Lee Boyce

But 18 to 24-year-olds, 26% would take a lump sum and 66% would take weekly.

And then 25 to 49-year-olds, it was 43% would take lump sum, 53% would take weekly.

50 to 64-year-olds, 64% would take lump sum, 32% weekly.

And then 65 plus, 80% would take lump sum, 17% weekly.

Now, the divide in Asia is pretty obvious, isn't it?

The older you are.

the less likely you are to make that 19 years to add up to a million pounds but there's two things you really need to you would factor in on this and actually this would be such a beautiful problem to have wouldn't it georgie and i must admit from time to time very occasionally um i played the lottery um especially euro millions if they do one of those bumper ones where they're giving away loads of

The one million pound prizes and there's like 10 of them or whatever.

I sometimes do that.

So I think the odds are extremely long, but they get a little bit shorter on those prizes when they do that.

And I start to mentally spend the money, you know, what would I do with it?

Holidays, family, friends, you know, whatnot.

You start to mentally spend what you would do with that money.

And I think we all potentially do that from time to time.

Now, the first thing I'm going to do to convince you to say a million pounds lump sum is the correct answer is you're totally right.

Actually, sometimes having big pots of cash, it sounds lovely on paper, but it can be quite confusing where to put it to make sure your money is protected and splitting it around.

And of course, sleepless nights, you know, worrying where that money is.

You know, you don't want to be scammed.

You don't want to be this, that and the other.

But so the financial services compensation scheme is up to £120,000 per bank.