Annuity or lump sum? Calculating how much a huge lottery win

take home lottery calculator
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Here's how much of the prize you would take home after taxes — plus five ways to invest your windfall

For details, see Medicare levy on the ATO website Use the income tax calculator Work out what your take-home pay will be after tax and the Medicare levy

take five lottery Alternatively, if you want your winnings now and you're willing to settle for less, you can take the lump-sum prize If you're thinking lump

take santa''s shop slot But after taxes, the actual take-home winnings could be just over a quarter of that amount, depending on the choice of payout and the state