Have you 'lodged' with your parents? How much did you pay?

freeisgood

Yup a nice touch is to stick it into an account for them, get them used to "paying rent" and surprise them with the bulk of it, when they finally buy.

missbiggles1

silvercar wrote: »

The vast majority of parents give financial help to their offspring while they are students. The government also has an expectation that parents will help out when deciding the level of student loan and grants.

I wouldn't charge rent to a student living at home to save money.

But the student loan is intended to cover rent and housekeeping and, in this case there will be a stranger living there as well. He may also have been supporting himself for 3 years and be classed as an independent student and not assessed on his parents' income.

If the son is old enough and has had enough money to jet off to Australia, he's old enough to be an adult and pay his own way.

lady1964

Our DD returned from almost a year living overseas (& 3 years at Uni) and we took 20% of her take-home pay as her rent. We still bought all the household food etc, she bought personal toiletries & obviously paid her phone bill & personal entertainment. She would cook dinner when her shifts allowed and did a share of the housework.

With us charging her fairly minimal rent, she was able to save a fair bit & she's just recently moved back overseas on what is likely to be a more permanent basis, with a decent sum to help her get set up.

Mallotum_X

One third of income capped at local room rates. Help them out when income is low but after that pay a fair rate.

If you don't really want the money save it but don't tell them, hand it back for a deposit on a house later.

apple_muncher

Thank you for all the replies - I didn't expect so many!

Plenty of food for thought - and we don't need to make a decision for a little while, so have time to mull it over.

silvercar

missbiggles1 wrote: »

But the student loan is intended to cover rent and housekeeping and, in this case there will be a stranger living there as well. He may also have been supporting himself for 3 years and be classed as an independent student and not assessed on his parents' income.

If the son is old enough and has had enough money to jet off to Australia, he's old enough to be an adult and pay his own way.

The student loan won't be enough to cover rent and housekeeping and transport and books etc without some extra income.

I accept that there will be another person in the house and the independent status (though I think you need provable income for 3 years to class as independent).

System

I did move back to my parents for about 2.5 years, after splitting up with my ex - lived away from home for almost 5 years. I was 26-29 at the time.

I did pay them £200 a month - £50 cash and £150 in supermarket vouchers which my employer at the time offered 6% discount when purchased through them.

clint_S

After splitting up with an ex I moved back home. I paid £100 per month rent, percentage of all bills and any phone calls I made, and bought my own food. My current wife is always surprised by what I paid as her parents never charged for anything, except phone calls. Each person is different and whatever you and your DSS are happy with is the correct amount.

Piggywiggy

I pay for every other weeks groceries, do my own washing/housework.

pmlindyloo

lonestar1 wrote: »

I'd go for the most your allowed under the governments rent a room scheme currently £4250 a year any more and you'd have to declare it and pay tax

https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-scheme

I lived with parents a few years back and payed £400 a month (Im not sure if my parents declared the income or not) which included utilities and council tax but bought my own food etc I also payed for decent broadband.

It was cheaper than renting my own place and helped me save up some cash but certainly not so cheap I stayed longer than I had to

Just want to point out that when your children live in your house any contribution they make does not fall under the Rent a Room scheme.

This scheme is for commercial rents where the landlord is living on the premises eg. lodger/boarder.