When you are on benefits how do they expect you to save, sit in use only the minimum of gas and electric, hardly wash, sit around all day in a dressing gown, well all of them will save you money, but you're likely to spend anything you save on other things like food.
In fact you are likely to find it impossible to save any money been on benefits, even if you get PIP, they claim PIP is not counted as a benefit or taken into account when working out benefits but if you put it away for a year you will find yourself in trouble for not declaring it has savings. The highest you can get in PIP, £552.20 over a year is £7178.60 nearly £1200 above the minimum savings limit, IMO the minimum savings limit has been £6,000 for as long as I can remember, if everything went up in line with inflation, each year then this £6,000 would be a lot more.
All the best accounts for savings happen to require sums of money that many people simply don't have, especially if you are on benefits.
They all require sums approaching £1,000 plus except one that requires £500 for a single unemployed person that's 2 months money, nearly, 7 weeks to be exact.
Given that PIP is £552.20 every 4 weeks, that's the maximum, in 8 years it will go up just over £50 given the 1% yearly rise, this cannot continue otherwise those who need a car will, if car prices rise, possibly be pushed into smaller, and smaller cars, until they cannot afford to drive, then the savings start to build up because they are house bound then they suddenly get no benefits at all because of the poxy £16,000 limit.
This seems an interesting article relating to savings:
http://www.rother.gov.uk/CHttpHandler.ashx?id=18018&p=0
All those with money, polititians, seem to have their money in off-shore accounts, says a lot about them doesn't it! Tony Blair seems to have property, UK property, registered abroad, this loophole should be closed and all back taxes should be claimed against them.
Interest rates are at there lowest since1974, so why should they penalise the lowpaid, unemployed, and in some cases pensioners, it is simple because this corrupt government can, they do and we the British public let them get away with it.
In fact you are likely to find it impossible to save any money been on benefits, even if you get PIP, they claim PIP is not counted as a benefit or taken into account when working out benefits but if you put it away for a year you will find yourself in trouble for not declaring it has savings. The highest you can get in PIP, £552.20 over a year is £7178.60 nearly £1200 above the minimum savings limit, IMO the minimum savings limit has been £6,000 for as long as I can remember, if everything went up in line with inflation, each year then this £6,000 would be a lot more.
All the best accounts for savings happen to require sums of money that many people simply don't have, especially if you are on benefits.
They all require sums approaching £1,000 plus except one that requires £500 for a single unemployed person that's 2 months money, nearly, 7 weeks to be exact.
Given that PIP is £552.20 every 4 weeks, that's the maximum, in 8 years it will go up just over £50 given the 1% yearly rise, this cannot continue otherwise those who need a car will, if car prices rise, possibly be pushed into smaller, and smaller cars, until they cannot afford to drive, then the savings start to build up because they are house bound then they suddenly get no benefits at all because of the poxy £16,000 limit.
This seems an interesting article relating to savings:
http://www.rother.gov.uk/CHttpHandler.ashx?id=18018&p=0
All those with money, polititians, seem to have their money in off-shore accounts, says a lot about them doesn't it! Tony Blair seems to have property, UK property, registered abroad, this loophole should be closed and all back taxes should be claimed against them.
Interest rates are at there lowest since1974, so why should they penalise the lowpaid, unemployed, and in some cases pensioners, it is simple because this corrupt government can, they do and we the British public let them get away with it.
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