Can I save for my children's futures without it affecting my housing benefit?

McKneff

How can you say your 2 wages are not enough so you get housing benefit.


Your 2 wages are enough to save from for your children so why not enough for rent.




You are contradicting your self.

keaton

McKneff wrote: »

How can you say your 2 wages are not enough so you get housing benefit.


Your 2 wages are enough to save from for your children so why not enough for rent.




You are contradicting your self.

It's not full rent, its a small amount towards it. I don't work full time either.

allison445

A child's capital does not affect your Housing Benefit.
Its your money if you wish to make your child's future easier than that's your choice.

keaton

allison445 wrote: »

A child's capital does not affect your Housing Benefit.
Its your money if you wish to make your child's future easier than that's your choice.

Thank you, that's all I want to do..

allison445

McKneff wrote: »

How can you say your 2 wages are not enough so you get housing benefit.


Your 2 wages are enough to save from for your children so why not enough for rent.




You are contradicting your self.

Surely it was the government that made that decision not the op.

missbiggles1

keaton wrote: »

Thank-you, but we are very close as a family and I know they'd not want to move away, (my daughter gets homesick just visiting her cousin for a few days)

They don't expect me to save for them, they are very considerate caring children, but its something I'd like to do.

She's 12 or less!

Hopefully she'll feel differently when she's 18/19 and ready for independence.

missbiggles1

allison445 wrote: »

A child's capital does not affect your Housing Benefit.
Its your money if you wish to make your child's future easier than that's your choice.

That would be true if the money came from somebody other than the parent.

custardy

keaton wrote: »

I take it you are assuming I'm on all sorts of benefits, I'm not, neither is my partner. We get a small amount of housing benefit each week, because even though we work, it is not enough.

Neither of us drink or smoke, maybe the wages we earn should be spent on that instead?

Please forgive me for trying to give my children less debt in there adult life by putting away £5 or so a week. Less than most people spend on cigs and alcohol.

I have reasons why I want too look after my children's future, reasons I will not go into on here, but feel free to judge.

I neither drink nor smoke myself.
did I miss the badges getting handed out?
By your inference,am I not looking after my childs future?

keaton

custardy wrote: »

I neither drink nor smoke myself.
did I miss the badges getting handed out?
By your inference,am I not looking after my childs future?

That's not what I'm saying, I'm saying lots of people use child benefit on alcohol or cigs or nights out for themselves.

I just want to put whatever I can afford, as little as that may be into a account to help my children and am being bullied for doing so.

xylophone

If you have a 12 year old, presumably she has a CTF?
This is transferable to the more flexible JISA.

I see no reason why a low income parent should not contribute to the CTF/ JISA - wasn't part of the original rationale for the scheme to encourage low earners to participate?

http://www.independent.co.uk/news/business/news/more-than-1m-families-fail-to-cash-in-child-trust-fund-vouchers-505023.html