Vent - My Mother (and her generation?)

Andypandyboy

FBaby wrote: »

The point is that there are a contribution towards it ie. You worked and contributed before and after having kids, you're entitled to the pension. You had kids straight after school and then decided to be a house wife after you raided your kids you're not.

Nor do you get credits for that period unless on a passport benefit. HRP is only due unless the yougest child leaves school (it may be younger than that now)

What about benefits paid for mortgages. I know of someone who never worked from being 22 but whose mortgage from that point was paid for and eventually paid up.

missbiggles1

Andypandyboy wrote: »

Nor do you get credits for that period unless on a passport benefit. HRP is only due unless the yougest child leaves school (it may be younger than that now)

What about benefits paid for mortgages. I know of someone who never worked from being 22 but whose mortgage from that point was paid for and eventually paid up.

They must've paid off the capital out of other income because mortgage support (currently called SMI) only pays the interest.

Andypandyboy

missbiggles1 wrote: »

They must've paid off the capital out of other income because mortgage support (currently called SMI) only pays the interest.

I am going back 15 years or so now. They have been on benefits due to sickness since they were 22. They have been mortgage free since being about 48.

missbiggles1

Andypandyboy wrote: »

I am going back 15 years or so now. They have been on benefits due to sickness since they were 22. They have been mortgage free since being about 48.

I'm willing to be corrected but I'm pretty sure that mortgage support has never repaid capital as that would mean public money going directly to repay private debt.

Andypandyboy

missbiggles1 wrote: »

I'm willing to be corrected but I'm pretty sure that mortgage support has never repaid capital as that would mean public money going directly to repay private debt.

I always thought that, but although I don't know the detail of the payments, I do know they have only had benefits as income and that during that time they repaid their mortgage.

mumps

Andypandyboy wrote: »

I always thought that, but although I don't know the detail of the payments, I do know they have only had benefits as income and that during that time they repaid their mortgage.

If they had the interest paid and maybe invested in some sort of savings and paid it off as a lump sum they would get maximum benefit and earn interest on what they saved. Of course due to inflation the sum to pay it off won't have been as big in real terms by the time they paid it off.

Andypandyboy

mumps wrote: »

If they had the interest paid and maybe invested in some sort of savings and paid it off as a lump sum they would get maximum benefit and earn interest on what they saved. Of course due to inflation the sum to pay it off won't have been as big in real terms by the time they paid it off.

No, I know it wasn't paid off that way, it was paid over the full term.

System

FBaby wrote: »

it is not all or nothing. It's not because a kid spend some time with a childminder or nursery staff that they get less loved.

The reality is that there are kids who grow to be balanced and happy children/adults whose parents worked full-time, and some who will struggle, just as they are some who will despite growing up with their mum at home 24/24.

My kids were in FT childcare before the age of 1. They are now very well adjusted teenagers. Recently, I asked them if they wished I'd stayed at home. They looked at me like I was mad and said 'no, why would we?'. My parents worked full-time too and I never felt I'd missed out. However, my friend's son who is also a teenager now often said he wished his mum didn't have to work when he was growing up. Saying that, although he was a difficult child, he is now a lovely 16yo.

My mum worked full time whilst i was young, she had no choice, after divorcing my bio dad she still had to keep a roof over our heads and food on the table. Due to that i spent a lot of time with my maternal grandparents. After my second sister was born my mum gave up work and became a SAHM and later a housewife (god i don't know why but i hate that term ). I ended up being very close to my grandparents, who were like parents to me, and i was later in life envious of the facts my siblings spent more time with my mum than i did. We clashed a lot on my teens and i wonder if we missed out on the closeness she has with my siblings. BUT i do completely understand why she did what she did and why she had to do it and i don;t begrudge her for it, she was simply trying to do the best for me. And having a close bond with my grandparents was never a bad thing. In fact as it goes i feel lucky to have spent so much time with my grandparents, my siblings are considerably younger than me and it saddens me they never got as much time with our grandparents before they passed.

pollypenny

Andypandyboy wrote: »

I always thought that, but although I don't know the detail of the payments, I do know they have only had benefits as income and that during that time they repaid their mortgage.

I'd suspect some working on the side! :cool:

Person_one

missbiggles1 wrote: »

I'm willing to be corrected but I'm pretty sure that mortgage support has never repaid capital as that would mean public money going directly to repay private debt.

I thought mortgage support paid a standard amount based on average interest rates, so in theory someone on a very low rate could repay done capital with it.