[user104658]

Originally Posted by bitontheslide

If you take out a loan from the bank for £50 a month and put it directly in the scheme, the interest charge will be much less than your final amount that you would get from the scheme. Its a no brainer

Low-earners are highly unlikely to get a £2400 bank loan, unless their credit is well established and immaculate.

[Kizzy]

Hang on if you're taxed on savings over a grand and you're putting your wages in it if you're a low wage earner that pays little tax initially isn't this just a way to squeeze a bit more?

[hijaxers]

Originally Posted by Toy Soldier

I dunno, I'd say most people on lower incomes (low paid working, not NO income) could save £50 a month by cutting something out. Certain expenses when you telly them up can be quite alarming... For example, I was adding some things up recently and realised that we spend over £40 a month on Ribena. And £50 a month on cheese ...

I realise this is potentially not normal, but still, I would say a large proportion of people on tax credits COULD save that if they wanted to.

My concern, like others, is that if too many people take it up it'll give the govt. An excuse to say "See? Everyone CAN live on less, cut cut cut."

This has got to be a wind up - £40 a month on the biggest rotter of teeth known to man

[user104658]

Originally Posted by hijaxers

This has got to be a wind up - £40 a month on the biggest rotter of teeth known to man

Isn't that coke?

And no, for over a year it was all our youngest (who is autistic) would drink. Literally ALL she would drink. It was that or, well, death...
Basically. She will thankfully accept other juice these days...

No problems with her teeth though, but then, I've never had a filling either so we may just have genetically strong teeth?

[Kizzy]

Originally Posted by Toy Soldier

Isn't that coke?

And no, for over a year it was all our youngest (who is autistic) would drink. Literally ALL she would drink. It was that or, well, death...
Basically. She will thankfully accept other juice these days...

No problems with her teeth though, but then, I've never had a filling either so we may just have genetically strong teeth?

Have you ever considered putting other juice in a ribena bottle?
Kids are notoriously stupid.

[Cherie]

Originally Posted by Kizzy

Hang on if you're taxed on savings over a grand and you're putting your wages in it if you're a low wage earner that pays little tax initially isn't this just a way to squeeze a bit more?

From April you will not be taxed on INTEREST received up to 1000 if you are a basic rate tax payer not savings

[Kizzy]

Originally Posted by Cherie

From April you will not be taxed on INTEREST received up to 1000 if you are a basic rate tax payer not savings

Ah right thanks

[golddragon42]

Was in Budget 2005 and 2010. This time £70M to help 116000 savers, cheap con if it happens. 2020 next election

[Kizzy]

Originally Posted by golddragon42

Was in Budget 2005 and 2010. This time £70M to help 116000 savers, cheap con if it happens. 2020 next election

Thanks Gideon