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Can I Protect My Savings While on Benefits?
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If you are responsible for maintaining your own house then £16K is not that much - eg I have no running hot water in my home and no central heating - it would cost £5K +, and another £5K for replacement of ancient rotting windows, and interior over 30 years old in dire need of complete refurb - and a car to run otherwise I cannot even get to my low-paid job - and a car to replace at £2K within 1-2 years, so I can keep getting to my low paid job - educational programs costing more £K's etc & etc
Do the Maths - there will be nothing left to bury me when I'm gone.
Why are there so many penny-pinching Tories on here?
Cap for savings needs to be much much higher. Savings are absolutely ESSENTIAL - only income should matter for benefits.
As most benefits claimants have little savings the govt saves a paltry amount because of savings caps, thus unfairly punishing this responsible sector of the population. The govt is rewarding irresponsibility and wants to put us in the hands of loan companies.
I think that allowing wealthy people to claim benefits would be right up the Tories' street!0 -
If you are responsible for maintaining your own house then £16K is not that much - eg I have no running hot water in my home and no central heating - it would cost £5K +, and another £5K for replacement of ancient rotting windows, and interior over 30 years old in dire need of complete refurb - and a car to run otherwise I cannot even get to my low-paid job - and a car to replace at £2K within 1-2 years, so I can keep getting to my low paid job - educational programs costing more £K's etc & etc
Do the Maths - there will be nothing left to bury me when I'm gone.
Why are there so many penny-pinching Tories on here?
Cap for savings needs to be much much higher. Savings are absolutely ESSENTIAL - only income should matter for benefits.
As most benefits claimants have little savings the govt saves a paltry amount because of savings caps, thus unfairly punishing this responsible sector of the population. The govt is rewarding irresponsibility and wants to put us in the hands of loan companies.
Benefits are not there to provide a lifestyle while you have a stash of savings in the bank for a rainy day.
16k is very generous and provides security while also recieving various amounts of money from the infinity pot and in alot of cases they have a wage coming in on top of that.
If people are capable and have their health they are the master of their own destinys and should aspire to better things but unfortunately some are content to go through life being provided for by the state while some who have got out there and reached higher and aspired to making their own way through life and succeded keep topping the infinity pot up.
Lol 'Penny pinching Tories' - who on earth has given you that impression of any of us? You seem to be the only ranting about the goverment and god knows what??? And to be honest i think you are baffling us all !0 -
If you are responsible for maintaining your own house then £16K is not that much - eg I have no running hot water in my home and no central heating - it would cost £5K +,and another £5K for replacement of ancient rotting windows...
Wasn't there some scheme that the Government announced to help people get CH/new boiler.
try this...http://www.moneysavingexpert.com/utilities/green-deal, and interior over 30 years old in dire need of complete refurb - and a car to run otherwise I cannot even get to my low-paid job - and a car to replace at £2K within 1-2 years, so I can keep getting to my low paid job - educational programs costing more £K's etc & etc
Try local freecycle sites to pick up things to help you improve your home for nothing. Get a bike. Healthier and much cheaper to run.Do the Maths - there will be nothing left to bury me when I'm gone.
Can't advise you on that...Why are there so many penny-pinching Tories on here?
Penny pinching is not an exclusive trait of the Tory party.Cap for savings needs to be much much higher. Savings are absolutely ESSENTIAL - only income should matter for benefits.
How high ? Somebody will always complain that they are excluded from benefits because their savings are greater than any cap.As most benefits claimants have little savings the govt saves a paltry amount because of savings caps, thus unfairly punishing this responsible sector of the population. The govt is rewarding irresponsibility and wants to put us in the hands of loan companies.
The Government has a duty to impose caps. (It doesn't matter which political party is in power)
Spending more than we receive is not a good idea.
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Blue eye shadow? THOSE were the days:D
Don't forget the cake mascara you used to spit on ...0 -
Murphybear wrote: »Blue eye shadow? THOSE were the days:D
Don't forget the cake mascara you used to spit on ...
Now that is really showing your age!0 -
Murphybear wrote: »Blue eye shadow? THOSE were the days:D
Don't forget the cake mascara you used to spit on ...
Never used cake mascara.....I could imagine i would end up looking like i had fought in a championship boxing match!0 -
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On a purely technical aspect.
Deprivation of capital rules bite when you are depriving yourself of capital.
Paying into a trust regularly (say you have monthly pay, and just before the next pay goes in every month, pay the excess into a trust) is not in principle deprivation of capital - as it's income, not capital.
The money in the trust (if properly arranged) is not capital, as you have no access to it.
It would be capital if you put savings into the trust (capital). Putting this months (or weeks) income into the trust, before it becomes next weeks, is not, because it is not yet capital - it is income.
So, you could setup a trust, which pays your utility bills say, and then put your excess income into that, and it would not affect benefit entitlement.
This would require a lawyer, and is likely to be more expensive than it's worth.0
ermmm...errrr...I'm sure you looked lovely because only you could carry that look.
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