LEGAL places to put capital that are not taken into account by DWP by DWP

Fridge3

POPPYOSCAR wrote: »

I know more than one person who has got into debt.

They still have their house and the vast majority of their debt has been written off using an IVA.


So I get the message, of spend, spend, spend and you will be taken care of.

Save and you will not.

In which case your choice would be to spend spend spend.

POPPYOSCAR

Fridge3 wrote: »

In which case your choice would be to spend spend spend.

No.

I am in the fortunate position in life now where I have accumulated enough money never to need to claim benefits no matter what happens(short of a total economic collapse).

But I can see the attitude of many is to spend like there is no tomorrow.

POPPYOSCAR

rogerblack wrote: »

This is clear benefit fraud, and the consequences if found out can be up to and including a prison term, in the extreme cases.

Do not keep it in a safe then.

Spend it on yourself instead.

Have a nice holiday, buy yourself a nice big TV, have a few nights out - just like many others.

Fridge3

POPPYOSCAR wrote: »

No.

I am in the fortunate position in life now where I have accumulated enough money never to need to claim benefits no matter what happens(short of a total economic collapse).

But I can see the attitude of many is to spend like there is no tomorrow.

You're in the same position as me then. So the £6/16k thresholds becomes irrelevant.

Spending to excess to get below thresholds in the event I might have to claim benefits, and keep claiming benefits is negligable.

BurnleyBob

Fridge3 wrote: »

Perhaps they aren't of the mindset that they'll be claiming benefits.

I do believe that only around 15% of UK adults aren't minded to collect one benefit or more currently (and remember, all welfare payments are benefits whether they include the word benefit or not, and those include the State Pension and Tax Credits) and I strongly suspect that the great majority of those who comprise the 15% would claim for any that they might become entitled to in future even if they didn't need it/them simply because they could. That's life, as Esther Rantzen was fond of saying.

Some in this thread have made automatic assumptions from what's not there in the opening post and what is, i.e. legal, somehow became underhand bordering on dastardly in their fevered imaginations.

The OP is already in receipt of means-tested benefit(s) and has built his £6,000 savings while on those benefits. He should instead be living a life of such penury that he'd be unable to save a bean. That's the top and bottom of it - and all that without an iota of supporting evidence that can be gleaned from the OP's sole message.

I tell you what, should the Mystic Meg's ever be summoned for jury service then I'd pity the defendant sat gripping the rail of the dock.

[Deleted User]

has anyone pointed out that the tarriff on savings over 6000 is only £1 per £250 upto 16,000
e.g. 8000 savings would attract an £8 reduction in certain benefits per week

POPPYOSCAR

Fridge3 wrote: »

You're in the same position as me then. So the £6/16k thresholds becomes irrelevant.

Spending to excess to get below thresholds in the event I might have to claim benefits, and keep claiming benefits is negligable.

Yes, for you and I.

But not for others.

POPPYOSCAR

BurnleyBob wrote: »

I do believe that only around 15% of UK adults aren't minded to collect one benefit or more currently (and remember, all welfare payments are benefits whether they include the word benefit or not, and those include the State Pension and Tax Credits) and I strongly suspect that the great majority of those who comprise the 15% would claim for any that they might become entitled to in future even if they didn't need it/them simply because they could. That's life, as Esther Rantzen was fond of saying.

Some in this thread have made automatic assumptions from what's not there in the opening post and what is, i.e. legal, somehow became underhand bordering on dastardly in their fevered imaginations.

The OP is already in receipt of means-tested benefit(s) and has built his £6,000 savings while on those benefits. He should instead be living a life of such penury that he'd be unable to save a bean. That's the top and bottom of it - and all that without an iota of supporting evidence that can be gleaned from the OP's sole message.

I tell you what, should the Mystic Meg's ever be summoned for jury service then I'd pity the defendant sat gripping the rail of the dock.

I quite agree.

And I am guilty as charged.

I receive child allowance even though we could manage quite easily without it and when it comes to my state pension(eventually,and if I live that long!) I will claim that as well.

BurnleyBob

No, you're not guilty. I was alluding to those who can't claim any benefits. I would guess that they are single people on a good wage who have no dependents.

BurnleyBob

For all we know the OP is in employment and paying all his rent and Council Tax without state aid.

Maybe, just maybe, that employment isn't too secure. After all, police officers and military people are getting the big E nowadays so the list of bullet-proof jobs are diminishing.

Perhaps he has an eye to what the coalition envisage Universal Credit will look like in 12 months time?

In right-wing press speak, the 'scrounging class' will then include millions of part-time workers who will be compelled to seek a minimum of 35 hours work per week. Tax Credits will become no more - and UC will be means-tested and with it more millions will then be concerned with the £6k and £16k thresholds.

It could well be that our OP is taking a longer view.