coventrytelegraph.net/news/ … 429967.amp
To be fair 350k isn’t to be sniffed at but I bet it wouldn’t last long if you jacked in working.
Might not make him the most eligible bachelor in Rugby either but at least he can get himself a nice gaff to go home to after work. That might not be far off what most of us want / wanted from life anyway.
njl:
https://www.coventrytelegraph.net/news/coventry-news/watch-truck-drivers-350k-lottery-18429967.ampTo be fair 350k isn’t to be sniffed at but I bet it wouldn’t last long if you jacked in working.
Might not make him the most eligible bachelor in Rugby either but at least he can get himself a nice gaff to go home to after work. That might not be far off what most of us want / wanted from life anyway.
It will go a long way when he goes back home !! Millionaire status
Got the love the’ but he’s not giving up working’ shock. Anyone who gives up work on that amount isn’t destined to hang on it for long!
I’d not complain about having 350k.
But you can’t really retire on it
.uuless he invested it maybe started some.lond of business.
Say he’s on a good job that pays 30k a year it’s like 12 years wages.
Factor in by time. Bought a nice house car and holiday.
Not life changing but not to be sniffed at and well.done.him
Sounds like he’s got his head screwed on right, he’s only 40 he’ll own his home outright with no mortgage and as long as he doesn’t go mad with the rest of it he’ll lead a good comfortable stress free life .
Maybe now he is wealthy, he might go PAYE and start putting something back into the country that has given him a good life.
eagerbeaver:
Maybe now he is wealthy, he might go PAYE and start putting something back into the country that has given him a good life.
I was talking to one of our regular (been at our place 15 years regular) Ltd Co agency drivers last week who was ■■■■■■■■ and moaning about how much he was losing by only getting the odd day per week. I told him that he’d had numerous offers to take the company shilling or at least go PAYE with the agency. His response was “what, and get stung for tax?” My response “by stung for tax do you mean paying what the rest of us pay?”
No sympathy from me.
Never mind buying a house here, if he took it home he could buy the whole village!
These days, unless you’re already a dab hand at playing the financial markets - you’d need around £1.3million to generate a trucker’s income out of maximum £80k in multiple ISAs and bank accounts, along with the maxed-out amount of Premium bonds…
For those with a risk appetite higher than zero - I’d recommend buying 26 different shares that pay dividends returning in the 3%-4% yield range, so you’ll have a dividend cheque (final or interim) for every week.
You’d pay base rate income tax on such dividends, but even 3% net on £1.3m would return a income of £39,000pa - about the top end of what one can get driving trucks…
You might even want to still drive “part time” even then, of course - because you’d be more tax-efficient that way. Just enough work to “use up your tax-free income allowance”…
As such, £350,000 fully invested in the same way - would only return about £10k in dividends by comparison as income. You’re not bothered if the market goes up or down, as you’re buying these shares to tuck away long term. Just buy the shares that are down on their luck of late, but are no nearer to going bust now than they were say, a year ago.
Some rock-solid shares have dropped so much in price in the recent stock market slump that their dividend that might have been 1-2% a year ago - now pays 3-4% indeed, without the dividend actual amount ever having been increased…
Dare I say “Food Businesses” might be the way to go? Forget Supermarkets - I reckon they’ve had their day now, with more and more people making an adventure out of taking their car along to some farm shop where they might pay 10% more for what they buy - but never have to queue for over an hour to get past the social distancing measures now firmly in place at all major supermarkets… 
It isn’t hard to find loads of shares that pay the required amount - but it is a bit more complicated to string 26 different firms together that pay their dividends at the different weeks of the year where you want income every week, rather than whole bunches of cheques at the end of each quarter, and bugger-all the rest of the time otherwise… Use a proper stockbroker, and ask for their “execution only” service, because you can pick your own stocks out of the pages of the FT that’ll tell you what all the dividends are… 
the maoster:
eagerbeaver:
Maybe now he is wealthy, he might go PAYE and start putting something back into the country that has given him a good life.I was talking to one of our regular (been at our place 15 years regular) Ltd Co agency drivers last week who was ■■■■■■■■ and moaning about how much he was losing by only getting the odd day per week. I told him that he’d had numerous offers to take the company shilling or at least go PAYE with the agency. His response was “what, and get stung for tax?” My response “by stung for tax do you mean paying what the rest of us pay?”
No sympathy from me.
If the state has the monopoly on currency creation, why would the state need to extract currency from the economy (taxation) to provision itself?
The short answer is, it doesnt need a penny from anyone to pay for anything, the state can by a keystroke in a computer create currency out of thin air, and pay for what it wants. (2008 Banking system bailouts, 80% furlough scheme)
So why the heck taxation exists?
Only and only to create demand for that intrinsically worthless piece of paper (nowadays plastic) that the state produces to provision itself, the currency bills.
If you dont pay your taxes (using the bills only the state can create) the state, with the second most important monopoly, the monopoly on violence, can deny you of privileges (what most think are rights) it grants to tax paying citizens, thus creating demand for its currency, as most citizens always want more privileges.Thus fostering on people the need to work for the state and thus provisioning itself.
Higher taxation in conjunction with lower spending (a.k.a. austerity) can also be used as a way to control price rises (inflation) by reducing the currency supply, but it very rarely works as quick as intended, and when it normally does the social pain is so big that the state may be inviting a constitutional change (Brexit) or worse, a revolution (here you can pick your preferred revolution due to in part high taxtation : american war of independence, french revolution, the russian revolution).
If a chap doesnt want the privilege of being informed that his skills will no longer be needed in 45 days time, or the privilege of having his bank account credited with the freshly typed electronicly created ever decreasing in amount and value dole cupons, once his ltd company no longer can secure a contract, or the privilege of a golden handshake at the end of ‘X’ years of servitude, or any other privilege for that matter, why would he need to fork out now for something that he doesnt want now nor in the future?
It is like telling someone to pay for a product that they dont wanna get. And when they dont, they are classed as sneaky.
Beau Nydel:
Never mind buying a house here, if he took it home he could buy the whole village!
^^^^^^^^^^^
or to save the travelling,he could just head up the road and buy hull… 