Does your child help pay the rent?

markin

silvercar said:

zagubov said:

I’m a bit baffled by the term rent. Most family members with an income would be expected to pay “keep” towards the upkeep of the house they lived in.

It would absolutely never be called rent or be part of a formal contract.

It would also either be the bargain of the century (i.e. so low no commercial digs/lodging arrangement could match its value for money) or be higher than that in which case it would usually be keep plus a thinly disguised savings scheme where part of it would be returned to the family member if moving on to another home requiring a deposit.

Isn’t this universal or are there still people in the UK unaware of this customary arrangement?

I guess different social circles have different norms. I have heard of these ‘thinly disguised savings schemes’ but the disguise is so thin as to be laughable.

I wouldn’t take money off my kids, for a household budget that needs to function whether the kids live at home or not. If I was short of cash then the max I would take would be the extra costs of them being at home only. Otherwise they are paying their parents money which could in all likelihood be left to the kids, on which they could pay inheritance tax!

My kids adjusted perfectly well to budgeting when they moved out, without the need to pay any keep. 

But in this case its a rented house, but rented or owned they could then down size, and pay less and have lower council tax.

In one thread on the subject, some said they had down sized just to kick the kid out! 

This kid has no clue the is a cost of living crisis going on.

YoungBlueEyes

This problem will resolve itself as soon as he finds a partner and realises if he wants some privacy he really will need his own space.... 

Mildreds_Earrings

My parents took £300 per month, per child from us in 1980s/1990s (working class tough area in London). My parents both worked and didn't need our money but it was the principle. We had a 'don't work, don't eat' household policy and because of my parent's strong work ethic and teaching us how to be responsible, budget, save etc, my five siblings and I all work full time and became productive members of society.

I should add that I started working at 18 years old and getting £900 per month but even then I thought giving my parents £300 per month was fair, as I had £600 per month to myself, woo hoo! 

My siblings and I have all done well, own house, own car etc because of the principles our parents taught us. Oh, and none of us drive cars worth £20,000 either. Get the lad to contribute!