Universal credit and savings/capital

edeneve

princessdon wrote: »

I don't know what your oh does, but if he is self employed on a low income then have a read on universal credits.

http://www.dwp.gov.uk/docs/ucpbn-8-foster-carers.pdf

Wow...I'm in the wrong job!

loracan1

Blue22 wrote: »

I can't believe how many spiteful, critical replies you have had

I think this board brings out the worst in people - mostly of the 'I don't have it so why should you?' variety. The bitterness is almost tangible.

Gentile

edeneve wrote: »

Here here Fbaby.....that is my point exactly...I stated I admire foster parents as it is a challenging job. Initially I was critical as the OP stated extra work wasn't an option at all as busy as FT foster carers but hadn't stated her husband was working. My point was I know the foster caring system and know it is normal that one at least parent works so was shocked to hear extra work was not an option.

But...the point is I work hard, I raise my kids single handed and no way could I afford even horse riding lessons for the kids, let alone save up enough money for a house or piece of land. If I had 20K sitting in bank then I would accept that I would have to live off it, not be able to keep it and claim benefits. All types of benefits are meant to cover the 'basics' and horses are not by any stretch of imagination the basics. Anyhows with income coming in for fostering, which would total around £500-600 per week alone and no rent to pay by any stretch of the imagination can the OP say they cant afford to manage without tax credits is beyond me and that is without her hubbies wage on top! My bills apart from rent are only £300 per month (no extras for sky just basics) so why are they claiming they wouldn't be able to manage without tax credits....think that is why people are being critical because they are in a better position than most are but don't see it.

In other words you are questioning why when full time working tax payers have absolutely no disposable income left after paying enormous taxes, high rent/mortgage. high council tax etc etc, we find people on benefits getting more and more every year and they are rolling in it indulging in luxuries that we can only dream about.

Gentile

loracan1 wrote: »

I think this board brings out the worst in people - mostly of the 'I don't have it so why should you?' variety. The bitterness is almost tangible.

Somebody works hard and earns mega bucks and indulges in horses, foreign holidays I have no problem with, somebody sits at home all day and works 16 hours a week, pops a kid out every other year and goes on foreign holidays using my tax money I have problems with.

plum2002

Gentile wrote: »

In other words you are questioning why when full time working tax payers have absolutely no disposable income left after paying enormous taxes, high rent/mortgage. high council tax etc etc, we find people on benefits getting more and more every year and they are rolling in it indulging in luxuries that we can only dream about.

Rubbish, I work full time and have plenty of disposable income left, get a better paid job and stop moaning about others.

loracan1

Gentile wrote: »

Somebody works hard and earns mega bucks and indulges in horses, foreign holidays I have no problem with, somebody sits at home all day and works 16 hours a week, pops a kid out every other year and goes on foreign holidays using my tax money I have problems with.

Ah, I see we're playing cliche of the week. You forgot sky, 65 " plasmas and sitting on the doorstep with cans of stella.

See the sticky at the top?

"Want to discuss the benefits system? Go to the discussion board"

edeneve

I don't begrudge the OP anything, her hubbie works and she works FT as a foster carer, but if you can afford horses as a hobby and have a 20K piece of land for the hobby, then really you shouldn't moan about losing tax credits. The mathematics is simple....budget! Horses=extra costs, if you lose money lose the horses or rearrange the budget so you can afford them. They would appear to have more disposable income (unless they have lot of debt) as have no rent and two incomes (one from hubbies work and foster income), child benefit, etc so having their hobby and keeping the land without a bit of tax credits shouldn't be a problem. As i hear, child benefit will be outside of UC so they will get to keep that.

I'm happy with my lot in life, BUT if I wanted to keep horses or another similarly expensive hobby then I would do something to earn more money so I could have that. We all have choices as to how we choose to live and we are all accountable for those choices.

plum2002

edeneve wrote: »

I don't begrudge the OP anything, her hubbie works and she works FT as a foster carer, but if you can afford horses as a hobby and have a 20K piece of land for the hobby, then really you shouldn't moan about losing tax credits. The mathematics is simple....budget! Horses=extra costs, if you lose money lose the horses or rearrange the budget so you can afford them. They would appear to have more disposable income (unless they have lot of debt) as have no rent and two incomes (one from hubbies work and foster income), child benefit, etc so indulging in their hobby and keeping the land without a bit of tax credits shouldn't be a problem. As i hear, child benefit will be outside of UC so they will get to keep that.

I'm happy with my lot in life, BUT if I wanted to keep horses or another similarly expensive hobby then I would do something to earn more money so I could have that. We all have choices as to how we choose to live and we are all accountable for those choices.

I didn't get the impression of moaning, more that she was trying to find out where she stood with regard to the changes under UC. But that's the problem with forums we all read things differently.

Fostering is hard work, I have friends who foster, all the kids are very damaged and she's been hospitalised on a few occasions, I wouldn't do it for any amount of money.

edeneve

Perhaps 'moaning' was the wrong choice of words, I agree fostering is hard work and it is one of those jobs that is a life choice rather than just a job.
Anyway, I am sure the OP will be able to sort the issue out, maybe as she said the land might be valued as less than 16K, in which case she'll probably find her TC's are just reduced slightly. Perhaps OP bets thing to do is get it valued and then you may find out its a worry you don't need to worry about anymore.

MissMoneypenny

edeneve wrote: »

All types of benefits are meant to cover the 'basics'

We would need to turn the clock back 10 years; before the Tax Credit benefit started; for that to be true.

Tax Credits are overly generous and is a huge attraction for some parents and especially for single parents. JSA is still a basic benefit.