! The extra ...
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