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Old 14-03-2016, 08:27 PM #26
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Originally Posted by bitontheslide View Post
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.
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Old 14-03-2016, 09:15 PM #27
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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?
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Old 14-03-2016, 09:29 PM #28
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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
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Old 14-03-2016, 09:34 PM #29
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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?
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Old 14-03-2016, 09:46 PM #30
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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.
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Old 14-03-2016, 09:56 PM #31
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Originally Posted by Kizzy View Post
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
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Old 14-03-2016, 10:04 PM #32
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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
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Old 15-03-2016, 08:30 AM #33
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Was in Budget 2005 and 2010. This time £70M to help 116000 savers, cheap con if it happens. 2020 next election

Last edited by golddragon42; 15-03-2016 at 09:23 AM. Reason: up date info
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Old 15-03-2016, 09:56 AM #34
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Was in Budget 2005 and 2010. This time £70M to help 116000 savers, cheap con if it happens. 2020 next election
Thanks Gideon
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