Can government check savings?

MikeR71

Thanks srcandas.

A.Galloway wrote: »

I think if I had £6,000 or near it, I wouldn't want government handouts!

A.G

You missed the point. Why are we paying such high rate of tax? Do you realise that more than 50% of your income goes on various forms of local and central government taxation? What for?

You work for your money and YOU should be entitled to it. Not anyone else. If you manage to save close to £6000 after years of hardship, this doesn't mean you should be thankful to the government for it. You'd be able to save a lot more if the welfare state became smaller and the government took less of your money. This is the way it should be.

Why are so many people content being slaves to the government?

Again, the reason there is benefits, is because of the welfare state. You SHOULD claim what benefit is payable to you because you put the money in that pot in the first place (or rather, it was forced out of you).

lisyloo

lisyloo so 'expectation' is against the law?

No sorry that wasn't what I meant - apologies for any confusion.

I don't believe Mike has any intention of breaking the law. He has said so. He is showing his frustration at injustice. Nowt wrong with that.

I totally agree.

do not accuse their clients of breaking the law without the full facts.

I don't think I've accused anyone of anything and expressed my thinking that he is honest, I'm sorry if it's come across otherwise.

I'm sorry for any confusion caused by me if there was any.

C_Mababejive

Not read it all...just the first page.

What about nominee accounts..? That puts your wad slightly more remotely from your own personal accounts.

A.Galloway

MikeR71 wrote: »

Thanks srcandas.



You missed the point. Why are we paying such high rate of tax? Do you realise that more than 50% of your income goes on various forms of local and central government taxation? What for?

You work for your money and YOU should be entitled to it. Not anyone else. If you manage to save close to £6000 after years of hardship, this doesn't mean you should be thankful to the government for it. You'd be able to save a lot more if the welfare state became smaller and the government took less of your money. This is the way it should be.

Again, the reason there is benefits, is because of the welfare state. You SHOULD claim what benefit is payable to you because you put the money in that pot in the first place (or rather, it was forced out of you).

I have no idea what you are ranting and raving at. Makes no sense.

I'm not a slave to the government. I pay council tax and that's it. That pays for policing and my bins to be collected. That's it!

A.G

atush

nilrem wrote: »

Perhaps you are being a little unfair TBH. Mike has stated that his savings are below the £6000 limit which is not a great deal of savings in the grand scheme of things. (IMHO)

Perhaps you are being a little unfair as well? It is hardly surprising that someone who works is a little upset to think that others on benefits get so much they can afford to save?

No one is upset the OP has 6K. but maybe the benefits freeze is a good idea if those receiving same are getting more than they actually need?

In this case it doesn't matter as they said they were in receipt of child benefit.

There is a big difference between a safety net and golden parachute.

In your case, if being over a certain amt of saving is affecting any child care credits or whatever, I'd put the money into a pension as suggested as that isn't taken into acct for means tested benefits.

MikeR71

Ok, since you admit you don't understand, that's fine

I was talking about liberty and choice...being able to decide what we want to do with our earnings ourselves, instead of the government.

Currently, the government takes (and I mean it takes) most of our salary through various forms of tax, income tax, VAT, fuel duty, council tax and god knows what other stealth taxes we don't consciously know.
The idea is that they redistribute it, supposedly to create a fairer society and in order to eradicate poverty. Let's call it socialism

What I am saying is, that this doesn't work. Apart from the fact that it's quite unsustainable (hence the national deficit), it is also immoral to coerce people into paying this.

Being a slave means this.

atush

MikeR71 wrote: »

Yes, my wife and I trying to save for our own house and the only benefit we get is child benefit and a little help with nursery fees as part of the child element.

£1 for every £250 seems grossly over the top. No saving gives you such a return so what does the government base this on I never know. It's nearly 20% if I am not mistaken?

I just want to make sure I don't break any laws or be labelled a benefit cheat. If I go by the government's own rules then I should be fine.

I didn't think your savings affected your child benefit? Just income over 50K?

Would the new thought of tax exemptions for child care help you?

A.Galloway

MikeR71 wrote: »

Ok, since you admit you don't understand, that's fine

I was talking about liberty and choice...being able to decide what we want to do with our earnings ourselves, instead of the government.

Currently, the government takes (and I mean it takes) most of our salary through various forms of tax, income tax, VAT, fuel duty, council tax and god knows what other stealth taxes we don't consciously know.
The idea is that they redistribute it, supposedly to create a fairer society and in order to eradicate poverty. Let's call it socialism

What I am saying is, that this doesn't work. Apart from the fact that it's quite unsustainable (hence the national deficit), it is also immoral to coerce people into paying this.

Being a slave means this.

Right, so your original question is hypothetical? You're not on benefits? That's what I couldn't understand, you ranting and raving about taxes when you receive benefits!

I don't think you're being a slave when you pay taxes. I enjoy paying my tax as I know it goes towards the police and other council services for my own good. I also like the idea my taxes are going towards those who are poorer in society (i.e you if it wasn't a hypothetical question).

A.G

nilrem_2

atush wrote: »

Perhaps you are being a little unfair as well? It is hardly surprising that someone who works is a little upset to think that others on benefits get so much they can afford to save?

No I don't think my comment is unfair at all, the op asks a question that he wishes to know whether the Government can check his savings, even though the op has explained his reasons for asking some people are practically accusing him of fraud!

So what you are saying is that anyone on benefits should not have any savings at all? If the conditions state one can have £6000 in savings then I don't see any thing wrong in people on benefits saving a little if they wish, better than wasting it all on fags and booze! :eek:

There are people in this country who are receiving massive benefits which IMHO is out of line but that is a different issue than what we are discussing here.

nilrem_2

A.Galloway wrote: »

I don't think you're being a slave when you pay taxes. I enjoy paying my tax as I know it goes towards the police and other council services for my own good. I also like the idea my taxes are going towards those who are poorer in society (i.e you if it wasn't a hypothetical question).

You must be about the only person in the UK that enjoys paying taxes!:eek:
I always pay my taxes and always have but I certainly don't enjoy doing so! (Especially how some of it is spent by the Government and councils.)