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Free money! (As long as you don't work)

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    Free money! (As long as you don't work)

    http://news.bbc.co.uk/1/hi/business/7292806.stm

    A new national savings scheme for poor people will be launched across the UK from 2010, Chancellor Alistair Darling has announced in the Budget.

    Many pointed to the financial incentive as the reason for saving. Top-up funding ranged from 20p to £1 for every £1 saved in the various pilot schemes.

    People entitled to sign up will be those receiving working tax credits, child tax credits paid at the maximum rate, income support, jobseeker's allowance, incapacity benefit, employment and support allowance and severe disablement allowance.


    More reason to stick on the benefits then. Why work and lose out on free money on top of your benefits cheque?

    #2
    If you are on benefits and are saving money then your benefits are too high.

    Comment


      #3
      Surely poor people don't have money to save? Isn't that the meaning of "poor"? Or is it just me.

      Presuambly after having saved a certain amount of their benefits, they'll be told they're not eligible for benefits as they have too much money saved.
      Will work inside IR35. Or for food.

      Comment


        #4
        Originally posted by Sockpuppet View Post
        If you are on benefits and are saving money then your benefits are too high.
        True.

        It's a gimmick.

        No one on those benefits or tax credits can put money away for 2 years.
        "You’re just a bad memory who doesn’t know when to go away" JR

        Comment


          #5
          Originally posted by Sockpuppet View Post
          If you are on benefits and are saving money then your benefits are too high.
          I've come to the same conclusion after watching who is buying cigs at the Asda kiosk. The same obviously not employed characters each time and they always have enough cash to buy a few lottery tickets and scratch cards while they are at it

          Comment


            #6
            Asda. We're contractors. We all shop at Fortnum and Mason.

            Comment


              #7
              Originally posted by Sockpuppet View Post
              Asda. We're contractors. We all shop at Fortnum and Mason.

              Our servants all shop at Fortnum and Mason.

              Comment


                #8
                It’s a very cunning plan. If you have more than a certain amount of savings then you are not eligible for benefits. Anyone who signs up for this immediately gets flagged for inspection anyway, but if your saving grow too high you have grassed yourself up.
                How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

                Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
                Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

                "We hang the petty thieves and appoint the great ones to high office" - Aesop

                Comment


                  #9
                  Originally posted by Churchill View Post

                  Our servants all shop at Fortnum and Mason.

                  Only if we're all in London....which we're not
                  It's Deja-vu all over again!

                  Comment


                    #10
                    Originally posted by KathyWoolfe View Post
                    Only if we're all in London....which we're not
                    F&M delivery service. HTH.

                    Comment

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