Poll: Poll: Prime Minister Theresa May calls General Election on June 8th

Who will you vote for?

  • Conservatives

  • Labour

  • Lib Dem

  • UKIP

  • Other (please state)

  • I won't be voting

Results are only viewable after voting.
Status
Not open for further replies.
Uther said:
Do you think they will let every house owner suddenly transfer the house to their children? Every house owner in the country has just been bent over by May. I'm shocked this isn't one of Corbyns plans tbh, and if it was, there would certainly be some hate for it in the press, and in here.
Click to expand...
Whether it be house deeds or cash capital; you honestly believe these types of transactions are atypical?
Greebo said:
I suspect that if your were to gift your house to your children when your 50 and then need care when you are 80, you wouldn't get pursued. Of course you have to trust your children not to kick you out and out you in a care home.
Click to expand...
I suspect these types of transactions occur quite a bit; without the latter.
 
Uther said:
I'm 52 years old, I'm settled down already. I worked nights for 20 years, and have never been on the dole. I also live in a HA house. A nation of 'aspirers'. lol
Click to expand...

Do you have children? Your posts make me suspect that you don't, so apologies if that isn't the case.

I don't think you'd be happy renting with kids, as it adds a whole new level of uncertainty when dealing with landlords. Add in the fact you could be given a months notice at any point in time and that is not a pleasant situation to be in when trying to provide a stable environment for your family.

You're also in the more privileged position of having a HA home and all the benefits that come with it. The majority of renters don't have that comfort blanket.
 
darkgen said:
Whether it be house deeds or cash capital; you honestly believe these types of transactions are atypical?

I suspect these types of transactions occur quite a bit; without the latter.
Click to expand...

It's something I am just doing with my parents now (as actually I am paying off the remainder of their mortgage) and believe me, it's not as straightforward as you might think.....to the degree that we aren't even transferring the whole house to me because it would be obviously classed as a 'gift' for the social care issue - and it also causes problems with second home issues and stamp duty/future capital gains

Because the other side of it is, ok, they gift me the house, which they are entitled to do....but, if they then live in it without paying current market rental rates to me, then it's classed as reservation of benefit, and it still counts as their asset - like I said, they aren't daft :p

Oh and as for the kids kicking the parents out, that happens more than you would think as well, money makes people do odd things...
 
Hellsmk2 said:
Do you have children? Your posts make me suspect that you don't, so apologies if that isn't the case.

I don't think you'd be happy renting with kids, as it adds a whole new level of uncertainty when dealing with landlords. Add in the fact you could be given a months notice at any point in time and that is not a pleasant situation to be in when trying to provide a stable environment for your family.

You're also in the more privileged position of having a HA home and all the benefits that come with it. The majority of renters don't have that comfort blanket.
Click to expand...
Luckily grown up, and making their own way in the world. We looked into buying last year, as it's easy in this country to get sucked in to buying for 'security' but, as today's announcement has shown, it counts for nothing when the government can just come and take what you've paid all your life for.
 
darkgen said:
I'm aware of the principle. However, I was under the impression it would only be pursued by Local Authorities where there was evidence capital was being deliberately gifted or transferred to others in order to qualify for state-aid and/or where it was inside a qualifying time period between capital being transferred and need for state-aid.
Click to expand...


There is no time period. They can look into anything at anytime.

Obviously if your parents gift you a house in their 40s rather than their 70s a month before they go into a care home it probably wouldn't get looked at.
 
nkata said:
It is a clever proposal. It ensures that the older population pay for their social care in larger numbers whether in or out of residential care. It removes some of the burden from the working population and still ensures that some wealth can be passed down.

It is much better than saying we will rise taxes and spend more on social care. It provides some assurance for expansion of social care into peoples homes.

I am 64 years old so I would be one of the ''turkeys' voting for this as well as the removal of the triple lock and universal winter fuel benefit. There are more important issues.
Click to expand...

indeed - social care costs are only going to increase and budgets are already under strain, I really don't see what is so unfair about asking people with substantial assets to pay for the care they need

certainly more realistic than labours general ideology of yet more debt and some dubious tax rises that won't raise anything like their projections
 
Azza said:
There is no time period. They can look into anything at anytime.

Obviously if your parents gift you a house in their 40s rather than their 70s a month before they go into a care home it probably wouldn't get looked at.
Click to expand...

Yea, but if they aren't paying market rental rates then it's still classed as a reservation of benefit and classed as their asset
 
It's funny really, it'll just muck up the next generation even more when they can't get any money from the sale of their parents houses.

That's the generation that's already going to struggle with silly house prices and stagnant wages.
 
Tunney said:
Conservative minister says that
under-25s don't deserve the national living wage because they're not productive enough.

I hope this is the kick up the arse that young people need to vote. If you're doing a job that only pays minimum wage, you'd hope that you wouldn't need years and years of experience to do it productively.
Click to expand...
Well that's from October 2015 but I doubt he's changed his mind. Looks like they've already abandoned the pledge to raise the NLW to £9 an hour by 2020. The party for workers and strivers' lol
 
dowie said:
indeed - social care costs are only going to increase and budgets are already under strain, I really don't see what is so unfair about asking people with substantial assets to pay for the care they need

certainly more realistic than labours general ideology of yet more debt and some dubious tax rises that won't raise anything like their projections
Click to expand...
Personally I wouldn't call 100k in assets substational. I'm only on 20k per year and have just completed on a hone 1 month ago.

What I get after tax isn't much.... Just over 1200 a month. Bought the house for 94k but once I redecorate and wait x number of years it will be worth over 100k. (current properties on the street are 115k)

I'm unlikely to have kids as I prefer a hot dog over a taco... So to me its starting to sound like it would be more beneficial to not own and get free social care.
 
dalehitchy1 said:
Personally I wouldn't call 100k in assets substational. I'm only on 20k per year and have just completed on a hone 1 month ago.

What I get after tax isn't much.... Just over 1200 a month. Bought the house for 94k but once I redecorate and wait x number of years it will be worth over 100k. (current properties on the street are 115k)

I'm unlikely to have kids as I prefer a hot dog over a taco... So to me its starting to sound like it would be more beneficial to not own and get free health care.
Click to expand...

It is over £100k and yes compared to plenty of younger tax payers it is rather substantial - someone has to pay for that care so why shouldn't a person with large assets cover it?
 
VincentHanna said:
It's funny really, it'll just muck up the next generation even more when they can't get any money from the sale of their parents houses.

That's the generation that's already going to struggle with silly house prices and stagnant wages.
Click to expand...

thats us scewed again then

large university fees
massive deposits needed to buy crazy priced houses
stagnent wages
later retirement
rubbish pensions
now no inheritances

"this deal is getting worse all the time!"

also like this "the Conservatives' manifesto under Theresa May is a departure from the Cameron years.Some people will no longer be "shielded" from the full effects of austerity, including pensioners"

so instead of - the plane is crashing! - most of you will die!
its now - the plane is crashing! - all of you are going to die! (much fairer :p)
 
Tunney said:
Conservative minister says that
under-25s don't deserve the national living wage because they're not productive enough.

I hope this is the kick up the arse that young people need to vote. If you're doing a job that only pays minimum wage, you'd hope that you wouldn't need years and years of experience to do it productively.
Click to expand...

Have you seen the sort of job these young people do? They can't even stack the tins on the shelves properly so the labels are all nicely lined up and they never salute you or tug their forelock in a respectful manner. What they need is a good war to sort them out.
 
dowie said:
It is over £100k and yes compared to plenty of younger tax payers it is rather substantial - someone has to pay for that care so why shouldn't a person with large assets cover it?
Click to expand...

But I still wouldn't call this large. I had the option of renting at £550 pm or a mortgage at £390. I needed to cut costs as I'm not earning a substational amount. I havnt even started a pension fund yet as I couldn't afford and busy saving for a deposit.

Now that I would have to pay for social care with what little I have.... Well I now feel i shouldn't have bought.
 
Status
Not open for further replies.
Back
Top Bottom