what money do you get?
Discussion
OP seems to have got tired of the work he is in, sees countless spongers who have put FA into the system and feels that surely after years of putting in 40%+into the system! he is entitled to something which would allow him to take things a bit easier.
It doesn't work like this. He doesn't sound council to me at all, a victim of a Daily Mail propaganda at worst.
He needs to be serious about taking a lower level of lifestyle to make the move.
He certainly needs to legitimately spend some of the money he has, accept that he needs to give up on supporting the kids and the wife is going to have to be willing to move into this lower level of lifestyle.
Obviously giving up work deliberately is a bad idea but if the long term goal is to get on benefits, he needs to be pushed out.
If he has had health issues then getting on the benefit bandwagon may be easier.
It doesn't work like this. He doesn't sound council to me at all, a victim of a Daily Mail propaganda at worst.
He needs to be serious about taking a lower level of lifestyle to make the move.
He certainly needs to legitimately spend some of the money he has, accept that he needs to give up on supporting the kids and the wife is going to have to be willing to move into this lower level of lifestyle.
Obviously giving up work deliberately is a bad idea but if the long term goal is to get on benefits, he needs to be pushed out.
If he has had health issues then getting on the benefit bandwagon may be easier.
Good point about jobs. It will be interesting to see what the response is but I suspect he feels it isn't worth the hassle.
Much of what we work for is to feed consumerism and there comes a point in life when the value of the stuff you don't pay for is worth more than anything you can buy.
Or he's just a lazy f
ker.
Much of what we work for is to feed consumerism and there comes a point in life when the value of the stuff you don't pay for is worth more than anything you can buy.
Or he's just a lazy f
ker. As far as I know, many of the supposed benefits won't arise in this case, because of the savings, and assets in general. Understandably, benefits are *supposed* to be only for those in *need*.
To give up work at 48-50 with *only* £70k sounds highly risky to me given there are 4 kids to consider. Essentially, it's far too early to give up work unless you expect a big inheritance/lottery win - it's over 15 years until you'll get State Pension (albeit the amount of money involved isn't great) and a lot can happen during that time.
Perhaps just change to a more enjoyable job ?
To give up work at 48-50 with *only* £70k sounds highly risky to me given there are 4 kids to consider. Essentially, it's far too early to give up work unless you expect a big inheritance/lottery win - it's over 15 years until you'll get State Pension (albeit the amount of money involved isn't great) and a lot can happen during that time.
Perhaps just change to a more enjoyable job ?
Steviesam said:
How would the benefits people know he had £70k?
Genuine question, I always wondered this.
They get you to declare it and promise you are being honest.Genuine question, I always wondered this.
As for the OP.. He won't get s
t until hes squandered/hidden nearly all of it.edit: this thread is proper council.
Edited by cat with a hat on Wednesday 19th October 18:58
I find it almost impossible to believe anyone could take the original post as anything other than OP musing over an idea, yet there's people who seem to take every single typed word as almost a challenge on here.
Anyway, OP. It is an interesting question.. What would society give me, now I've decided it's my turn to sit back and take a slice.
I'm no expert on the facts, but as said the fact you gave up work would be the first barrier. I've seen this happen with people almost forced out of jobs for various reasons. Then the savings become a problem. The truth is that the benefits system certainly wouldn't entertain your current lifestyle. Which to be fair is the way it should and needs to be. But that's not to say you couldn't somehow adjust your expenditure to stay in the same house/car/social scene by being careful in other ways.
For instance, a chap I work with is approaching retirement with a pretty good pension. He owns his house and has told me he has applied for a council flat and will be selling the house on retirement, splitting the money between his two children leaving him enough in the bank that he is still entitled to receive the flat. He has two friends locally who have done exactly that and seems keen to follow. Not every council will allow this but his does. He has had it all checked out and sort legal advice. He is happy to see his days out in a council flat that's maintained for him knowing he has worked to pass on his wealth to his kids. He won't be short of money as his pensions will give him and his wife a good income.
I'm not sure I can say I'd look forward to spending my retirement in a council flat. But I do almost admire his thought process. It takes quite a lot to take a step back in perceived wealth/consumerism. Most of us seemingly can't manage it or just don't want to which is more than fair enough. I have always had the fantasy that I may one day stop working and drift. I'd like to see the world. I'd like to know what it feels like to wake up every day for a year and poke my head out of a camper van to check the surf. I'd like to feel the weight lifted off my shoulders from the worries of future financial strain. I'd like to say to the world and my friends and family that money isn't the be all and end all for happiness and contentment. I have worked hard all my life in the hope that one day these things will come, but I'm becoming more aware that working probably won't bring these any closer.
The truth is you can't have everything. My father told me that when I was moaning to him in my younger days that my friends had all gone travelling, and I was still away working. I do now understand him, and it's valuable advice. You can pretty much go out and get or do anything in life, but nobody can have everything.
Anyway, OP. It is an interesting question.. What would society give me, now I've decided it's my turn to sit back and take a slice.
I'm no expert on the facts, but as said the fact you gave up work would be the first barrier. I've seen this happen with people almost forced out of jobs for various reasons. Then the savings become a problem. The truth is that the benefits system certainly wouldn't entertain your current lifestyle. Which to be fair is the way it should and needs to be. But that's not to say you couldn't somehow adjust your expenditure to stay in the same house/car/social scene by being careful in other ways.
For instance, a chap I work with is approaching retirement with a pretty good pension. He owns his house and has told me he has applied for a council flat and will be selling the house on retirement, splitting the money between his two children leaving him enough in the bank that he is still entitled to receive the flat. He has two friends locally who have done exactly that and seems keen to follow. Not every council will allow this but his does. He has had it all checked out and sort legal advice. He is happy to see his days out in a council flat that's maintained for him knowing he has worked to pass on his wealth to his kids. He won't be short of money as his pensions will give him and his wife a good income.
I'm not sure I can say I'd look forward to spending my retirement in a council flat. But I do almost admire his thought process. It takes quite a lot to take a step back in perceived wealth/consumerism. Most of us seemingly can't manage it or just don't want to which is more than fair enough. I have always had the fantasy that I may one day stop working and drift. I'd like to see the world. I'd like to know what it feels like to wake up every day for a year and poke my head out of a camper van to check the surf. I'd like to feel the weight lifted off my shoulders from the worries of future financial strain. I'd like to say to the world and my friends and family that money isn't the be all and end all for happiness and contentment. I have worked hard all my life in the hope that one day these things will come, but I'm becoming more aware that working probably won't bring these any closer.
The truth is you can't have everything. My father told me that when I was moaning to him in my younger days that my friends had all gone travelling, and I was still away working. I do now understand him, and it's valuable advice. You can pretty much go out and get or do anything in life, but nobody can have everything.
Wouldn't get much tax credits with the wife earning that amount.
Get her to give up work. Start a business as a sole trader doing boot sales or EBay etc. declare you earn less than £10k a year, probably get around £12k per year on child tax credits if the kids are below 16.
You can hyperthetically work it out using online tax credit calculator.
How all the immigrants do it.
Get her to give up work. Start a business as a sole trader doing boot sales or EBay etc. declare you earn less than £10k a year, probably get around £12k per year on child tax credits if the kids are below 16.
You can hyperthetically work it out using online tax credit calculator.
How all the immigrants do it.
cat with a hat said:
They get you to declare it and promise you are being honest.
Yep. And then they go digging.I was made redundant a number of years ago and claimed JSA for a period. I was pulled in for a meeting where they clearly had had access to my bank accounts. I can't remember the details but they knew I had more money than they thought I should have. I didn't ask too many questions because it appeared although they knew about bank accounts they didn't know about anything else.
iirc £16k is the cut off. If you have more you have to spend that before you can claim.
Which is a f
king nonsense of course, favouring idlers over savers but there you go.Gassing Station | Jobs & Employment Matters | Top of Page | What's New | My Stuff