My savings are stopping me affording a home

dseventy

You can give your money to whoever you want. Your family, you have even had an offer on this thread!

However, you will be treated for benefits like you still have it! You can't just give away money and claim poverty! I think you know this really.

Instead of giving away your money (ie your future, potential money to your child) why dont you do whats best for now and use that money to help you?

You can afford to rent, pay a deposit and 6/12 months in advance. Your son will have a stable home and his mum.

Eventually (if you chose not to work) you will fall below the threshold for means tested benefits and then can claim.

D70

karenx

So do you think its fair that you have over 16k in the bank and another person might have zero savings but both people get the same in benefits????? Of course not!!
If you dont want to use the money to pay the rent then get a job and pay the rent yourself then you can do what you want with your savings

McKneff

Of course you cant 'hide' your money to enable you to claim benefits.

If you have over £16K, there is absolutley nothing stopping you from privately renting. You can certainly afford a deposit.

Why shouldnt you pay for yourself and your child.
Benefits are in place for when a need arises, not just because you dont want to spend your savings.

Once your savings drop below a certain level you will be able to claim some benefits.

As for not going to work, well, that's your choice, so use your savings again to heat and eat.

To be honest you owe it to your son to rent privately and give him a stable life, you said yourself he has been through enough, by making him 'live out of a suitcase' you are prolonging 'what he has been through.

dseventy

Ince wrote: »

At the age of 42 years of age I am living out of a suitcase back in England with my 2 year old .

Missed this bit on the OP.

Shame on you making your son living out of a suitcase when you have >16K in the bank.

D70

Pollycat

I agree with everybody else about renting, using your savings to pay the rent and then - only then - claiming the benefits you will be entitled to based on your income & savings.

THIS jumps out at me in your post!

Ince wrote: »

I do not wish to work until my son goes to school (he has been through alot for a little man).

Many women 'do not wish' to work until their children go to school, but they have no other option financially.

Why do you think you should be any different to them?

ManicMum

It is very important for a Mother to be there for her children when they are young. Those on income support get that option. Again, it is those that save that are penalised for doing so whilst those who blow their cash on giant TV screens, trainers, designer clobber etc, qualify for every benefit going. A family I know has a better standard of living than us yet only work a few hours between them - enough to get WTC. Where is the fairness in that?

Hmm71

Ince, is there any way you could use your savings as a deposit on buying a home for you and your little boy? If you're currently with family would they be willing to look after him while you go out to work? Yes I know you'd like to look after him yourself but I think as long as he has one consistent carer, be that mum, a grand parent, aunt or uncle, he'll be just fine. I think you'll have to accept that you cannot get any benefit with your savings and you need to work out what's the best thing to do with them for yourself and the little guy. I'm sure there are many parents on this forum who would have loved to have stayed at home until their kids started school, myself included, but we didn't have any choice in the matter. Bite the bullet, start job hunting and get on with making the best life possible for your son.

Pollycat

paddedjohn
I don't read ManicMum's post as her "wanting more more more" or "ramming her snout in the trough" or that she is a "money-grabbing greedy git".

I think she makes a reasonable point that some (obviously not all) people on benefits have a better standard of living than some families who work.

All ManicMum has asked is "is that fair?"

And, no, of course it's not fair.
You acknowedge that yourself:

I know that the system is too generous towards some people

I'm lucky enough that I've never had to rely on benefits and I certainly don't begrudge those people who really need benefits, but I do those who are fit to work but have never worked and have no intenetion of ever working as long as they can get money for doing nothing.

Years ago, a guy with no qualifications and no skills and a number of kids told me he wanted £x,000 a year to get out of bed.
That was considerably more than I (as an IT specialist) was earning.

And that is what's wrong with society today.

Hmm71

Pollycat, I was wondering why paddedjohn had got his knickers in such a knot over manicmum's post; then I read her other thread about owning and renting out a home but wanting to claim housing benefit on top of that to live somewhere else. Read through that then you might understand why paddedjohn is ranting.

DomRavioli

I feel sorry for the child in all this. you have 16,000 yet you choose to shove your child into living out of a suitcase...that child must have gone through more with your emotional abuse. Get a house, get your life and health sorted out and for the sake of your child become stable.