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beccles

Has Anyone On Here Been Made Redundant Whilst Renting?

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Well as you can probably guess I reckon I'm up for chop - but with a £70K pay off. The last thing I want to do with this money is give it to some LL. I'm thinking off buying a Lamborghini/massive holiday to take me below the £16k limit and claiming LHA until I get another job. What'd you think?

Edited by beccles

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Well as you can probably guess I reckon I'm up for chop - but with a £70K pay off. The last thing I want to do with this money is give it to some LL. I'm thinking off buying a Lamborghini/massive holiday to take me below the £16k limit and claiming LHA until I get another job. What'd you think?

That probably won't work - they can look to see if you have done that and it is against the rules.

Do you have any dependents? Any other savings?

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That probably won't work - they can look to see if you have done that and it is against the rules.

Do you have any dependents? Any other savings?

Really?

3, about £6K

EDIT, just looked on the LHA website and it doesnt mention anything, says jewellery is fine though. Wonder how the miisis would like a couple of bar bracelets?

Edited by beccles

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Well as you can probably guess I reckon I'm up for chop - but with a £70K pay off. The last thing I want to do with this money is give it to some LL. I'm thinking off buying a Lamborghini/massive holiday to take me below the £16k limit and claiming LHA until I get another job. What'd you think?

No ties, great opportunity to pack up and leave the country and buy somewhere you'll get more value for your money!

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Really?

3, about £6K

EDIT, just looked on the LHA website and it doesnt mention anything, says jewellery is fine though. Wonder how the miisis would like a couple of bar bracelets?

If you don't have any debts, then I'd advise you look at what you want to do with the rest of your life. Retrain? Exit the country? Frankly I wouldn't be bothered about handing money to the LL. Renting gives you a major flexibility at this point in your life. Just view the £70k as your salary for this year.

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There are no rules around blowing your own cash. Look at that lotto lout who blew all his millions and is now back on the dole and in receipt of LHA.

If you transfer the £70k to friends and families that's another matter and the DSS would say you still had a nominal interest so that wouldn't work.

Yes, blow it on a flash car/holiday.

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There are no rules around blowing your own cash. Look at that lotto lout who blew all his millions and is now back on the dole and in receipt of LHA.

If you transfer the £70k to friends and families that's another matter and the DSS would say you still had a nominal interest so that wouldn't work.

Yes, blow it on a flash car/holiday.

:lol:

I like you.

EDIT. Couldn't I just withdraw it from the bank and say I'm off to the Casino to put it all on Black? Then stick it under the bed.

Edited by beccles

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Feck me. Lifetime to date you have accumulated £6k, and someone is going to give you 12 times that amount just so you will find another job and you think you have a problem.

Welcome to the real world son. In the real world you have to protect what you've got. That doesnt mean making decisions on what to do with tens of thousands of pounds just so you can get a bit of dole.

Sorry if this sounds harsh, but there are two kinds of problems, yours falls in the nice problem category.

We might as well consider that the Barcelona manager has a problem for the second leg of their champions league game because they have a big lead from the first game, but he's not sure whether to rest Xavi, Messi, or Villa for the return.

Man up and find another job.

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Feck me. Lifetime to date you have accumulated £6k, and someone is going to give you 12 times that amount just so you will find another job and you think you have a problem.

I know I'm in the lucky boat atm, I was just thinking out loud really.

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Buy gold. Doesn't count as savings.

Before the doubters roll up, think about it. You don't have to go get your jewelry assayed by the govt to get benefits normally. Oooh well l see you got more than 3 items of jewelry...you could sell your mums wedding ring...that'll keep you off the street til the end of the month etc..

What's next flogging furniture...no its total ********, and whilst the govt is spunking taxdollah on SMI and keeping all those WIN-WIN arseholes in their houses at our expense l thoroughly advise avoiding being punished yet again for not being a feckless credit-agreement-signing hot faced grasping little cretin.

Cheers!

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Well as you can probably guess I reckon I'm up for chop - but with a £70K pay off. The last thing I want to do with this money is give it to some LL. I'm thinking off buying a Lambo/massive holiday to take me below the £16k limit and claiming LHA until I get another job. What'd you think?

Your dilemma highlights just how messed up the country has become. Having cash is seen as a negative. The more you "do the right thing" and accumulate savings etc. the less use it is to you because interest rates are so low so all it does is prevent you from the now widely available freebies such as housing benefit. The incentive to work is lost.

Someone told me about a man with a plan....

Say the man with a plan had £70k as well. He withdrew his £70k gradually and started betting. He selected some sporting events with only two outcomes e.g. a Tennis or knockout Snooker match (not anything with a price on the draw/tie). He wanted one where the players were evenly matched so each is a similar price around evens.

His ideal scenario was where one bookmaker has Player A 4/5 and Player B evens but another bookmaker has Player A evens and Player B 4/5

He went to the first bookie and backed player B for say £1k, then eh went to another bookie and backed player A for £1k.

Whoever won he had staked £2k but got £2k back AND had a losing betting slip for £1k. He then took the £2k and bought something of value that he could later sell in dribs and drabs for cash. I think he bought gold coins and this was some time ago so he must be quids in now if it is true.

He rinsed and repeated until he had enough losing betting slips to total his £70k.

He could then claim freebies, and if anyone asked where his £70k went, when he was made redundant his gambling problem got worse and he lost it all. He had losing betting slips to prove it.

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He had losing betting slips to prove it.

Nice plan - and with the advent of the automated printed betting slips - which means they dont even have any trace of the handwriting of the person who placed the bet - it might be less risky to spend a few hours a week going to your local bookies and picking up discarded losing slips?

Edited by Caveat Mortgagor

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Your dilemma highlights just how messed up the country has become. Having cash is seen as a negative. The more you "do the right thing" and accumulate savings etc. the less use it is to you because interest rates are so low so all it does is prevent you from the now widely available freebies such as housing benefit. The incentive to work is lost.

Someone told me about a man with a plan....

Say the man with a plan had £70k as well. He withdrew his £70k gradually and started betting. He selected some sporting events with only two outcomes e.g. a Tennis or knockout Snooker match (not anything with a price on the draw/tie). He wanted one where the players were evenly matched so each is a similar price around evens.

His ideal scenario was where one bookmaker has Player A 4/5 and Player B evens but another bookmaker has Player A evens and Player B 4/5

He went to the first bookie and backed player B for say £1k, then eh went to another bookie and backed player A for £1k.

Whoever won he had staked £2k but got £2k back AND had a losing betting slip for £1k. He then took the £2k and bought something of value that he could later sell in dribs and drabs for cash. I think he bought gold coins and this was some time ago so he must be quids in now if it is true.

He rinsed and repeated until he had enough losing betting slips to total his £70k.

He could then claim freebies, and if anyone asked where his £70k went, when he was made redundant his gambling problem got worse and he lost it all. He had losing betting slips to prove it.

+1

and some bleeding heart liberal in the DSS will take pity on you.

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Nice plan - and with the advent of the automated printed betting slips - which means they dont even have any trace of the handwriting of the person who placed the bet - it might be less risky to spend a few hours a week going to your local bookies and picking up discarded losing slips?

LOL. I hadn't thought of that and what's worse is, I helped develop the first automated system!

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Well as you can probably guess I reckon I'm up for chop - but with a £70K pay off. The last thing I want to do with this money is give it to some LL. I'm thinking off buying a Lamborghini/massive holiday to take me below the £16k limit and claiming LHA until I get another job. What'd you think?

There is a moral and ethical dilemma disregarding the legal position here.

There are specific rules regarding deprivation of capital that you should consider so you understand how the decision makers would regard your position. There is quite a big section on HMRC website covering the rules and how their officers should apply them. Legally there is nothing wrong with arranging your affairs to minimise your tax liability so, as a judge remarked, to stop the government taking as big a shovelful of your money as they can. So applying it the other way round would it be right for you to arrange your affairs so you could take as big a shovelful of the taxpayers money as possible.

My ethics would stop me from doing so. Although I wouldn't refuse allowing the government to give me free money provided I wasn't deceitful in receiving it. So I have no regrets about receiving child allowance when we were entitled to it. But I wouldn't lie about having more children to get more child allowance.

I'd get more personal satisfaction from using the windfall to provide for myself. Retraining or starting my own business perhaps. I wouldn't feel happy with myself if I knowingly "deprived myself", that is deliberately spent the money or hid it in order to claim benefits that I wasn't really entitled to. That's how I would act. How you act is up to you.

Edited by sleepwello'nights

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
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      • up 5%



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