How to stay to under capital limit

[Thirdchildjoy]

I need some advice on how no to breach the UC capital limit.

I work the required hours to quality for UC within my mates business. I get minimum wage but it is easy work. I get really good maintenance from both my babydaddies. One want to give us a bit more money but I'm strugging with the saving limit.

Does anyone know if I put the money into a pension whether it would be seen as deprivation of capital? I kind of see as the same as those people who put money into pensions to stop losing child benefit.

Are there any other ways to "invest" which wouldn't impact my UC money?

There are people with children earning £105k a year and putting £6k in their pension to ensure the tax payer supports their childcare payments. also to ensure they don’t lose their personal allowance.

many people look at how to claim benefits

Exactly even the richest people look at what they can get from the Government, and they have experts to help them.

I haven’t said anything about the rules?

I know that.

I totally agree
a few women I know are having to face in to losing UC now their DC are 18. Because they chose this path rather than career they are stuck in low paid, part time employment. Having to give up rentals they no longer have the UV for
I hated working when mine were little, and felt quite irrational resentment that I had to.
now I’m 55, great career, amazing pension lump sum on its’ way.
full state pension and a nearly paid off home

I don’t resent women making the choice to work bare minimum, but it has long term consequences

And you want the taxpayer to subsidise your lifestyle choices. Nice. You are getting good maintenance from your sperm donors, you don't need UC.

Do you have another child on the way with a third "babydaddy"?

You already know the rules though. Your post is titled how to 'stay under' the capital limit.

For many single parents on historic benefits there is an issue when benefits stop as the children turn 18. Many are oblivious that this is going to happen and haven’t taken up full time work as the youngest reached 11/12

UC was rolled out fully in 2018/2019 and with this benefit is a lot more pressure to move into work as youngest is 2/3 and then into full time work

so for OP there will/could be pressure to earn a full time wage as her children age & if she is still claiming benefits

It will be soon for occupational pensions.

Also your tax example is not a relevant one. You are claiming means tested benefits. The wealthy tax circumventing types you are talking about aren't.

I know that rule. There are many many rules rules - they don't make it easy.

Its not supposed to be 'easy'. There have to be rules for obvious reasons.

Child maintenance isn't considered in the mean testing.

Unless the primary purpose is to avoid capital limits.

And what did they want?! Did they sign up to 18 years' child maintenance to help fund your desires, or did they think they were in a relationship?

Honestly, this whole thread just makes me shake my head. "How do I get more state benefits that I don't really need?" isn't a question I have much interest in answering.

As you say, it's the rule-setters to blame, so I will certainly be looking at what the various party manifestos have to say on stopping situations like this from occurring. Out there are people who DO desperately need money and whose problem isn't "I have so much money coming in I'm not sure what to do next" and equally there are people whose jobs are not "very easy work" as you described yours to be who are paying taxes to fund these extra benefits you don't need.

No further comment.

I know that. Money accumulated from it as savings is though. What are you going to do with your life once your children are grown up and there's no more CM and barely any MTB entitlement?

I think this line of enquiry to could detrimental to your future finances.

• what happens when your children are 18 and you're no longer eligible for maintenance?
• what happens if one of the fathers loses his job or gets ill?
• what happens if the rules change and you've not got a chance of increasing your hours?

At certain age levels of the children there will be more expectation to work but the OP username leads me to believe that won't be for some time yet and is one reason I was against removing the benefit cap..

Baby daddies lol

This is obviously rage bait lol.

I think I'm going to stop posting on this thread. Thank you to the helpful posters early on.

But the people who like to shit on the little people seem to have turned up to judgey pants rather than helpful.

I'm taking away that is probably most effective for my "non-romantic co-parents" (my babydaddies) to put money into Isas for the kids and reduce the level of maintenance a bit.

Agree

The difference is that people who earn £100k a year are already contributing heavily into the system with tax and national insurance, you say that you don’t need the money, but you’re ‘entitled’. That’s the issue, and one of the reasons the benefits bill in this country is out of control.

sorry, meant maintenance

Oh so the more money you earn, its fine

Just like Starbucks employee people on NMW so they are benefiting the company so them not paying tax is fine