Lee Boyce

per banking license so you'd have to split it if you did it that way but if you get six months though am i right in thinking you get six months up to 1.4 million for a big financial sort of transfer like a divorce or house sale inheritance yeah so you'd have time to think and we should point out here as well that the answers that we kind of got on this are presuming that this is tax-free this is a tax-free lump of lumber cash that's come

But what I was saying is NS&I, something like income bonds, have a max of a million pounds treasury-backed.

So you could put your million pounds into there, take the monthly income, and that's going to probably return you not far off that £4,000 a month.

And it'd be secure in a government-backed bank.

So basically, you could make that money.

And that's a very conservative thing.

Really, you could be getting between 5% and 10% returns on a million pounds monthly.

fairly simply without having to take tons of risk but the ns and i one would be the the real bottom risk level um and then you're going to be you're going to be turning that money around and getting that paid out every month so you're basically attacking it anyway um and then we always talk about compounding and eventually that 1 million will become way more than that pretty quickly and the other thing is to factor in inflation uh which is a pretty dull thing to talk about but

Over time, the buying power of £1,000, gradually you feel less well off.

So if inflation averages 2.5% over the next 20 years, that sum will only be worth around £609 per week by 2046.

So those two things added up together means that the lump sum is probably the correct answer.

And that's what the two savings experts that we've spoken to have told us.

But I do also understand that low of the weekly amount.

You know, £4,000 a month tax-free is way more than the average UK salary.

And it might...

But depending where you are in your life, it might cover your mortgage, your bills and all that kind of stuff and free you up to do whatever else you want to do in your life and weigh it up.

But also a million pounds could do that because you can tuck it into something that pays you a monthly amount, which is why, you know, for most people would be the no brainer answer.

Oh, it's definitely not going to be you.

It definitely could not be you.

It's just...