Redundant but with savings

themull1

why didnt your parents keep the money until you were ready to use it?

RichardD1970

Voyager2002 wrote: »

Except that the 'welfare state' includes state pensions and health care, both of which are provided to people regardless of their bank balances.

Ok, sorry, "Means Tested Benefits" then, sorry for using the wrong term, but we all knew what aspect of the welfare state was being discussed.

Voyager2002 wrote: »

Anyway, this board is for discussing the law as it is rather than policy (what the law ought to be). We can all agree that people with large bank balances are not allowed to claim means-tested benefits.

Apparently there are some who disagree :eek:

ALIBOBSY

Voyager2002 wrote: »

The number of people in this situation is going to be fairly small, so not a significant cost.

The welfare state is like an insurance system: if my computer gets stolen I expect my insurer to pay to replace it, and not turn round and say that my salary is high enough for me to pay for it myself. Equally, if I fall ill and require expensive hospital treatment I expect the NHS to provide this without charging me, and without looking at my income and bank balance, since I have paid for this coverage over many years of tax-paying. So why should insurance against unemployment be any different?

The original benefits or assistance started because health services improved and people started living longer, so they had a growing number of pensioners who had been the working poor just scraping by who ended up barely able to live. So the intent right from the start was to support the poorest in society, although the rules and payments have sometimes moved away from this.

If you want to argue its an insurance you DO get something from working, in that you get the cont based JSA for 6 months anyway.

Good luck with finding a new job, tbh its highly unlikely you will get a mortgage whilst out of work and even for the first few months in a new job if not longer. So concentrate on living as frugally as you can, get that new job and then you can build the savings up again.

Ali x