How to handle a £180,000 cash windfall
Stash it, invest it, put it in your pension or plan the trip of a lifetime — we look at the options
The Sunday Times
Three weeks ago, Alec Richardson, 32, became £180,000 richer overnight. He got this happy windfall after the company he works for, 4most Analytics Consulting, sold a majority stake to the private equity firm Phoenix.
Staff at the credit risk consultancy are part of the company’s Employee Ownership Trust, which means they own shares in the business and have a say in how it is run. When the buyout took place, employees earned a payout.
“It was unbelievable,” said Richardson, an associate director at the firm. “I’ve never been in that position before. I’ve worked jobs where you get a bonus worth a few thousand pounds, but I’ve never had this amount.”
While many of us might daydream about what we would do with a sudden
