The easy answer to that is, it's not really that easy nor straight forward to answer.
Assuming this "adequate monthly income", is current prices rather than pre cost of living because my electric bill cost £22 for 10 days as it is and that's with enforced rationing!
Furthermore, does this then run the risk of being deemed ineligible for further financial top ups with student loans, free school meals, free school bus pass, free dental, prescriptions, vouchers towards glasses, school trust funds, bursaries, council tax and housing benefit support and cost of living payments etc etc?
Ideally I'd like to have enough to pay for our own home, a reliable car, and be able to pay into a pension for when I am old and grey. Least a week's holiday away each year, would be good, plus eating out regularly and able to buy tickets for shows or concerts occasionally or a new wardrobe from time to time and salon appointments.
Obviously it would be helpful to have savings for a rainy day or to leave a lumpsum to my family (something very much frowned upon by the DWP for benefit claimants) when I pass away.
This is all a pipe dream of course.
Without context, and in addition to the financial support we also receive at this time £25,000 to £26,000 would seem reasonable to cover things as they are, without being too greedy.
But then as the saying goes, "Greed is a bottomless pit"....Erich Fromm
Just scrolling through my social media.
Seen a post about pension entitlements for women born in the 60s... It's up for judicial review early June. The current government are highly unlikely to make improvements to the situation. It makes me think how out of touch with the people the current government actually are.
I have no company pension scheme. Not paid enough earnings into the system due to having children to bring up single handedly & Ill-health. I'm facing the strong prospect of serious poverty in old age.
It makes it difficult to want to stay alive. Fear of the future makes a huge impact on my state of mind. Sometimes I just don't want to be here.
While I understand the initiative to enrol each employee into a pension scheme, I want to know why as someone with literally no income I can not withdraw some funds.
Providing evidence and proving that I am struggling and could use the money to catch up on bills - why can't this be an option. I have about £2000 saved in pensions and would only require half if that just to get creditors off my back and pay nursery fees and put fuel in my car. Surely if one can prove they are in dire need they should be able to request some sort of relief?
Would they rather the unemployed become homeless and have their children taken away?
Desperate to find any sort of financial relief and this is proving impossible daily and my bills keep rising...