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Saving whilst on benefits

29 replies

speedymama · 03/11/2006 14:26

This is not about people who claim benefits, just an observation about the system.

Just listened to the Jeremy Vine show and they were discussing savings. A woman called in and wanted to know if there was a way she could save more of her benefits without being penalised. She was self-employed, claimed working tax credits, housing and council tax benefits.

My first thought was if she is able to save considerable amounts of her benefits, why did she need housing and council tax benefits? From my perspective, the benefit system should be there for those who would be in dire straits without it. For example, my DB is currently looking for work after being made redundant from his company but because the company was insolvent, he received less than ?5k for 25 years service. He has 4 children aged between 2 and 10 and this is the first time he has ever been out of work.

Obviously I do not know the caller's circumstance but I can understand how it annoys people who, because they earn a certain amount, do not qualify for help, have to struggle to pay their rent or mortgage out of their earnings which are taxed and are unable to save.

OP posts:
misdee · 03/11/2006 16:25

well it has the dss office there so the credit union is in the right place

the town centre is a dump though. they are knocking it down and rebuilding it.

rustybear · 03/11/2006 16:25

I do - Misdee's right

nailpolish · 03/11/2006 16:29

well it would be pointless putting it somewhere posh and affluent wouldnt it

misdee · 03/11/2006 16:34

exactly, which is why i am not surprised its in hatfield. it used to be quite a busy commuter town, its under the same council as welwyn, but welwyn is apparently posher (but not where i live)

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