📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Martin Lewis grills Chancellor Jeremy Hunt on carer's allowance cliff-edge

Options
13»

Comments

  • trekker2002
    trekker2002 Posts: 22 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    I think Martin would be better encouraging people to be fully aware of the rules and ensure they stay within them. I received Carers Allowance in the past for a few years and I fell foul of the income limit due to a pay rise when the limit was only £95 a week. I swiftly read the rules and discovered that if I paid into a Personal pension then 50% of the payment would be counted to reduce my pay. I opened a stakeholder pension and worked out precisely how much I needed to pay in to get myself back under the earnings limit. For me it was £30 a month. I called DWP and the CA stayed in payment.

    I kept the Pension going even after my CA ended due to my mother’s death and increased payments as my earnings increased. Now 17 years later I have a nice pension pot of a few thousand pounds, partly funded by that Carers Allowance. 
  • HillStreetBlues
    HillStreetBlues Posts: 6,133 Forumite
    1,000 Posts Third Anniversary Homepage Hero Photogenic
    I think Martin would be better encouraging people to be fully aware of the rules and ensure they stay within them. I received Carers Allowance in the past for a few years and I fell foul of the income limit due to a pay rise when the limit was only £95 a week. I swiftly read the rules and discovered that if I paid into a Personal pension then 50% of the payment would be counted to reduce my pay. I opened a stakeholder pension and worked out precisely how much I needed to pay in to get myself back under the earnings limit. For me it was £30 a month. I called DWP and the CA stayed in payment.

    I kept the Pension going even after my CA ended due to my mother’s death and increased payments as my earnings increased. Now 17 years later I have a nice pension pot of a few thousand pounds, partly funded by that Carers Allowance. 
    But that doesn't make as good TV as "grilling" a Chancellor.
    I do agree with the view as asking the current or next Chancellor to increase the welfare bill is just a waste of words, completely pointless.
    Let's Be Careful Out There
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.