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Thread: Welfare Benefits

  1. #1
    Registered Member Major Starbold's Avatar
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    Default Welfare Benefits

    David Cameron has announced an historic shake-up of the welfare system, vowing an end to the culture in which claiming benefits is regarded as an acceptable alternative to work.

    Read more: Meet the middle-class benefits cheats | Mail Online

    When someone applies for any Welfare Benefits are they not 'checked' to find out if they have money???

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    ZPymsLQ - Welfare Benefits

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    Registered Member Nic's Avatar
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    Default Re: Welfare Benefits

    You have to send copies of your bank statements and savings books I think, but I dont think they can actively check due to data protection. Also, And CK might be able to clarify this, but savings in your childs name dont count. A lot of people who used to come into my work had things like JSA and Housing benefit, but 22K ( max amount) in a child savings and saying it belonged to a child so it couldnt be used for means testing

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    Default Re: Welfare Benefits

    I don't know about ways to hide cash cos i've never worked on a means tested benefit. I did get told though that the best way to hide money was in premium bonds, the reason being that you don't earn interest therefore you don't get taxed therefore the taxman doesn't need to know and if he doesn't know then there's no way to get hold of info on how many you have and so on.

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    Dangerous Dilettante
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    The taxman is bloody useless at keeping tabs on people's money anyway. They had me down as being fully employed and claiming job seekers at the same time.

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  5. #5
    Dangerous Dilettante
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    Quote Originally Posted by Major Starbold View Post
    David Cameron has announced an historic shake-up of the welfare system, vowing an end to the culture in which claiming benefits is regarded as an acceptable alternative to work.

    Read more: Meet the middle-class benefits cheats | Mail Online

    When someone applies for any Welfare Benefits are they not 'checked' to find out if they have money???
    They may very well check, but the thing with cheats and criminals is they lie and cheat.

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    Default Re: Welfare Benefits

    Quote Originally Posted by Ck View Post
    I don't know about ways to hide cash cos i've never worked on a means tested benefit. I did get told though that the best way to hide money was in premium bonds, the reason being that you don't earn interest therefore you don't get taxed therefore the taxman doesn't need to know and if he doesn't know then there's no way to get hold of info on how many you have and so on.
    The limit for any one person to hold in premium bonds is 30 thousand I think... and it's dead money because its just devaluing all the time.
    A person might just as well shove it under the mattress.

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  7. #7
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    Default Re: Welfare Benefits

    There's always a chance you might win, plus it's not at risk of theft or fire or any other damage. The main point is that if you wanted to make money in a savings account then there'd be a record of how much taxable interest you've earned i. e. you can't clam you don't have it.

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  8. #8
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    Yeah, I have heard that the amount you get on winniings more than covers what you would get in interest if it was in a bank, especially at today's paltry interest rates, so it's not that bad an idea at all.

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