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Is £40,000 really a liveable income for families in the UK?
Comments
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neverdespairgirl wrote: »You couldn't have done that - it would have counted as deprivation of capital, so you'd be treated as still having the money.
Are there never any legitimate expenses that can be paid, such as mortgage?0 -
I did look in to this, seemed like it needed to be done long enough before redundancy for it not to be noticed.neverdespairgirl wrote: »You couldn't have done that - it would have counted as deprivation of capital, so you'd be treated as still having the money.I think....0
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My children have grown up and I have paid off my mortgage but I am quite happy with the life I am living with a net income of £1200 a month.0
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Graham_Devon wrote: »Then I'd like to know why you are hounding me for suggesting exactly the same as you just did?
What I said was that there was a consensus of opinion that the system is flawed - we both agree. I offered ideas too that could be considered to rectify this.
Where I disagree (a lot) is the way you've taken the view that another poster is immoral. I said that trying to turn this into a moral issue would confuse the issue - I was correct because in a thread where you mentioned morals, greed and wrong probably in excess of 30 times you didn't managed to spot that I said the system was flawed and a disincentive to work at least 5 times.0 -
Are there never any legitimate expenses that can be paid, such as mortgage?
Yes, but you can't pay capital off your mortgage in order to get below the savings threshold....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »Yes, but you can't pay capital off your mortgage in order to get below the savings threshold.
How about replacing an old car, "modestly" and taking a "modest" family holiday or other "necessary" items, or modifying your house, new windows perhaps, providing they aren't ridiculous?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Most able people can increase their income in some way or other (i.e. evening or weekend jobs), are you saying that those who don't at least seek to increase their income should be ashamed of themselves for receiving increased tax credits?
For the moralistic: Is taking a second job to boost income (or be less reliant on state hand-outs), depriving someone else of a job opportunity?I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
grizzly1911 wrote: »How about replacing an old car, "modestly" and taking a "modest" family holiday or other "necessary" items, or modifying your house, new windows perhaps, providing they aren't ridiculous?
Yes, modest things like that are OK. Wise to keep receipts....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
I'm on about £8k at the moment, but couldn't get WTC because I am self employed and haven't done last year's tax return yet (I'll do it early January) ... and no idea what I've earnt this year until I do the following one.... and I always believe that "tomorrow things will be better" - and they were until my income crashed and I still believe "tomorrow things will be better". Earnings today ... about £10. Maybe it'll be better next week.
And even if I knew how much I was earning exactly, enough for what are probably huuuuuuuge forms and endless leaflets..... it's still a bl00dy awful system isn't it, with troubles/inconsistencies.
They should bin the lot of WTC etc. They never used to exist, the reasoning was flawed from the start.0 -
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