Money Box

About the podcast Money Box

The latest news from the world of personal finance plus advice for those trying to make the most of their money.

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2022
Care Leaver Finances
Felicity Hannah is joined by care leavers and experts to discuss Carer Leaver finances.
January 12, 2022
31 min
Pensions for teenagers?
Automatic pensions are suggested for 18-21-year olds, the best ways to invest your money in 2022, the tax implications of cash inducements - and the rise and fall of cheques. There is growing support to reduce the age at which auto-enrolment pensions start. Currently, the limit is 22 years old, leaving younger people missing several years of contributions. We look at what those extra years could mean in terms of financial support for later in life. 2021 was a good year for investors with the FTSE 100. It recovered from a 14.3% fall in 2020 by rising…14.3%. It was the best year for the UK stock market since 2016. But with inflation on the rise, what are the best options for people with some cash to invest in 2022? We get advice from two experts. What are the tax implications of all those cash offers and incentives customers get to switch things like bank accounts? Does HMRC even have to know? We answer one listener’s question about just that. And when did you last write a cheque? A generation ago they were a common means of payment. Even ten years ago they were still used regularly. But with the introduction of internet banking and instant online transfers and payments their use has plummeted. Last year cheques accounted for fewer than one in three hundred payments made in the UK — just 135 million out of a total of 40 billion transactions. So what does the future hold for those small bits of paper? Presenter: Paul Lewis Reporter: Chris Flynn Producer: Dan Whitworth Researcher: Drew Miller-Hyndman Editor: Emma Rippon Studio Manager: Antonio Fernandes Production Coordinator: Janet Staples Email moneybox@bbc.co.uk or tweet @Moneybox with questions for the team.
January 8, 2022
25 min
Consumer Rights
Pyjamas and jumpers are the most unwanted gifts we receive and in the post-Christmas period about 10% of us return at least one gift to the shops. Since we spend about £80 billion over Christmas each year returning even a fraction of that involves a huge amount of money, both for shoppers and the shops. Adam Shaw and guests explore what are our consumer rights. What you can and can’t return? What you need to prove the purchase was made and where a bit of post-Christmas goodwill might help you get a refund and exchange Joining Adam are experts Jemma Cox from Welsh Trading Standards, Martyn James from the free resolution service Resolver, and Andrew Goodacre, CEO of BIRA, which is the leading trade association for independent retailers in the UK. And they hear from shop owners and customers about their experiences. Producer Smita Patel Editor Emma Rippon
January 6, 2022
26 min
How to Make Money from Unwanted Presents and Belongings
Felicity Hannah and guests discuss how to make money from unwanted presents and belongings. And they hear from listeners who sell on, re-gift and rent out.
January 1, 2022
25 min
2021
Relationships and Money
How we manage financial relationships with the people we care about. whether it be sharing money, lending it or simply having a different view about money from your partner, it can lead to friction or arguments with those closest to us. Felicity Hannah is joined in the studio with Dee Holmes, a counselor from the relationship charity Relate and Julie Flynn, an independent financial advisor & certified financial coach, as well as listeners Mohammed, Ollie, Sarwar and Sally who share their experiences. Producer Smita Patel Editor Emma Rippon
December 29, 2021
28 min
Tracing lost and forgotten financial assets
You could get the best Christmas present this year, cash you thought you had lost forever! Louise Cooper and guests discuss how to trace financial assets you may have forgotten about in old bank accounts, pensions, investments and perhaps insurance polices. Joining Louise Cooper to discuss how to locate your share of an estimated £50 billion languishing unloved and unclaimed in various places are: Kaya Merchant, Pensions Specialist at MoneyHelper Carol Knight, Chief of Operations at The Investing and Saving Alliance Janet Reid, Head of the Lost Accounts Project at Cambridge Building Society Producer Smita Patel Editor Alex Lewis
December 22, 2021
30 min
What can you do if two suppliers bill you for the same energy use?
Money Box listener Rebecca found herself caught between two of the UK’s biggest energy firms. After moving to a new home in the summer she changed the supplier from British Gas to EDF. Then a few weeks ago she received bills from both companies, meaning she'd have to pay twice for the gas she’d used once. Rebecca tried to resolve the situation in between her long shifts on an A&E ward but both firms insisted she owed the money and she received a legal threat. Then Money Box stepped in…… This week interest rates rose for the first time in more than three years. What might the increase from 0.1% to 0.25% mean for those savers getting much less than that from their accounts? If you’re planning on buying gift cards for Christmas - spare us a minute of your time first. The Bank of England says it wants to scrap a mortgage affordability rule that aims to prevent people getting into financial difficulty. It’s the one where applicants need to prove they could still make monthly payments if their mortgage interest rate rose to 3% above the lenders’ standard variable rate. A consultation on the change is due to start early next year. Presenter: Paul Lewis Reporter: Dan Whitworth Producer: Charmaine Cozier Production Coordinator: Janet Staples Editor: Emma Rippon
December 18, 2021
26 min
Pioneer Zopa exits peer-to-peer lending
Sixteen years after it appeared as the first of its kind in the world, Zopa has announced it's leaving the peer-to-peer lending business to focus on banking activities. Peer-to-peer matches people who want to lend money with individuals or businesses that need it. What will it mean for Zopa investors, borrowers and the wider industry? A new partnership is set to increase protection for people who are in debt to loan sharks. The collaboration between the Vulnerability Registration Service and the Illegal Money Lending Team will enable utility suppliers, mobile phone firms and other organisations to identify and support more of their vulnerable customers. A married couple have two full state pensions - but one is much higher that the other. We explain why. This week Bank of England Deputy Governor Ben Broadbent warned that inflation in the UK will “comfortably exceed 5 percent” by the spring. Rock bottom interest rates on savings accounts are well below that meaning the spending power of money in them will erode over time. So might investing be the way to protect savings against rising inflation? Presenter: Paul Lewis Reporter: Dan Whitworth Producer: Charmaine Cozier Researcher: Drew Miller Hyndman Editor: Emma Rippon
December 11, 2021
29 min

About the podcast Money Box

The latest news from the world of personal finance plus advice for those trying to make the most of their money.

Money Box

About the podcast Money Box

Categories

Care Leaver Finances

Pensions for teenagers?

Consumer Rights

How to Make Money from Unwanted Presents and Belongings

Relationships and Money

Tracing lost and forgotten financial assets

What can you do if two suppliers bill you for the same energy use?

Pioneer Zopa exits peer-to-peer lending

About the podcast Money Box

Categories