When British politician Jeremy Hunt received a surprise windfall of £45,000 in unclaimed taxes, the question of how to spend or to hold the money arose.
The windfall came from a tax rebate he had requested from HMRC, and Hunt was stunned to receive such a large sum. The money was the result of a mix-up in his tax returns that had gone unnoticed for several years.
Now, Hunt is faced with a difficult decision: should he spend the money or save it?
The obvious choice is to spend the money, and Hunt has already expressed his intention to use the money to help pay off some of his debts. He could also use the money to treat himself and his family to a well-deserved holiday or make a donation to charity.
However, Hunt could also choose to save the money. He could invest it in a long-term savings account, which would help him to build up a nest egg for the future. Alternatively, he could use the money to invest in stocks and shares, which could potentially generate a substantial return over the long-term.
Ultimately, the decision of how to spend or to hold Jeremy Hunt’s unexpected tax windfall is entirely up to him. Whatever he decides, it is clear that the money will be put to good use.