Annuity calculator
Two UK games pay a top prize over time rather than as one lump sum. This page shows how those payments are structured and where tax applies.
Set For Life
| Tier | Payment | Total over the term |
|---|---|---|
| Match 5 + Life Ball | £10,000 every month for 30 years | £3,600,000 |
| Match 5 | £10,000 every month for 1 year | £120,000 |
The monthly payment has a capital element (tax free) and an interest element that is subject to tax; the operator states the payment does not fall below £10,000 a month after tax at current rates. How Set For Life works
Powerball annuity
The advertised amount is paid as 30 yearly instalments that rise by about 5% each year — the first payment is much smaller than the headline. Figures below are an illustration of that structure, not an offer.
| Year | Payment |
|---|---|
| 1 | £1,505,143.51 |
| 2 | £1,580,400.68 |
| 3 | £1,659,420.72 |
| 4 | £1,742,391.75 |
| 5 | £1,829,511.34 |
| 6 | £1,920,986.91 |
| 7 | £2,017,036.25 |
| 8 | £2,117,888.07 |
| 9 | £2,223,782.47 |
| 10 | £2,334,971.59 |
| 11 | £2,451,720.17 |
| 12 | £2,574,306.18 |
| 13 | £2,703,021.49 |
| 14 | £2,838,172.56 |
| 15 | £2,980,081.19 |
| 16 | £3,129,085.25 |
| 17 | £3,285,539.52 |
| 18 | £3,449,816.49 |
| 19 | £3,622,307.32 |
| 20 | £3,803,422.68 |
| 21 | £3,993,593.82 |
| 22 | £4,193,273.51 |
| 23 | £4,402,937.18 |
| 24 | £4,623,084.04 |
| 25 | £4,854,238.24 |
| 26 | £5,096,950.16 |
| 27 | £5,351,797.66 |
| 28 | £5,619,387.55 |
| 29 | £5,900,356.92 |
| 30 | £6,195,374.77 |
The UK advertised jackpot is stated after UK tax. Investment returns inside the annuity are taxable, and for non-UK residents the prize may be taxable because the funds come from the USA. Tax on lottery winnings · How Powerball works in the UK