ISA / bonds / fix rate saver etc

MCFC Wirral said:
I think house prices have shot up a bit more than inflation!
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The problem isn't house prices beating inflation, it's that wages haven't so houses feel a lot more expensive.

Very few people 'buy' a house, they get a mortgage, so a bit like car leases, people end up with more than they can really afford, especially when interest rates were 1 or 2%. Now they're back to closer to a historic average, I suspect house prices won't move for a few years whilst wages catch up
 
bluesince76 said:
The problem isn't house prices beating inflation, it's that wages haven't so houses feel a lot more expensive.

Very few people 'buy' a house, they get a mortgage, so a bit like car leases, people end up with more than they can really afford, especially when interest rates were 1 or 2%. Now they're back to closer to a historic average, I suspect house prices won't move for a few years whilst wages catch up
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I personally find they vary by areas. London easily requires very deep pockets and a substantial deposit. First time buyers trying to find £400,000 northwards is not easy.

Men with trades in their fifties still lived in shares and even above pubs when I was there.
 
MCFC Wirral said:
I personally find they vary by areas. London easily requires very deep pockets and a substantial deposit. First time buyers trying to find £400,000 northwards is not easy.

Men with trades in their fifties still lived in shares and even above pubs when I was there.
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That's London though. Going waaay off topic, but it's what happens when you put so much of the economy in one area. There will be lots of parts of Lancashire, Cumbria, Wales, the North east etc when you can still get a perfectly good terrace for well under £100k. There's lots of bits of Greater Manchester where you can do it for under £150k.

Unless you're getting a six figure salary, I'm not sure why anyone from outside London would move there
 
What's the crack with this 7 year thing then?

If your parents give you POA and then die 7+ years later, are you immune from inheritance tax? The rich don't want normal folk knowing their game.

What's the best fiddle to get out of paying care home fees? Other than giving them a bottle of pills to play with; which is what I've been instructed to do by my mother.
 
denislawsbackheel said:
Then your ignorance is outstanding.
[The care home we would put her in, if she was willing to go, charges just £98K year.
What you think things should cost is irrelevant.
If you want your family to have the best care it will cost an arm and a leg.
Suck it up.]
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Nice edit of your post here too.

The bit you edited after my reply has been put in square brackets, to highlight what type of debater you are.
 
Stockton Heath Blue said:
Most local authorities work on a 6-month period. Anything transferred prior to 6 months tends to be disregarded, but I suspect in practice it will differ from LA to LA. Might be harder in your case now that she's already in care.
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I can tell you that I had a client in the U.K. who was gifted a large sum by their mother and they went back 8 years when it came time for her to be moved into a nursing home.

They may *usually* go back six months but there is no time limit and the person gifting has the onus on them to prove the gift wasn’t to avoid paying fees rather than the local authority proving that it was.
 
denislawsbackheel said:
Bollocks.
I know shit holes that would take people for that but not full on dementia patients with a colostomy bag requiring 24 hour care.
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Finally had a little time to process your bullshit.

You’ve tried to frame me as some kind of cheap skate for moaning about paying £750 a week for my grandma to stay in a “shithole”.

She had a colostomy bag for the last 9 months of her life, changed when necessary by district nurses.

That “shithole” of a care home showed more love and compassion than you ever could.

I visited her every day she was there, when others couldn’t. She never had a day when someone didn’t visit.

You can hide behind you paying £2k a week to keep your family member kept, but you cannot have shown the love and compassion I gave my grandma.

Ultimately, you don’t understand compassion. You understand figures and allow others to look after the rest.
 
CarlosTevez'sEnglishTutor said:
What's the crack with this 7 year thing then?

If your parents give you POA and then die 7+ years later, are you immune from inheritance tax? The rich don't want normal folk knowing their game.

What's the best fiddle to get out of paying care home fees? Other than giving them a bottle of pills to play with; which is what I've been instructed to do by my mother.
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Gifts given are free from IHT if you survive for 7 years.
Nothing to do with POA.
 
SWP's back said:
I can tell you that I had a client in the U.K. who was gifted a large sum by their mother and they went back 8 years when it came time for her to be moved into a nursing home.

They may *usually* go back six months but there is no time limit and the person gifting has the onus on them to prove the gift wasn’t to avoid paying fees rather than the local authority proving that it was.
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Without getting political, it's a joke. We have my wife's parents living with us (83 & 80). One has dementia, the other has had major cancer surgery. It's a joke that the money they have realised from the sale of their house has to go towards social care (if and when that happens) after c.50 years of them paying taxes.
I'm just going to tell my kids to take me to the bottom of the garden and shoot me if that ever becomes a choice I have to make.
 
MCFC Wirral said:
My nan was in a home for a length of time with dementia before she passed away. Three of the girls who’d cared for her took time off to come to her funeral.
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My Grandma’s funeral is next week. I don’t know how many of her careers will come, but a fair few asked me personally to be kept informed of when it would be.

Carers are incredibly compassionate people who form strong bonds with the people they look after.
 
Stockton Heath Blue said:
Without getting political, it's a joke. We have my wife's parents living with us (83 & 80). One has dementia, the other has had major cancer surgery. It's a joke that the money they have realised from the sale of their house has to go towards social care (if and when that happens) after c.50 years of them paying taxes.
I'm just going to tell my kids to take me to the bottom of the garden and shoot me if that ever becomes a choice I have to make.
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I’m in total agreement. Work and save all your life and it’s eaten up. Do fuck all, never work, never save and you’ll be looked after. It’s a disgrace.
 
SWP's back said:
I can tell you that I had a client in the U.K. who was gifted a large sum by their mother and they went back 8 years when it came time for her to be moved into a nursing home.

They may *usually* go back six months but there is no time limit and the person gifting has the onus on them to prove the gift wasn’t to avoid paying fees rather than the local authority proving that it was.
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I think 7 years is the limit if you want to avoid your children getting stung for tax, start giving them their inheritance now. You can gift £3k per annum anyway.
 
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