megalithic Posted March 30, 2013 Share Posted March 30, 2013 I don't know the limits on savings but let's say you have 3 grand tucked away. Link to comment Share on other sites More sharing options...
tinfoilhat Posted March 30, 2013 Share Posted March 30, 2013 I don't know the limits on savings but let's say you have 3 grand tucked away. I've no issue with 3k - you must have worked to get it. I'm not even sure the man has. Link to comment Share on other sites More sharing options...
Strix Posted March 30, 2013 Share Posted March 30, 2013 Iirc the limit is 10k If you've had a decent job, benefits won't make your ends meet, so you're going to need that cushion to fill the gap whilst you either find a new job or realign your finances to your new circumstances Link to comment Share on other sites More sharing options...
megalithic Posted March 30, 2013 Author Share Posted March 30, 2013 You can claim benefits if you have 10k stashed ? I find that wrong, 2 or 3k so you can enjoy a certain amount of normality till you find more work would be fair i think. And let's remember the key word here, "morally". Link to comment Share on other sites More sharing options...
Strix Posted March 30, 2013 Share Posted March 30, 2013 perhaps, 'morally', assets should be taken onto consideration, so home owners should be forced to sell up and pay back any benefits they've received in the interim Link to comment Share on other sites More sharing options...
megalithic Posted March 30, 2013 Author Share Posted March 30, 2013 perhaps, 'morally', assets should be taken onto consideration, so home owners should be forced to sell up and pay back any benefits they've received in the interim Ooh, that's a tough one, i wouldn't like to call it. Link to comment Share on other sites More sharing options...
chem1st Posted March 30, 2013 Share Posted March 30, 2013 You can claim full benefit if you have £6000 in cash savings. If over £6000 in cash savings, benefit is reduced by £1 per £250 of savings. You can thus claim benefit with savings up to £16000 in cash. If you own a £100 million house, you can still claim benefit. Why should cash savings be treated differently to housing? Why does the state penalise cash savers and encourage investment into property? Whom does this benefit? (Large land and property owners of course!) Link to comment Share on other sites More sharing options...
Strix Posted March 30, 2013 Share Posted March 30, 2013 Well, given the current state of the banks, and the fact that people have invested in property instead of banking wealth to accrue interest, what's the difference between property and savings? Link to comment Share on other sites More sharing options...
andygardener Posted March 30, 2013 Share Posted March 30, 2013 You can claim full benefit if you have £6000 in cash savings. If over £6000 in cash savings, benefit is reduced by £1 per £250 of savings. You can thus claim benefit with savings up to £16000 in cash. If you own a £100 million house, you can still claim benefit. Why should cash savings be treated differently to housing? Why does the state penalise cash savers and encourage investment into property? Whom does this benefit? (Large land and property owners of course!) Blink, have I just seen a ghost? Art a back wid us na? Link to comment Share on other sites More sharing options...
megalithic Posted March 30, 2013 Author Share Posted March 30, 2013 I think the thing is, spare cash is a luxury, a home isn't. ---------- Post added 30-03-2013 at 01:15 ---------- Blink, have I just seen a ghost? Art a back wid us na? I thought that too. Let's hope so. Link to comment Share on other sites More sharing options...
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