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Government 'slightly' overestimates interest rates

50Twuncle · 2013-06-04 08:59:29

Has anyone else noticed the new rules on savings/benefits ? "If your capital is over £6,000 but not more than £16,000, it will affect your UC. Jobcentre Plus will assume you get a monthly income of £4.35 for each £250 or part of £250 of capital you have over £6,000." This APR works out at over 20% - how do they think this…

Comments

50Twuncle Posts: 10,763 Forumite

4 June 2013 at 7:07PM

But at the same time - the government is trying to get us all to save as much money as possible - why ?
To save them money by giving them an excuse to cut benefits ...
I mean - if we all followed human nature and lived from day to day without saving a penny - more of us would be on (more) benefits - which would cost the country more.

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