Where does the govt think my money is invested????

[davek_964]

I was speaking to somebody last night who received job seekers allowance. Whilst I don't plan to give up working and claim it - tempting though that is - it made me curious and I just completed one of those online calculator things to see what it would be (which isn't much).

However - the thing that really surprised me is the figure the government assume as income from savings. If you are over pension age, they assume you receive £1 per week for every £500 of capital above £10,000.
If you're under pension age, then they assume £1 per week for every £250 above £6,000!

If anybody can suggest where I can get these kind of returns please let me know. According to those figures I don't actually have to work since I could comfortably live off the interest from my savings.........

[davek_964]

55palfers said:

Another example of where being prudent is penalised.

Blow the lot on coke and hookers and you can claim.

If I'm living it up and blowing my savings, I reckon I wouldn't need to pay for hookers.
Once I'm unemployed and living on ~£73 a week, I might need them but couldn't afford them!

[davek_964]

Jockman said:

Either I'm reading those figures incorrectly or those returns are easily attainable in, say, a Santander Account.

Note that the figure is per week....