Skipton Lifetime ISA: Deposit up to £4k a year, Govt adds 25% (up to £1k) towards first home or retirement
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Skipton Lifetime ISA: Deposit up to £4k a year, Govt adds 25% (up to £1k) towards first home or retirement

74
Found 1st JunEdited by:"dwattsy21"
This isn't new & has been posted before by bradleycrack over a year ago... and it did go cold. But if you are planning on purchasing your first property in the next few years then I don't think there's any better way to save so I don't know why. There is some really useful info on the moneysavingexpert link below, but basically if you pay in £4k a year, the govt adds £1k as long as it's spent on a first property or retirement funds for over 60s (even if that £4k is right at the ned of hte tax year, so it can be earning interest in other accounts until then). There are more details in the link below and it's not for everyone, and the actual interest rate isn't amazing at 0.75%... but the main thing is the 25% bonus on up to 4k the govt adds.

moneysavingexpert.com/sav…SAs

This is currently the only LIfetime ISA available.
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The only CASH Lifetime ISA available, there's several Stocks and Shares Lifetime ISAs,

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Sleightbuzz1 m ago

Cold


Fair enough. Why do you think that... if there's a better thing to do with your cash when saving for a first property please let me know as I'm in that boat!
This is the only Cash Lifetime ISA provider in the market and therefore offers 0.75% interest. The main benefit on this is:
Deposits made upto £4k in a FInancial Year earn 25% government deposit paid the following month. This allows you to earn interest on the bonus.

THE KEY BENEFIT OVER A HELP 2 BUY ISA- this gives you the gov 25% bonus BEFORE completion of the house purchase, allowing you to add it to a house deposit for the mortgage. The Help 2 Buy ISA only gave you the 25% bonus afterwards, so you still needed to find the money in advance for your deposit then ‘get it back’ after which was a big complaint.

You can also combine with other house purchasers (ie spouses) for combined bonuses.

THERE ARE CAVEATS TO THIS LIFETIME ISA:
- Only for 18-40year olds.
- can only contribute until 50 years old (TBC)
- can ONLY draw the money out for FIRST house purchase OR retirement age. ANY other reason implies a penalty withdrawal fee of 25%.

Therefore you actually LOOSE money (basically the govt recover the bonus they paid and interest). ###This is the incentive to make sure you save the money. ###

You can pay over £4k a year but you won’t earn any more govt bonus. best then to do other methods (High pay current accounts etc).

Also you cannot use the money and govt bonus for a house/retirement until 1 YEAR after opening the account.

Therefore: open the account with £1. Keep £4k in high interest account. Before 5 Apr 19 move and deposit £4k and get the £1k govt bonus too to capitalise on the interest and bonus.
74 Comments
Cold
Sleightbuzz1 m ago

Cold


Fair enough. Why do you think that... if there's a better thing to do with your cash when saving for a first property please let me know as I'm in that boat!
Hot
Iv got one of these transferred from a help to buy, Skipton’s customer service has been really good so far.
dwattsy2126 m ago

Fair enough. Why do you think that... if there's a better thing to do with …Fair enough. Why do you think that... if there's a better thing to do with your cash when saving for a first property please let me know as I'm in that boat!


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Isnt this for every LISA though? Not just this company? Or does this company offer something the other LISA providers don't?
signed up for this last year, and will be hopefully utilizing it next year.

It's a wee bit ridiculous that the government are handing a grand/ two grand to couples weathy enough to have four grand in the bank.
joegidds3 m ago

Isnt this for every LISA though? Not just this company? Or does this …Isnt this for every LISA though? Not just this company? Or does this company offer something the other LISA providers don't?


This would be the case for all cash LISAs, but as far as I'm aware this is the only one currently available for some reason. There are stocks & shares ones but obviously they come with risk
lastjunkie3 m ago

signed up for this last year, and will be hopefully utilizing it next …signed up for this last year, and will be hopefully utilizing it next year.It's a wee bit ridiculous that the government are handing a grand/ two grand to couples weathy enough to have four grand in the bank.



How? There is a housing crisis at the moment 4k wont get you much in the housing market & also I imagine a lot of people will struggle to live on only state pension when they have to be above 70 to get it & wont want to work that long
joegidds5 m ago

Isnt this for every LISA though? Not just this company? Or does this …Isnt this for every LISA though? Not just this company? Or does this company offer something the other LISA providers don't?


As far as I am aware Skipton are the only LISA provider to offer a cash LISA and not a Stocks and Shares LISA
dwattsy214 m ago

This would be the case for all cash LISAs, but as far as I'm aware this is …This would be the case for all cash LISAs, but as far as I'm aware this is the only one currently available for some reason. There are stocks & shares ones but obviously they come with risk



Ahh ok, you should have made that more clear in your post that this was the only CASH lifetime ISA. I can see why it is a bit of a deal now
joegidds3 m ago

How? There is a housing crisis at the moment 4k wont get you much in the …How? There is a housing crisis at the moment 4k wont get you much in the housing market & also I imagine a lot of people will struggle to live on only state pension when they have to be above 70 to get it & wont want to work that long


in addition to other money put aside.

not sure what you're saying with your second sentence.
lastjunkie2 m ago

in addition to other money put aside. not sure what you're saying with …in addition to other money put aside. not sure what you're saying with your second sentence.



the LISA is for pensions aswell as house buyers.


It helps people get on the housing ladder and is only for first time buyers plus you can only put the 4k in over a year so you have to be a regular saver. It benefits the worse off & not the incredibly rich so I don't see the issue helping people out.
Bet the goverment will then say when you are at retiring age you have all this money in your lifetime ISA no pension for you
Sleightbuzz29 m ago

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Interesting gonna look in to this. Have you done it? Much success?
joegidds12 m ago

the LISA is for pensions aswell as house buyers. It helps people get on …the LISA is for pensions aswell as house buyers. It helps people get on the housing ladder and is only for first time buyers plus you can only put the 4k in over a year so you have to be a regular saver. It benefits the worse off & not the incredibly rich so I don't see the issue helping people out.


it's giving those with cash a tax free 25% premium? Only helps those that can afford to put £4k aside, untouched; £8k if you're a couple.

It's a poor use of funds, especially when things are so tight financially.

Unfortunately it's the best option for saving whilst the interest rates are low.
Nice if you've got £4k
ceepeepee12 m ago

Nice if you've got £4k


Isn't 4k the limit? So you get the same % incentive/help if you put aside any amount, not just 4k / year
Much much better than the help to buy. You can add any amount you like (up to £4K) a year in as many instalments as you like. The bonus is also paid each year so you also earn interest on it.
£1000 may not be much when it comes to the total house cost but it’s something and certainly helps!
kieran777771 h, 16 m ago

Why?


No idea (I'm with you), but here's my best guess at why they thought it was the worst deal ever:

Maybe because they calculated the return incorrectly and thought "0.25% return?.....but I have a fixed rate saving account paying that already?!". Maybe because they can only think of in terms of their own situation and not in terms of how this could benefit ANYBODY ELSE. Maybe because they only like deals were the price is more expensive than Amazon's standard price. Maybe they don't expect to live much beyond retirement age. Maybe they have never saved for a single thing in theior lives, so the concept of saving up a fraction of £4000 seems as likely to them as the notion of me becoming a millionaire. Maybe they don't have any spare cash because they got an interest only mortgage, Sky TV, no job and bought a car on PCP (the car industry equivalent of an interest only mortgage). Maybe they are just a bit thick.

Yes you do need to have some money to invest, but it works for £1.....you will get 25% of your contribution back - much better than my lottery wins or Premium Bonds over the last 15 years.
Yes it is for people wanting to buy their FIRST home or for RETIREMENT (that's BLOODY EVERYBODY!!!!)

Last year I saved £4000 and got £1000 paid in as a top up, plus interest. I didn't believe it would happen until Skipton emailed me to say I'd recieved it. I'll be investing this year too, but probably not as much as £4000 because as a Public Sector worker, I've only had a 1% pay rise over the last 6 years.
robertoegg15 m ago

Isn't 4k the limit? So you get the same % incentive/help if you put aside …Isn't 4k the limit? So you get the same % incentive/help if you put aside any amount, not just 4k / year



Yes e.g. put in £1k get £250 bonus. 25% of whatever you have saved.
This is the only Cash Lifetime ISA provider in the market and therefore offers 0.75% interest. The main benefit on this is:
Deposits made upto £4k in a FInancial Year earn 25% government deposit paid the following month. This allows you to earn interest on the bonus.

THE KEY BENEFIT OVER A HELP 2 BUY ISA- this gives you the gov 25% bonus BEFORE completion of the house purchase, allowing you to add it to a house deposit for the mortgage. The Help 2 Buy ISA only gave you the 25% bonus afterwards, so you still needed to find the money in advance for your deposit then ‘get it back’ after which was a big complaint.

You can also combine with other house purchasers (ie spouses) for combined bonuses.

THERE ARE CAVEATS TO THIS LIFETIME ISA:
- Only for 18-40year olds.
- can only contribute until 50 years old (TBC)
- can ONLY draw the money out for FIRST house purchase OR retirement age. ANY other reason implies a penalty withdrawal fee of 25%.

Therefore you actually LOOSE money (basically the govt recover the bonus they paid and interest). ###This is the incentive to make sure you save the money. ###

You can pay over £4k a year but you won’t earn any more govt bonus. best then to do other methods (High pay current accounts etc).

Also you cannot use the money and govt bonus for a house/retirement until 1 YEAR after opening the account.

Therefore: open the account with £1. Keep £4k in high interest account. Before 5 Apr 19 move and deposit £4k and get the £1k govt bonus too to capitalise on the interest and bonus.
This is good if you're a first time buyer and don't intend to purchase in the next 12 months.

The Skipton account isn't so good as a pension provision, as you should really be investing in the stock market if it's going to be locked away for 20+ years (the difference between the maximum age you can pay into a LISA (40) and the earliest you can access it without penalty (60)).

Note that the bonus equates to the same as (or less then, if you're a higher/additional rate taxpayer) the tax relief you would receive for making a pension contribution, although the LISA can be accessed tax-free from age 60 rather than a pension at your marginal rate of income tax from age 55.
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deleted1546165
I'm saving for my first property, took out a Lifetime ISA last September. I just received this financial year's bonus, so that's me got an extra 2 grand off the Government in total so far.

No brainer really.
Edited by: "deleted1546165" 1st Jun
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deleted1546165
joegidds1 h, 45 m ago

Isnt this for every LISA though? Not just this company? Or does this …Isnt this for every LISA though? Not just this company? Or does this company offer something the other LISA providers don't?


AFAIK, they're the only company offering cash only Lifetime ISAs, all the other providers only offer stocks and share versions. And most of the big banks haven't bothered to offer them at all, because they think they're "too complex" for consumers, which probably says more about what they think about their customers than anything else.
Edited by: "deleted1546165" 1st Jun
lastjunkie1 h, 46 m ago

signed up for this last year, and will be hopefully utilizing it next …signed up for this last year, and will be hopefully utilizing it next year.It's a wee bit ridiculous that the government are handing a grand/ two grand to couples weathy enough to have four grand in the bank.


Save hard, spend little, I’ve had part time income for years and bank £200 a month savings because I play hard on any purchasing, learn to cook and freeze rather than buy even one convenience meal a week is a massive saver, as are promotions ie.. if (example) mouthwash is half price (or less) at £2 spend a tenner on it for a two+ month supply, always raid the reduced to clear section and always compare prices online via your phone on impulse buys.

I do agree though there should be capping for X income, it should support housebuyers but not those frivolous with good wages that squander it on non essiential living, that’s as bad as giving anyone with any addiction problem/s (including shopping) Child Tax Credits to sustain that unaffordable lifestyle via gov funds.

Really it’s 5% for most tax payers on average. For me it’s 25% and for those getting CTC and HB and a wage it’s a outstanding percentage of some kind, not that most use it to their that % advantage with HTB/LISA, that’s their stupidity - free money for more free money for 5 years is a great deposit, go full time and get a mortgage straight away and you can get out poverty entrapment and work yourself richer in more ways than cash (but always be a tight ass regardless of income).
lastjunkie1 h, 26 m ago

it's giving those with cash a tax free 25% premium? Only helps those that …it's giving those with cash a tax free 25% premium? Only helps those that can afford to put £4k aside, untouched; £8k if you're a couple.It's a poor use of funds, especially when things are so tight financially.Unfortunately it's the best option for saving whilst the interest rates are low.



If you can’t afford to put 4K aside how can you afford a house?
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deleted1546165
akajay0728 m ago

This is good if you're a first time buyer and don't intend to purchase in …This is good if you're a first time buyer and don't intend to purchase in the next 12 months.The Skipton account isn't so good as a pension provision, as you should really be investing in the stock market if it's going to be locked away for 20+ years (the difference between the maximum age you can pay into a LISA (40) and the earliest you can access it without penalty (60)). Note that the bonus equates to the same as (or less then, if you're a higher/additional rate taxpayer) the tax relief you would receive for making a pension contribution, although the LISA can be accessed tax-free from age 60 rather than a pension at your marginal rate of income tax from age 55.


You get the bonus paid each year upto the age of 50, not 40. You have to be under 40 to take out a Lifetime ISA though.

But your main point is correct, the LISA isn't a good option if its being used instead of a pension, for most people, most of the time.
Sleightbuzz2 h, 7 m ago

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playing on what game?
seaniboy22 m ago

Save hard, spend little, I’ve had part time income for years and bank £200 …Save hard, spend little, I’ve had part time income for years and bank £200 a month savings because I play hard on any purchasing, learn to cook and freeze rather than buy even one convenience meal a week is a massive saver, as are promotions ie.. if (example) mouthwash is half price (or less) at £2 spend a tenner on it for a two+ month supply, always raid the reduced to clear section and always compare prices online via your phone on impulse buys. I do agree though there should be capping for X income, it should support housebuyers but not those frivolous with good wages that squander it on non essiential living, that’s as bad as giving anyone with any addiction problem/s (including shopping) Child Tax Credits to sustain that unaffordable lifestyle via gov funds. Really it’s 5% for most tax payers on average. For me it’s 25% and for those getting CTC and HB and a wage it’s a outstanding percentage of some kind, not that most use it to their that % advantage with HTB/LISA, that’s their stupidity - free money for more free money for 5 years is a great deposit, go full time and get a mortgage straight away and you can get out poverty entrapment and work yourself richer in more ways than cash (but always be a tight ass regardless of income).


that's £2400 a year?

as for the rest of your post; what do you want? a reward? you're on a bargains website: 90% of the folk on here live like your description.

no mention of rent though, weirdly? or your salary? or any dependents?

your method out of poverty simply isn't realistic: most folk aren't sitting on a pile of savings, or have much in the way disposable income.

This money goes straight from Government into the pockets of developers, house builders and property owners: it's a net transfer of cash from the state to the private sector.

The easier solution is simply to build more good quality council houses.
joegidds22 m ago

If you can’t afford to put 4K aside how can you afford a house?


"If you don't have money, how can you buy a house" - that's exactly the problem!

why should the government be actively supporting those wealthy enough to save this cash? it's fiscally boneheaded.
I've got a MoneyBox S&S ISA, and am currently on the "medium" risk, and don't plan to buy for at least 2-3 years. I transferred my HTB ISA w/ 5k in it, and then another 3k last year. So far it's given me about £400 (5%) positive, as well as the £2000 bonus. Obviously, the interest rate will be ironed out. If you can, stick it in an S&S instead, put it in a low risk, and you'll at least get 1-2% higher than this paltry amount.
Note:
- You need to hold the account for at least 1 year before you can use it properly (as in claim the 25% bonus)
- This is not the "only Lifetime ISA available", it's the only cash one yes, but there's several Stocks and Shares ones, worth looking into if it suits your needs
lastjunkie2 h, 16 m ago

that's £2400 a year?as for the rest of your post; what do you want? a …that's £2400 a year?as for the rest of your post; what do you want? a reward? you're on a bargains website: 90% of the folk on here live like your description.no mention of rent though, weirdly? or your salary? or any dependents?your method out of poverty simply isn't realistic: most folk aren't sitting on a pile of savings, or have much in the way disposable income.This money goes straight from Government into the pockets of developers, house builders and property owners: it's a net transfer of cash from the state to the private sector.The easier solution is simply to build more good quality council houses.


No it’s not £2400 a year - it’s over a 1/3rd of my annual income banked, priceless.

Reward ? No my reward is a troll mentality reply when I said it could be done and the response is your exact response because I succeed where you obviously fail. Willpower is my reward.

Most people don’t make a pile of cash banked, well they do - for company shareholders not self.

The fantasy solution is to wait for 2 parties in 50 years whom haven’t built social housing stock online with even the baby boom of Child Tax Credit 16 year olds they knew for 16 years were coming for housing, I’ll stick with banking a third of my income as I know I can depend on me not some silly political party/ies.


Regardless of income, people need to sacrifice a part of their non essential life to buy a property (and always have), just like world war 2 brits done without for the greater good, apply that to a mortgage deposit mentality and you are 100% of the way there and before you know it the war is over.

If if you think banking a large part of your Child Tax Credits to get a 25% bonus for 3/5 years whilst housing benefit/council tax is almost full benefit and living off your part time wage, and child benefit and a little CTC then you are exactly the type the generation that came through WW2 keep voting against in elections (and winning), they never had it so easy - CTC & minimum wage would have been like a win on the pools for them for a minimum of 16 years.
Edited by: "seaniboy" 1st Jun
Gentatsu2 h, 39 m ago

I've got a MoneyBox S&S ISA, and am currently on the "medium" risk, and …I've got a MoneyBox S&S ISA, and am currently on the "medium" risk, and don't plan to buy for at least 2-3 years. I transferred my HTB ISA w/ 5k in it, and then another 3k last year. So far it's given me about £400 (5%) positive, as well as the £2000 bonus. Obviously, the interest rate will be ironed out. If you can, stick it in an S&S instead, put it in a low risk, and you'll at least get 1-2% higher than this paltry amount.


For me the old Halifax 3.5% HTB rate i have is a safer bet than no profit, the 25% to me is the real profit working part time - the 3.5% is just a Brucey bonus

I was going to transfer Hali HTB to my S LiSA for the end of 17/18 Tax year but having spent 7 months sick and off work the house purchase will need to wait another year so the 3.5% adds to the final fund, frustrating... but 3 years ago I had £0 savings for a mortgage deposit so all progress is good progress at the end of the day - even if delayed somewhat transferring to LiSA (deposit upfront)/buying...then I won’t be penalised anywhere the gov can for doing overtime when I can

Everyone circumstances are different and you have to look deep into everything for buying a home, there is no quick slap way that financially rewards you the best way you can just by following anyone’s situation/example.

Like me - For a single person working part time on basic wage because of health reasons limits people - if you let it, or find light and strength in adversity and make the best you can, delve deep and sort it and three years later you will have a deposit. I have my annual income currently in a HTB. It’s all feasible to be done.

You obviously can Bank more than £200 HTB limit monthly so a LiSA is certainly the right move for your situation

For me the 3.5% beats a low S&S 1-2% low risk with less than £200 a month to invest, if I could even 2.5K a year I would be doing a straight to LiSA because the 25% bonus outweighs any financial providers interest rate, I can’t though I’m already over sacrificed at £200pm to Halifax, really it’s a short term struggle I swallow for the long term gain out of Housing Benefit poverty entrapment in my own situation, any overtime I do goes straight to rent so I don’t do it even when health permits.

Halifax HTB is currently 2.25% so if you can’t bank more than £200 a month then it’s the lowest risk or Barclays HTB iSA 2.53% or Nationwide 2% and you can mix HTB Stock & Shares iSA and cash iSA at Nationwide directly with one provider.

As i as I said if you work part time HTB iSA is the better rate but if you don’t pay tax part time and can bank 4K a year (living with parents?) working part time go LiSA.

If you are a single parent working part time bank £200 child maintenance a month in a HTB or 2.4K+ in a LiSA - topup by the Child Maintenance with Child Tax Credits/Child Allowance, rent is poverty these days and when you mortgage you can pay all your other debts off with the right mortgage/property and live financially sound in cash - debts don’t have to be cleared to get a mortgage and that’s a misconception those least educated in finance know, but if you can take a few thousand of debt and then pay it over the mortgage period you are home and dry to work your ass off when kids are at school and not be dependent on credit agreements but savings for anything that crops up.

Financial education in schools is non existent in this country and that’s most the problem, basic maths isn’t what financial education planning is, it’s a basic starting point.
Edited by: "seaniboy" 1st Jun
lastjunkie3 h, 21 m ago

"If you don't have money, how can you buy a house" - that's exactly the …"If you don't have money, how can you buy a house" - that's exactly the problem!why should the government be actively supporting those wealthy enough to save this cash? it's fiscally boneheaded.


I’m not wealthy, I’m actually in food & fuel poverty - BUT I am frugally a millionaire, thus I bank £200 monthly off a pittance of untaxed part time income. It’s hard work but hard work pays off...whilst most people I know will be stuck working/DWP benefits (of some kind) with Housing Benefit poverty entrapment (excludes single parents obviously) I dug deep and made a diamond from the pressure, not got luck and found a diamond digging.

You you have to find the mentality to get that full 25% bonus.

I’m registered disabled but I don’t claim DLA/PiP, even when off sick on ESA Support (claims linking) I bank my £200 - I will not allow Labour and Tories to force me into poverty long term with Housing Benefit - it’s more restrictive to (overtime) employment than anything - unless you are a single parent with Child Tax Credits which then it really doesn’t affect you.

Its all possible but it’s all sacrifice, bye luxurious.

I’ve bought myself iPhones, iPads, TVs on 0% credit whilst banking £200 a month to HTB iSA, I’ve bought cheap cheap cheap as needed not want, I gave up smoking and the bi monthly night out, I eat food not processed crap.

It is all possible with the right mainset - mine ? I refuse to be trapped by Housing Benefit poverty entrapment for the rest of my life because I have a work restrictive disability.

Those who can, do can, even off a part time income.

a “Bonehead” is not knuckling down and making it happen and being trapped by rent/overtime restrictions costs all your adult life.


PS) that’s me off to Tesco to get loads of 35p peaches for hunger/energy boosts and find the yellow stickers to get me through the weekend #WiNNING
Edited by: "seaniboy" 1st Jun
seaniboy58 m ago

I’m not wealthy, I’m actually in food & fuel poverty - BUT I am frugally a …I’m not wealthy, I’m actually in food & fuel poverty - BUT I am frugally a millionaire, thus I bank £200 monthly off a pittance of untaxed part time income. It’s hard work but hard work pays off...whilst most people I know will be stuck working/DWP benefits (of some kind) with Housing Benefit poverty entrapment (excludes single parents obviously) I dug deep and made a diamond from the pressure, not got luck and found a diamond digging. You you have to find the mentality to get that full 25% bonus. I’m registered disabled but I don’t claim DLA/PiP, even when off sick on ESA Support (claims linking) I bank my £200 - I will not allow Labour and Tories to force me into poverty long term with Housing Benefit - it’s more restrictive to (overtime) employment than anything - unless you are a single parent with Child Tax Credits which then it really doesn’t affect you. Its all possible but it’s all sacrifice, bye luxurious. I’ve bought myself iPhones, iPads, TVs on 0% credit whilst banking £200 a month to HTB iSA, I’ve bought cheap cheap cheap as needed not want, I gave up smoking and the bi monthly night out, I eat food not processed crap. It is all possible with the right mainset - mine ? I refuse to be trapped by Housing Benefit poverty entrapment for the rest of my life because I have a work restrictive disability. Those who can, do can, even off a part time income. a “Bonehead” is not knuckling down and making it happen and being trapped by rent/overtime restrictions costs all your adult life.



seaniboy58 m ago

I’m not wealthy, I’m actually in food & fuel poverty - BUT I am frugally a …I’m not wealthy, I’m actually in food & fuel poverty - BUT I am frugally a millionaire, thus I bank £200 monthly off a pittance of untaxed part time income. It’s hard work but hard work pays off...whilst most people I know will be stuck working/DWP benefits (of some kind) with Housing Benefit poverty entrapment (excludes single parents obviously) I dug deep and made a diamond from the pressure, not got luck and found a diamond digging. You you have to find the mentality to get that full 25% bonus. I’m registered disabled but I don’t claim DLA/PiP, even when off sick on ESA Support (claims linking) I bank my £200 - I will not allow Labour and Tories to force me into poverty long term with Housing Benefit - it’s more restrictive to (overtime) employment than anything - unless you are a single parent with Child Tax Credits which then it really doesn’t affect you. Its all possible but it’s all sacrifice, bye luxurious. I’ve bought myself iPhones, iPads, TVs on 0% credit whilst banking £200 a month to HTB iSA, I’ve bought cheap cheap cheap as needed not want, I gave up smoking and the bi monthly night out, I eat food not processed crap. It is all possible with the right mainset - mine ? I refuse to be trapped by Housing Benefit poverty entrapment for the rest of my life because I have a work restrictive disability. Those who can, do can, even off a part time income. a “Bonehead” is not knuckling down and making it happen and being trapped by rent/overtime restrictions costs all your adult life.


Fri dinner to Monday lunch 33898211-opXiE.jpg
All fresh and allergen/preservatives (etc) free... (£)10.66 the battle of HUKD...
and the great battle of Housing Benefit poverty entrapment removal 2018 33898211-otxCg.jpg
Now the hard part... walk home a mile with a ton of stuff (waste of £1.50 on a bus!)
seaniboy58 m ago

I’m not wealthy, I’m actually in food & fuel poverty - BUT I am frugally a …I’m not wealthy, I’m actually in food & fuel poverty - BUT I am frugally a millionaire, thus I bank £200 monthly off a pittance of untaxed part time income. It’s hard work but hard work pays off...whilst most people I know will be stuck working/DWP benefits (of some kind) with Housing Benefit poverty entrapment (excludes single parents obviously) I dug deep and made a diamond from the pressure, not got luck and found a diamond digging. You you have to find the mentality to get that full 25% bonus. I’m registered disabled but I don’t claim DLA/PiP, even when off sick on ESA Support (claims linking) I bank my £200 - I will not allow Labour and Tories to force me into poverty long term with Housing Benefit - it’s more restrictive to (overtime) employment than anything - unless you are a single parent with Child Tax Credits which then it really doesn’t affect you. Its all possible but it’s all sacrifice, bye luxurious. I’ve bought myself iPhones, iPads, TVs on 0% credit whilst banking £200 a month to HTB iSA, I’ve bought cheap cheap cheap as needed not want, I gave up smoking and the bi monthly night out, I eat food not processed crap. It is all possible with the right mainset - mine ? I refuse to be trapped by Housing Benefit poverty entrapment for the rest of my life because I have a work restrictive disability. Those who can, do can, even off a part time income. a “Bonehead” is not knuckling down and making it happen and being trapped by rent/overtime restrictions costs all your adult life.



seaniboy58 m ago

I’m not wealthy, I’m actually in food & fuel poverty - BUT I am frugally a …I’m not wealthy, I’m actually in food & fuel poverty - BUT I am frugally a millionaire, thus I bank £200 monthly off a pittance of untaxed part time income. It’s hard work but hard work pays off...whilst most people I know will be stuck working/DWP benefits (of some kind) with Housing Benefit poverty entrapment (excludes single parents obviously) I dug deep and made a diamond from the pressure, not got luck and found a diamond digging. You you have to find the mentality to get that full 25% bonus. I’m registered disabled but I don’t claim DLA/PiP, even when off sick on ESA Support (claims linking) I bank my £200 - I will not allow Labour and Tories to force me into poverty long term with Housing Benefit - it’s more restrictive to (overtime) employment than anything - unless you are a single parent with Child Tax Credits which then it really doesn’t affect you. Its all possible but it’s all sacrifice, bye luxurious. I’ve bought myself iPhones, iPads, TVs on 0% credit whilst banking £200 a month to HTB iSA, I’ve bought cheap cheap cheap as needed not want, I gave up smoking and the bi monthly night out, I eat food not processed crap. It is all possible with the right mainset - mine ? I refuse to be trapped by Housing Benefit poverty entrapment for the rest of my life because I have a work restrictive disability. Those who can, do can, even off a part time income. a “Bonehead” is not knuckling down and making it happen and being trapped by rent/overtime restrictions costs all your adult life.


Fri dinner to Monday lunch 33898212-opXiE.jpg
All fresh and allergen/preservatives (etc) free... (£)10.66 the battle of HUKD...
and the great battle of Housing Benefit poverty entrapment removal 2018 33898212-otxCg.jpg
Now the hard part... walk home a mile with a ton of stuff (waste of £1.50 on a bus!)
seaniboy1 h, 13 m ago

Fri dinner to Monday lunch [Image] All fresh and allergen/preservatives …Fri dinner to Monday lunch [Image] All fresh and allergen/preservatives (etc) free... (£)10.66 the battle of HUKD...and the great battle of Housing Benefit poverty entrapment removal 2018 [Image] Now the hard part... walk home a mile with a ton of stuff (waste of £1.50 on a bus!)


Home! Knackered



^purchase/retail/cost:-


Wicked micro meal £4 - £1

Chorizo/chicken kebab(2) £8 - 2

Chickfajita salad(2)£2.50 - 24p

Can ruby grapefruit(2) - £1.08

Can peaches (4) - £1.40

Shredded iceberg(2) £1.58 - 8p

Beetroot salad £1.30 - 6p

Carr/coriander soup £1.50 - 38p

Hummus £1.50 - 8p

Chicken snackpots(3) £3 - 15p

Deli turkey £3.42 - 86p

Scots topside beef £4.55 - £1

Deli Turkey £3.32 - 83p

Scots topside beef £2.19 - 55p

Scots med rare beef £1.48 - 37p

Cauliflower £2 - 10p

Rice Noodles £1.25 - 6p

Butternut Squash £1.50 - 8p

£40.75 - £10.66 = £30.09 SAVINGS!!!!

PS) Coke Zero ain’t mine in pics^


Friday night is Prime Video (£3.99 a month) FREE - £1 Wicked Kitchen (it is!) curried cauliflower, onion bhaji & coconut rice, served with 12p chicken salad Friday night treat - 8p hummus and half a bag of Tesco value tortillas 23p - £1.43 total for Friday night so how much is your takeaway/drinks costing you ?


^That is how you save for a HTB on minimum untaxed income and get the full 25% as a non tax payer I eat the healthiest I have ever for the cheapest I have ever

Basically... man up! Stop moaning in a forum and focus that anger into channeling savings for a property deposit




Off to do some cooking and freezing
Edited by: "seaniboy" 1st Jun
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