How much rent should a teenager pay?

[cailin maith]

How is that grabbing a sizeable chunk of their hard earnings already heavily taxed helps?

If he is earning £80pw.... he's not paying any tax.

I think an nominal £15-£20 is sufficient.

[GillsMan]

What you could do is take the money you charge the teenager for rent and, without telling them, put it into a savings account. Then, when they leave, give it to them as a lump sum. They've learned the value of paying rent, and you've helped them a little bit when they move home. Win win IMO.

[cailin maith]

What you could do is take the money you charge the teenager for rent and, without telling them, put it into a savings account. Then, when they leave, give it to them as a lump sum. They've learned the value of paying rent, and you've helped them a little bit when they move home. Win win IMO.

WHS

[AtW]

If he is earning £80pw.... he's not paying any tax.

Alcohol is taxed pretty heavily these days.

HTH

[MarillionFan]

How is that grabbing a sizeable chunk of their hard earnings already heavily taxed helps?

£80 would be tax free.

[shaunbhoy]

In my defense I lived in USSR and in was in the first phase of communism when money are no longer necessary to obtains good. The problem was lack of products...

I notice you are not denying it then alexei?

[cailin maith]

Alcohol is taxed pretty heavily these days.

HTH

Oh piss off, thats not what you meant.

[Support Monkey]

do like i do, Take £100 a month of him and tell him its for rent and food and stuff, stick it in an ISA and don't tell him then in a few years time when he decides he wants to move out and starts looking for his own pad give him the money back as a deposit for his first house you will have saved a tidy sum on his behalf and think about the look on their face when they realise you have done that for them

[rd409]

How is that grabbing a sizeable chunk of their hard earnings already heavily taxed helps?

It makes them realize, life is not always fair. Also I encourage them to invest money into Tax efficient accounts. So I only charge rent as a proportion of money left for them to spend, and that too goes into their education fund.

[shaunbhoy]

It's this kind of behavior that gives them trauma and makes them do the same to their own kids

You say that like it is a bad thing.
It would seem that having grown-up in the mother of all nanny states, these conventions are just something else you are
ill-equipped to pass sensible comment upon.
Not that I expect you to realise that of course.