Money received from daughter for living at home

getmore4less

Exactly family household can combine resources how they like without involving HMRC.

svain

Some of the figures ive read being charged by some, is like a second income

silvercar

svain wrote: »

Some of the figures ive read being charged by some, is like a second income

Agreed, you wonder how the parent(s) will survive when the offspring move out!

maman

silvercar wrote: »

Agreed, you wonder how the parent(s) will survive when the offspring move out!

Agreed but it can be difficult for some.


I got the impression that the OP was coping fine financially and that the DD and BF are moving back just to save a deposit. So, in her situation I'd 'charge' as little as possible, they can save as much as possible and then move out .


I do know of people though who find it very difficult. Someone I know with 2 teenage children faced a big problem. As her DD turned 18, she lost the Child Benefit and because her DD planned to join armed forces and leave home didn't have the option of 'charging' her anything as she wouldn't be living at home. The drop in (an already tight) income was more than the DD was costing for food and any other expenses.

silvercar

maman wrote: »

Agreed but it can be difficult for some.


I got the impression that the OP was coping fine financially and that the DD and BF are moving back just to save a deposit. So, in her situation I'd 'charge' as little as possible, they can save as much as possible and then move out .


I do know of people though who find it very difficult. Someone I know with 2 teenage children faced a big problem. As her DD turned 18, she lost the Child Benefit and because her DD planned to join armed forces and leave home didn't have the option of 'charging' her anything as she wouldn't be living at home. The drop in (an already tight) income was more than the DD was costing for food and any other expenses.

She would have had some notice that the child benefit and whatever other benefits/ tax credits were stopping. The idea that she could then charge her DD more than she was costing I find immoral.

svain

silvercar wrote: »

She would have had some notice that the child benefit and whatever other benefits/ tax credits were stopping. The idea that she could then charge her DD more than she was costing I find immoral.

Totally agree with this. Seems children are considered an income/cash these days whether via the benefits received whilst they in education or fleeced for living at home when working.