Quote:
Originally Posted by Neil
There is a big difference on what the minimum you can live on and what you would like to live on.
|
Of course that's quite true.
As was pointed out in another thread, after buying a house, car, holiday, paying off relatived mortgages/debts, there wouldn't be much change left from a million pounds. However in law that is the figure that a person is supposed to be able to live on.
An example.
A lovely chap is diagnosed with an incurable disease.
That chap eventually finds out he is able to claim benefits, because of said illness.
The chap also discovers his private pension will pay him a small weekly sum, because there is presently no cure for his illness.
The benefits paid are adjusted, as the pension is included in the amount the law says he has to live on.
The lovely chap understands this, and thinks it is quite right.