Pension Credit and Mortgage Interest payments

morgaine65

Thanks Poppasmurf, I wish all us people of like minds could get together and take the !!!!!!s to court for the terrible damage their doing to people all over this country!

krisskross

STOCKWIRE wrote: »

That's to encourage them to go out and find employment. Slightly different for someone retired having worked all their life. They have paid into the system and deserve a comfortable retirement.

My neighbour has a very comfortable retirement, in fact she tells me she has never been so well off in her life!

This is because she claims pension credit having never worked. When her rent, council tax, dental plus optical benefits are added to the £137 a week in her hand she has a very comparable income with us who receive no means tested benefits because we made provision for retirement (now weren't we silly, we could have been spending that money each month). To add insult to injury we have to pay income tax on our income but she doesn't because only the actual cash part is counted for income tax purposes.

i think today's pensioners claiming pension credit are extremely well catered for.

Our mortgage was originally going to continue past retirement age but we re-mortgaged and found the extra required each month to ensure it was all paid up. What on earth did people expect was going to happen if there was no help with the mortgage past retirement. Why not sort it out while still working?

morgaine65

bunny999 wrote: »

You are getting far more than people on other benefits eg JSA for the over 25s is £67.50 and about £50 for the under 25s. So it is hardly going to be illegal for you to have to live on twice the amount that lots of other people have to live on.

Everybody's life is different - nothing is predictable with any government! I'd appreciate it if you'd stop being so judgemental - I really don't need anybody to be ticking me off after bringing my children up single-handed without any maintenance, running businesses to keep myself off the dole and helping as many people in need as I could, throughout my adult life. Also, if you'd read my post more thoroughly, you'd see that my main question was the unlawfulness (or not) of stating what a minimum income to live on is, and then telling me that now I suddenly need less to live on, because of a change in the mortgage interest rate that the government will pay! ie. I am expected to live on less now than I have done for the last few years! It's a nonsense, as are many of the new privacy laws, more cameras per capita in the UK than anywhere in the world, new draconian rules and regulations etc, being introduced in this country on a weekly basis! My situation is only one of many similar plights, I'm aware of that! However, after 65 years on this beautiful planet, I've seen, in the past 40 years, people's rights, income and freedom being eroded year after year. I would ask you to wake up and see what's really going on.

morgaine65

krisskross wrote: »

My neighbour has a very comfortable retirement, in fact she tells me she has never been so well off in her life!

This is because she claims pension credit having never worked. When her rent, council tax, dental plus optical benefits are added to the £137 a week in her hand she has a very comparable income with us who receive no means tested benefits because we made provision for retirement (now weren't we silly, we could have been spending that money each month). To add insult to injury we have to pay income tax on our income but she doesn't because only the actual cash part is counted for income tax purposes.

i think today's pensioners claiming pension credit are extremely well catered for.

Our mortgage was originally going to continue past retirement age but we re-mortgaged and found the extra required each month to ensure it was all paid up. What on earth did people expect was going to happen if there was no help with the mortgage past retirement. Why not sort it out while still working?

Everybody's life is different - nothing is predictable with any government! I'd appreciate it if you'd stop being so judgemental - I really don't need anybody to be ticking me off after bringing my children up single-handed without any maintenance, running businesses to keep myself off the dole and helping as many people in need as I could, throughout my adult life. Also, if you'd read my post more thoroughly, you'd see that my main question was the unlawfulness (or not) of stating what a minimum income to live on is, and then telling me that now I suddenly need less to live on, because of a change in the mortgage interest rate that the government will pay! ie. I am expected to live on less now than I have done for the last few years! It's a nonsense, as are many of the new privacy laws, more cameras per capita in the UK than anywhere in the world, new draconian rules and regulations etc, being introduced in this country on a weekly basis! My situation is only one of many similar plights, I'm aware of that! However, after 65 years on this beautiful planet, I've seen, in the past 40 years, people's rights, income and freedom being eroded year after year. I would ask you to wake up and see what's really going on.

Oldernotwiser

morgaine65 wrote: »

Thanks Poppasmurf, I wish all us people of like minds could get together and take the !!!!!!s to court for the terrible damage their doing to people all over this country!

When you were working, Pension Credit didn't exist so you'll have rather more coming in than you would've expected from the basic pension.

singlar

Pension Credit is the minimum that the government says that a person of pensionable age needs to live on. It is more than the rates below 60 as they have more needs in general.

However, having a mortgage is a choice and as such, plans should have been put in place to ensure that you could live off the benefit.

computersaysnoagain

Lots of people no matter the benefit, if their interest mortgage is not totally covered by the rate set by govt are having to pay it. Each benefit claimants letter will say the amount you are to live on by law, but wether disabled, seeking work or retired having worked all your life, it will make no difference, the amount will need to be paid or you have the choice to downsize or move to cheaper property.

Alright job seekers are paid less to encourage seeking work, but they still have to eat, pay priority bills and hope fully travel to the next interview. In my opinion it is up to you to budget with what you have rather than get upset at having to pay part of your mortgage. Its the same as a person retired in rented accomodation, if they choose a house with larger rent that they could manage prior, once the rate cap is set lower than prior allowed if their home is above that, they have the choice to move and live within their means.

Just a fact of life, what about the disabled, who prior were told they were entitled due to their disability to an ammount set by law. The targets moved, the levels changed and now they are fighting when genuinely ill to get what they need to survive. People with brain tumors are labelled as fit to work, its not fair, but hey we just have to get on with it. If there is food on the table, heat available and a roof over our heads, it seems we have forgoton our priorities if feel agrieved when there is nothing we can do to change it. Destress and live with what you have got or move when can.

This is a forum that will gain a variety of opinions, sometimes we may not agree but that does not mean they are not valid suggestions.

krisskross

morgaine65 wrote: »

Everybody's life is different - nothing is predictable with any government! I'd appreciate it if you'd stop being so judgemental - I really don't need anybody to be ticking me off after bringing my children up single-handed without any maintenance, running businesses to keep myself off the dole and helping as many people in need as I could, throughout my adult life.

I assume none of this enabled you to plan for your own retirement?

A superwoman like you should surely have made some provision for herself for when working was no longer an option.

nannytone_2

not a criticism, just a question.....

you obviously knew when you took out your mortgage, that you would be past retirement age before it was paid off. how did you expect to pay it?

morgaine65

krisskross wrote: »

I assume none of this enabled you to plan for your own retirement?

A superwoman like you should surely have made some provision for herself for when working was no longer an option.

I never intended to retire when I did - circumstances dictated it. My mortgage had to be changed to an interest-only deal because of these circumstances. My plan was to continue with my business as long as possible but a decade of elderly parents and older sister needing many hours of my time owing to sickness prevented that.

Oh! And sarcasm really isn't necessary - and I don't think it's appropriate on a forum.

We all have our story and nobody can totally understand another person's life and choices. I hope you have a happy life - truly.