I'm skint - Oh no your not.
Discussion
okgo said:
I don't have kids, what is this allowance you speak of, and when do you stop getting it?
This particular piece of s
tty policy is that which surrounds Child Benefit so it won't effect you - yet.https://www.moneyadviceservice.org.uk/en/articles/...
But like I say, you can have two people earning £49,999 (total household income £99,998) who will be entitled to the full benefit.
But a couple next door where only one works earning £50,001 (total household income £50,001) who won't get a penny of the child benefit.
It's only a grand a year but it would be helpful towards extortionate nursery fees.
Who the f
k thinks this stuff up!DoubleSix said:
This particular piece of stty policy is that which surrounds Child Benefit so it won't effect you - yet.
https://www.moneyadviceservice.org.uk/en/articles/...
But like I say, you can have two people earning £49,999 (total household income £99,998) who will be entitled to the full benefit.
But a couple next door where only one works earning £50,001 (total household income £50,001) who won't get a penny of the child benefit.
It's only a grand a year but it would be helpful towards extortionate nursery fees.
Who the fk thinks this stuff up!
Ah ok, I suppose it would be annoying if it had changed when I had been getting it. I'll never miss it now though, which is slightly easier to swallow, seems stupid mind you.tty policy is that which surrounds Child Benefit so it won't effect you - yet.https://www.moneyadviceservice.org.uk/en/articles/...
But like I say, you can have two people earning £49,999 (total household income £99,998) who will be entitled to the full benefit.
But a couple next door where only one works earning £50,001 (total household income £50,001) who won't get a penny of the child benefit.
It's only a grand a year but it would be helpful towards extortionate nursery fees.
Who the f
k thinks this stuff up!Issi said:
Many years ago, me and a Scottish mate were walking around town on a Saturday afternoon, and he asked if I fancied a drink.
We stopped at a local pub and he bought himself a pint and me a half, as I was driving.
A couple of days later he went back to the RAF and I didn't see him for a couple of months.
Met up with him in a pub on his return, and his first words were 'Your round!'
He's just got a very good memory ....We stopped at a local pub and he bought himself a pint and me a half, as I was driving.
A couple of days later he went back to the RAF and I didn't see him for a couple of months.
Met up with him in a pub on his return, and his first words were 'Your round!'
DoubleSix said:
okgo said:
I don't have kids, what is this allowance you speak of, and when do you stop getting it?
This particular piece of stty policy is that which surrounds Child Benefit so it won't effect you - yet.https://www.moneyadviceservice.org.uk/en/articles/...
But like I say, you can have two people earning £49,999 (total household income £99,998) who will be entitled to the full benefit.
But a couple next door where only one works earning £50,001 (total household income £50,001) who won't get a penny of the child benefit.
It's only a grand a year but it would be helpful towards extortionate nursery fees.
Who the f
k thinks this stuff up!In the example above, the couple where one is earning £50,001 should put £1.50 extra into a pension and then invest the child benefit into paying the fecking mortgage, or should both attempt to work part time. I wish we'd done the sums when our kids were little, because if both of us had worked 2.5 days (one being a nurse) rather than me working 5 days and my wife doing the traditional child rearing thing, we would have been better off.
Pit Pony said:
In my humble opinion, If a couple went through the legally binding process of getting married, (or having a civil legal joining together) they should be taxed as a joint partnership.
Yep - its the same when it comes to property.Two single people living together can own a property each and therefore pay no CGT. Married couples lose this ability - even if the properties are held in separate names (you are treated as a unit).
Successive governments have reiterated the importance of marriage and the family unit - yet policies like this the child benefit thing appear to discourage this (I don't have kids BTW).
As you say - if a couple get married - they should at least have the option of sharing tax liabilities, transferring tax free benefits in cases where only one person works or where there is a large discrepancy in pay between them etc.
DoubleSix said:
This particular piece of stty policy is that which surrounds Child Benefit so it won't effect you - yet.
https://www.moneyadviceservice.org.uk/en/articles/...
But like I say, you can have two people earning £49,999 (total household income £99,998) who will be entitled to the full benefit.
But a couple next door where only one works earning £50,001 (total household income £50,001) who won't get a penny of the child benefit.
It's only a grand a year but it would be helpful towards extortionate nursery fees.
Who the fk thinks this stuff up!
It's not quite as simple as that, still grossly unfair though. If you earn over 50k you get 10% less child benefit for every 1k over 50k you earn, so you don't get zero until you earn 60k. You can claw some back through pension contributions too. tty policy is that which surrounds Child Benefit so it won't effect you - yet.https://www.moneyadviceservice.org.uk/en/articles/...
But like I say, you can have two people earning £49,999 (total household income £99,998) who will be entitled to the full benefit.
But a couple next door where only one works earning £50,001 (total household income £50,001) who won't get a penny of the child benefit.
It's only a grand a year but it would be helpful towards extortionate nursery fees.
Who the f
k thinks this stuff up!okgo said:
Ah ok, I suppose it would be annoying if it had changed when I had been getting it. I'll never miss it now though, which is slightly easier to swallow, seems stupid mind you.
I resent it, as I've paid in to the system for the last 25 years only to find it taken away when we had a child. We're one of those mostly single earner, no child benefit families. It's a small amount of money but annoying nevertheless.Aggregating tax allowances would make a big difference to us.
I'm probably this person, I always say I'm skint. I normally am but that's because I'm overpaying all of my debts to clear them asap whilst trying to save for a house at the same time, so I normally have £20 to spend on myself throughout the month, which normally goes into the savings pot.
R2T2 said:
I'm probably this person, I always say I'm skint. I normally am but that's because I'm overpaying all of my debts to clear them asap whilst trying to save for a house at the same time, so I normally have £20 to spend on myself throughout the month, which normally goes into the savings pot.
But at least you can explain that to people with a straight face. R2T2 said:
I'm probably this person, I always say I'm skint. I normally am but that's because I'm overpaying all of my debts to clear them asap whilst trying to save for a house at the same time, so I normally have £20 to spend on myself throughout the month, which normally goes into the savings pot.
Come again? £20...? Buster73 said:
Issi said:
Many years ago, me and a Scottish mate were walking around town on a Saturday afternoon, and he asked if I fancied a drink.
We stopped at a local pub and he bought himself a pint and me a half, as I was driving.
A couple of days later he went back to the RAF and I didn't see him for a couple of months.
Met up with him in a pub on his return, and his first words were 'Your round!'
He's just got a very good memory ....We stopped at a local pub and he bought himself a pint and me a half, as I was driving.
A couple of days later he went back to the RAF and I didn't see him for a couple of months.
Met up with him in a pub on his return, and his first words were 'Your round!'
R2T2 said:
I'm probably this person, I always say I'm skint. I normally am but that's because I'm overpaying all of my debts to clear them asap whilst trying to save for a house at the same time, so I normally have £20 to spend on myself throughout the month, which normally goes into the savings pot.
A couple of months ago I got landed with having to bail my sister out of a financial predicament and it meant that my fun money for that particular month was only £500 and it was a struggle. How do you go about enjoying your life with £20 to spend on yourself for an entire month?! One of my best men rarely bought a round and was always short of cash. It took me a good few years of funding half of his nights out to realise once he'd had a few he'd lose all track of whos round it was and I could (and did) get away with saying it was his round over and over. Once he wasn't living month to month he got a lot better thankfully.
BrabusMog said:
A couple of months ago I got landed with having to bail my sister out of a financial predicament and it meant that my fun money for that particular month was only £500 and it was a struggle. How do you go about enjoying your life with £20 to spend on yourself for an entire month?!
IMHO you don't! I've littered PH with posts about car running costs etc because a grand a year (the difference between 30ish and 40ish mpg) is significant to my quality of life.After I pay for roof/electricity etc, I reckon I have ~650 "disposable" choosing to run a Golf GTI instead of a 1.25 fiesta is probably ~120pcm from that. The bizarre thing is that I consider myself lucky that I have an income that at least allows me to juggle options like selling my car for a cheaper one, even if K only have a holiday abroad every oher year.
If you join some "Cars for sale in Whatever Town" groups on facebook you get a real insight into how tight some people's budgets really are.
BrabusMog said:
A couple of months ago I got landed with having to bail my sister out of a financial predicament and it meant that my fun money for that particular month was only £500 and it was a struggle. How do you go about enjoying your life with £20 to spend on yourself for an entire month?!
Because other than fuel there is nothing that I need. I used to buy a crate of beer a week and drank maybe 4 from the crate so I ended up with loads to take with me and use up. The £20 is only for 3 months and then it goes up to £476 as I'll clear a large proportion of the debts.
I use the £20 when I go out, but as we normally go to each others places and have a night of beer takeaway and gaming/ chatting it can go surprisingly far. My mates all know the position I'm in and understand.
An ex left me with some pretty serious money issues and I've been recovering from that for a year but the last 2 months I've had £20 left. It's been hard but I'm glad it's coming to an end.
R2T2 said:
Because other than fuel there is nothing that I need. I used to buy a crate of beer a week and drank maybe 4 from the crate so I ended up with loads to take with me and use up.
The £20 is only for 3 months and then it goes up to £476 as I'll clear a large proportion of the debts.
I use the £20 when I go out, but as we normally go to each others places and have a night of beer takeaway and gaming/ chatting it can go surprisingly far. My mates all know the position I'm in and understand.
An ex left me with some pretty serious money issues and I've been recovering from that for a year but the last 2 months I've had £20 left. It's been hard but I'm glad it's coming to an end.
Just (re)stumbled across this thread - hope the £20 months are over now and you're up to the more generous monthly budget. Well done on clearing the debts off. The £20 is only for 3 months and then it goes up to £476 as I'll clear a large proportion of the debts.
I use the £20 when I go out, but as we normally go to each others places and have a night of beer takeaway and gaming/ chatting it can go surprisingly far. My mates all know the position I'm in and understand.
An ex left me with some pretty serious money issues and I've been recovering from that for a year but the last 2 months I've had £20 left. It's been hard but I'm glad it's coming to an end.
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