The Bankruptcy Club & Supporters Club

bizzylizzy

Doushka wrote:

Oh cripes, and there I was in the belief that mine was safe - being term assurance it has no surrender value. Hope my OR doesn't read this thread, she might decide she has to take that as well as my endowment policy which was my only likely means of more than state benefits come retirement age.

Hate to think what the increase premiums would be if i took out a new policy, mind you, arguably, with no debts and the house in OH name, him being the breadwinner too, there is nothing that would need paying off on event of my death, so perhaps I wouldn't need one. Still leaves the question of the critical illness cover aspect which I am adamant is a must these days

Hope you manage to sort something without too much expense bizzylizzy

Thanks, ours is a joint policy. I will not do without one. A close family member died earlier this year with no insurance and it caused a lot of extra problems (on top of the grief and shock ) as we all scrabbled around trying to pay for the funeral and other expenses. I can't put my family through that. (Not that I'm planning on going anywhere soon!)
I think this is an aspect of BR which isn't at all right or fair and it needs to be changed.

Mike_St_Helens

Can you start a life policy after your Bday ?

scootw1

Is there a reason why benefits don't get included in income when calculating an IPA? After all, they are still income regardless of the form. There are many people on just as much in benefits as someone earns? Is it fair to ask the wage earner to hand over money in that case when the person receiving benefits does not have to?

before anyone says anything by the way, I don't mind paying an IPA and I am not having a go at benefit claimants just curious as to the reasons that's all

missimaxo

scootw1 wrote:

Is there a reason why benefits don't get included in income when calculating an IPA? After all, they are still income regardless of the form. There are many people on just as much in benefits as someone earns? Is it fair to ask the wage earner to hand over money in that case when the person receiving benefits does not have to?

before anyone says anything by the way, I don't mind paying an IPA and I am not having a go at benefit claimants just curious as to the reasons that's all

It is deemed that benefits are "means tested" and are there only to meet your necessary expenditure. Likewise an IPA has to allow you your reasonable living expenses before considering whether to take any money from you.

A wage earner does not automatically pay an IPA - its only if they have excess income over expenditure.

sandralovescats

scootw1 wrote:

Is there a reason why benefits don't get included in income when calculating an IPA? After all, they are still income regardless of the form. There are many people on just as much in benefits as someone earns? Is it fair to ask the wage earner to hand over money in that case when the person receiving benefits does not have to?

before anyone says anything by the way, I don't mind paying an IPA and I am not having a go at benefit claimants just curious as to the reasons that's all

State Benefits are there to allow a person to live.

I have yet to meet anyone who has as much money on benefits as they would have if they were working.

Most people that I know whom are on benefits, folks who are single with no children get around £85-£95 per week.

The Government set the minimum figure for living at, I think, £81.55 per week or thereabouts.

Yes, if they are renting a house/flat it is paid for and most of the Council Tax is paid for.

A friend whom is single parent of one child gets £104.50 per week.

The State Benefits are given by the Government, so what would be the point of giving that money back in an IPA?

scootw1

So you could add £120 to that £80 to take it to £200. I know quite a few people working for that sort of money and have to pay rent and council tax.

I even know one bloke who is on £1000 a month benefits, no council tax and money off his flat so that's MORE than some people earn.

Anyway, thats an aside.

as for benefits paid by the Government, I work for the NHS so technically I get paid by the Government as well

Mike_St_Helens

sandralovescats wrote:

State Benefits are there to allow a person to live.

I have yet to meet anyone who has as much money on benefits as they would have if they were working.

Most people that I know whom are on benefits, folks who are single with no children get around £85-£95 per week.

The Government set the minimum figure for living at, I think, £81.55 per week or thereabouts.

Yes, if they are renting a house/flat it is paid for and most of the Council Tax is paid for.

A friend whom is single parent of one child gets £104.50 per week.

The State Benefits are given by the Government, so what would be the point of giving that money back in an IPA?

When we went to hell and back earlier in the year, we couldnt claim anywhere near £81.55... Wheres that figure from?

We had to battle like mad to get just over £50... and as said.. That was a battle and a half ! How degrading is it going to the job centre every two weeks to be 'intervoewed'.. whilst outside the scum are all there drinking cheap cider and eating pies waiting for their fortnightly appointment....

Also the government have othing to do with an IPA, its money to creditors. That said, if your oin benefits, its highly likley there is nothing left out of expenses to pay an IPA anyhows...

Mike_St_Helens

Mike_St_Helens wrote:

When we went to hell and back earlier in the year, we couldnt claim anywhere near £81.55... Wheres that figure from?

We had to battle like mad to get just over £50... and as said.. That was a battle and a half ! How degrading is it going to the job centre every two weeks to be 'intervoewed'.. whilst outside the scum are all there drinking cheap cider and eating pies waiting for their fortnightly appointment....

Also the government have othing to do with an IPA, its money to creditors. That said, if your oin benefits, its highly likley there is nothing left out of expenses to pay an IPA anyhows...

Please excuse the spelling..... KeYBooooard SSSSticKKKKing !

sandralovescats

Scoot, I live in my Mother's house. I am on the basic Incapacity Benefit and Income Support of £81.xx per week. That is it, that is the sum total of my allowances.

I have had to get rid of my mobile phone, reduce my landline to the basic, my internet is wireless to my Mum's. Other than that, I pay for food and to go swimming - which I have to do for my medical condition. That is it. No spare money for anything.

I get DLA which is taken to pay for my car. If it wasn't for the DLA and Motability I would not be able to afford to have a car at all, so I am blessed in that respect, although I would be allowed the DLA even if I was working.

I am sure that some people can work the system to get more money particularly if they have children.

scootw1

Mike_St_Helens wrote:

When we went to hell and back earlier in the year, we couldnt claim anywhere near £81.55... Wheres that figure from?

We had to battle like mad to get just over £50... and as said.. That was a battle and a half ! How degrading is it going to the job centre every two weeks to be 'intervoewed'.. whilst outside the scum are all there drinking cheap cider and eating pies waiting for their fortnightly appointment....

Also the government have othing to do with an IPA, its money to creditors. That said, if your oin benefits, its highly likley there is nothing left out of expenses to pay an IPA anyhows...

It's really weird how some get a lot more than others. And don't have to be interviewed either. You would think the same rules would apply across the board. And I can tell you Mike that a lot of people don't need the benefits as, like you say, they drink it up all day, every day. But then there are the needy ones who can't get them. Life sucks.