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retirement age and life expectancy
Comments
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If they have a £200k house how do they get HB and if they have sold their house and have 200k in the bank how do they get anything above state pension? I don't understand that, the 7years must be fixed when they either have a house or a wad of cash.
House you are living in isn't classed as capital. In fact, if it is for sale & you move out (for a valid reason, eg to be near an ill relative to provide care, or give care, or for medical treatment) then for 6 months it is ignored.
So, move to be nearer a hospital, rent somewhere, claim state pension & pension credit (& therefore hb & ctb). Your house is ignored as is for sale & you're within the 6 months.
Pension credit is awarded. Which passports you to full hb/ctb.
House then gets sold. Ring pensions service to say I have £200k. Pension service say don't need to tell us until you get re-assessed, in 6-7 years time!
Shocking but true.
I had to convince some people to stop paying rent, as they had 5k credit on their account.
Shocking, but true. & the main reason is PR - local councils did not like the media becoming aware of & reporting on them prosecuting oldies who were overpaid, or committing fraud.It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
lemonjelly wrote: »:eek:How can I do this?
How do you turn a duck into a soul singer?
Put it in a microwave until its bill withers!
badum-tish!:D
not that cheering for a vegetarian but thanks for the effort.
(i meant if you retire at 50 and live 36 years to 86.)Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0 -
lemonjelly wrote: »Shocking, but true. & the main reason is PR - local councils did not like the media becoming aware of & reporting on them prosecuting oldies who were overpaid, or committing fraud.
Is that still true :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
lemonjelly wrote: »So, move to be nearer a hospital, rent somewhere, claim state pension & pension credit (& therefore hb & ctb). Your house is ignored as is for sale & you're within the 6 months.
Pension credit is awarded. Which passports you to full hb/ctb.
House then gets sold. Ring pensions service to say I have £200k. Pension service say don't need to tell us until you get re-assessed, in 6-7 years time!
really interesting. i'd like to see the daily mail do a special on silver haired benefit fraudsters rather than immigrants for once.Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0 -
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Really2 you just posted something, & I assume deleted it (perhaps due to the nature of it)?
I'm happy to answer it by PM if you wish.It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
lemonjelly wrote: »Really2 you just posted something, & I assume deleted it (perhaps due to the nature of it)?
I'm happy to answer it by PM if you wish.
Have done cheers.
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Maybe there is a distinction here...
Between people who actually plan for their retirement and those who just stick money into a pension? There is a huge difference.0 -
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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