How much rent should a teenager pay?

[rd409]

It's this kind of behavior that gives them trauma and makes them do the same to their own kids, btw I hope you all declare those dirty rent money taken from your own family!

Trauma, what trauma? Think of the trauma they would experience when they are on their own, and realise, there is no more funding available from their parents? This is just to make sure they understand the reality of this world. The kids dont have to work to pay the rent, it can even come off their pocket money. I seriously recommend watching an episode of "Bank of Mum and Dad".
And btw what part of Tax Efficient Accounts don't you understand?

[gingerjedi]

I meant taxed heavily: if money are spent on stuff like snacks, beer then VAT alone is 20% which happened to be same as income tax, then duties on top.

By taking it off them and putting it in an ISA you're preventing them from incurring tax Shirley?

[Churchill]

By taking it off them and putting it in an ISA you're preventing them from incurring tax Shirley?

Are you getting wet?

Because by arguing with AtW, you are certainly pissing into the wind.

[MarillionFan]

They earn their own money you numpty, there is no need to take rent cash from them - especially given that you have already probably mostly repaid your mortgage.

Keep fishing my Russian friend.

Yeah! YEAH! WHS. Love should be unconditional, not some way to rip off your kids to keep you in cigarettes!!!

(how was that?)

[Scrag Meister]

£20 a week would be reasonable, lets face it an 18 year old easily eats that in a week, let alone the electric, gas, water etc.....

[TykeMerc]

Are you getting wet?

Because by arguing with AtW, you are certainly pissing into the wind.

Not wrong there. It's completely futile.

Once AtW has pronounced his "viewpoint" he will defend it in the face of any and all evidence to the contrary.

[shaunbhoy]

Once AtW has pronounced his "viewpoint" he will defend it in the face of any and all evidence to the contrary.

WTMS

He is like a particularly stubborn donkey, but without ever reaching the same dizzy intellectual heights!

[Platypus]

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.

Great idea, but you've clearly not met my ex

[NotAllThere]

It's 50% of take home - whether that's dole or from a job. This is fine when he's on a lower income. When he starts earning more, it becomes considerbly more attractive for him to move out. Charging rent is merely contributing to the expenses of the household, getting him used to paying his way.

I'll bank it, and use it to help him move out - flat deposit, furniture, whatever.

[Sysman]

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.

That is what an aunt did for her daughter, except she stayed at home for quite a few years after getting her first job.

It provided the money for carpets, curtains and kitchen equipment when the daughter finally got her own place.