£16k Savings limit set 2006

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  • Опубліковано 3 жов 2024

КОМЕНТАРІ • 15

  • @econrith
    @econrith 4 місяці тому +7

    If they can be bothered but they will never agree to you having a reasonable amount of money in your retirement or really at any stage of life. I really begin to think that they are in a war mentality against the public

  • @kevinbeck6785
    @kevinbeck6785 4 місяці тому +1

    Thank You !!!

  • @robwilton9539
    @robwilton9539 4 місяці тому +2

    The rules ARE fair. Benefits are designed to help people who would struggle otherwise to get along in daily life. £16,000 is still ample to pay for any eventuality that may crop up.
    What is not fair is that £16,000 would pay for less than four months in a retirement/care home should you have to go into one. How it costs that much is a mystery to me. It also costs over 1,000 a week to have a live in carer. Why? If you had a lodger instead, who could take care of you, they would have free board and lodgings and claim carers allowance as income. Even if you topped up their income with £200 a week, it would still be five or six times less expensive. You would also not have to suffer the smell, noise and irritation of senile nuisances that a care home comes with.

    • @AntNewsUK
      @AntNewsUK  4 місяці тому +2

      I am the £89 a week live in carer, gave up a career I would be on £45,000 a year now with a 40 year pension , rather than 32 years
      But they want to drain my pension pot to £16k. Put a charge on my house for a bathroom if we are eligible for any help.
      But MPs can have a pay rise every year, and write a book whilst they are in office “ Working for us” ?

    • @robwilton9539
      @robwilton9539 4 місяці тому

      @@AntNewsUK No one said they were working for us. A little research would show you who they work for. Their employers are interested in only two things: profit and the complete colonisation of Palestine. The good news is that, as they lend money to governments and like to see Nations in perpetual debt, the more money governments borrow to pay out benefits the better. The real downside is that local councils are merely subsidised by central government so they have a great interest in making money from the elderly.
      Deductions from benefits actually start at £6,000 income and reduce to no benefits at £16,000. Only severe disability benefits are unaffected as they do not count as income. You said they want to drain your pension pot to 16k but they cannot do that ( unless your pot is a private investment portfolio rather than in a pension wrapper (SIP)) as pension pots are not capital.
      Salting money away into gold is the way forward even though the price is regularly reaching new highs. As the East is weaning itself of the FIAT currencies and turning to gold backed currencies, our money will be worth less and less. Pensions will become devalued too as the western stock exchange listed companies struggle with inflation as the FIATS decline. This, despite a recent mini surge in market capitalisation values, will continue to be the trend as it has been for the last 25 years - coinciding with the economic growth in the East and their prudent hoarding of gold.

    • @m0o0n0i0r
      @m0o0n0i0r 4 місяці тому

      the rules are not fair. Surly if I have 16k in savings, I should have to pay less tax as im not entitled to benefits?
      "£16,000 is still ample to pay for any eventuality that may crop up. "
      "What is not fair is that £16,000 would pay for less than four months in a retirement/care home should you have to go into one."
      Seems to contradict your point.

    • @robwilton9539
      @robwilton9539 4 місяці тому

      @@m0o0n0i0r I don't see a contradiction, only a comparison. 16k is ample for day to day living and emergencies like roof repairs or new white goods. However it goes nowhere if you are unfortunate enough to have to go into a care home or retirement home. So one is an example of independent living and the other is the far more costly dependency on social care.
      I am not sure why you think you should pay less tax in lieu of not being entitled to benefits. Benefits are, after all, supposed to be survival payments.

    • @m0o0n0i0r
      @m0o0n0i0r 4 місяці тому

      @@robwilton9539 what one person cosiders day to day expenses might be totally different for another. 16k would not be adequate for me. Why should I pay for benefits i would not be entitled too? and I dont want to rely on government to look after me, they are a bunch of scum