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Buy v Rent

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    #11
    I like that idea
    The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

    But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

    Comment


      #12
      Originally posted by shaunbhoy
      The problem there AtW is that if you own a house when you reach retirement age then need health care, the government here will simply take your house and all its equity to pay for it. No, what you need to be thinking about now as a retirement plan is selling up around retirement age, stuffing the money into a high interest account, and buying a narrow boat to live on. Low cost and low maintenance with very few bills involved. Potter around the burgeoning canals system from pub to pub having a whale of a time until you finally shuffle off your mortal coils. Lovely!
      I would have thought that if the government really can take your house and it's equity for health care then they will also be able to take any money you have in a high interest account, so you've gained nothing.

      however it is true that most state provided services for OAPs e.g. home helps, state nursing homes etc are means tested, however I'm pretty sure that it doesn't matter if your money is sitting in a nice high interest account or in your house.
      "Well behaved women rarely make history"

      Comment


        #13
        The equity in my home will enable me to live a live of leisure in my villa next year.

        Comment


          #14
          Originally posted by janey
          I would have thought that if the government really can take your house and it's equity for health care then they will also be able to take any money you have in a high interest account, so you've gained nothing.

          however it is true that most state provided services for OAPs e.g. home helps, state nursing homes etc are means tested, however I'm pretty sure that it doesn't matter if your money is sitting in a nice high interest account or in your house.
          They can't take your house as such but they will give you a bill that will force you to sell it. On the other hand if you piss it away the state will pay for everything. It's a no brainer (innit)
          The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

          But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

          Comment


            #15
            My view on pension was always this - if I wont be very rich by the time I retire, then I deserve all the crap stuff I get. Some people I know put 15-20% of their gross into pension, like their pot would not be robbed by Browns of this world - non-state pension system is a scam encouraged by Govt because it allows them to cut down their own (well, from taxes they get) contribution to pensions of all taxpayers, in anticipation of being able to rob those private pensions when the times come - there is absolutely no *****ing way I am going to put money into any account that prevents me from withdrawing them at very short notice, I am certainly not stupid to put money into pot that is only available when I am 60-65.

            But the truth is that for most people in the UK situation is dire - they have to own house by the time they retire or they will be in deep sh1t in terms of quality of life, I mean, heck what's the pension these days - 80 quid a week?

            Comment


              #16
              ...unless of course instead of putting your money in bricks and mortar, you have shares in:......


              GAZPROM
              I'm alright Jack

              Comment


                #17
                Well, I do own shares of Gazprom - got them free actually during privatisation in early 90s...but I am going to sell them now because the price reached ridiculous level and there is not much further to go.

                Comment


                  #18
                  Originally posted by AtW
                  I mean, heck what's the pension these days - 80 quid a week?
                  You can buy alot of Mr Kiplings cakes for £80.
                  The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

                  But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

                  Comment


                    #19
                    Originally posted by Bagpuss
                    They can't take your house as such but they will give you a bill that will force you to sell it. On the other hand if you piss it away the state will pay for everything. It's a no brainer (innit)
                    indeed, but my understanding of the previous post was that if you had money in a high interst account the government couldn't touch it... unless of course that high interest account just happens to be located off shore of course
                    "Well behaved women rarely make history"

                    Comment


                      #20
                      Originally posted by janey
                      indeed, but my understanding of the previous post was that if you had money in a high interst account the government couldn't touch it... unless of course that high interest account just happens to be located off shore of course
                      No, they will take it all fank you very much. Unless you have nothing, then you can have it for free.
                      The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

                      But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

                      Comment

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