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Martin Lewis has highlighted the downsides of a Lifetime ISA including a 25 per cent 'penalty' for taking the money out - and for anyone buying a house under £450,000. These products are only available to people between the ages of 18 and 40 and offer some of the same benefits as normal ISAs such as a stock and shares or cash options and the tax-efficiency aspect.
Martin Lewis, the Money Saving Expert founder, has shared a savvy tip for pocketing £175 of free cash in time for the festive period. If you switch your current account to First Direct's 1 Account, you could be in for some extra Christmas cheer, he says.
Martin Lewis has issued a new warning for motorists who could be owed £1,000s. In the latest edition of the Money Saving Expert newsletter, he highlighted that people who purchased a vehicle on finance may be able to make a claim if they were hit by hidden Discretionary Commission Arrangements (DCA). Firms used DCA's to increase interest rates while the customer was made unaware, thus paying more than they may have otherwise.
Carol Vorderman has called on Sir Keir Starmer to apologise for the 'astonishing' decision to cut winter fuel payments for pensioners. The presenter branded the Labour government's determination to pursue the cut as 'unbelievable'.
Martin Lewis has called Labour’s plans to cut winter fuel payments “unnecessarily punitive” for the poorest pensioners in the UK. The founder of Money Saving Expert expressed serious concerns over the proposed changes when speaking on Times Radio.
There are thought to be around 880,000 older Brits claiming their pension who are missing out on a simple cash boost that can be worth as much as £3900 every year. Called Pension Credit, this historically under-claimed Department for Work and Pensions (DWP) benefit has seen the number of claimants explode in recent weeks.
Getting away on a holiday abroad is something to really look forward to for many of us. Whether you’re in search of better weather, beautiful locations, new culture or fun activities, you might want to venture outside the UK to find it.
The new Labour Department for Work and Pensions (DWP) under Liz Kendall MP appears to be pushing ahead with a Conservative-era shake-up of the Universal Credit migration system, which is set to save the government around £5 billion in benefit payments. The policy is set to take effect this month, with thousands of legacy benefit claimants due a letter in the post.