Money Box podcast

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22:08

Host Francesca Amiker sits down with directors Joe and Anthony Russo, producer Angela Russo-Otstot, stars Millie Bobby Brown and Chris Pratt, and more to uncover how family was the key to building the emotional core of The Electric State . From the Russos’ own experiences growing up in a large Italian family to the film’s central relationship between Michelle and her robot brother Kid Cosmo, family relationships both on and off of the set were the key to bringing The Electric State to life. Listen to more from Netflix Podcasts . State Secrets: Inside the Making of The Electric State is produced by Netflix and Treefort Media.…

Money Box

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

781 episoade

Money Box

77,392 subscribers

updated acum 2 zile

Distribuie

Pagina seriei•Feed

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

781 episoade

#Personal Finances #Lifestyle #Business #UK #BBC #BBC Radio 4

All episodes

1
Ofgem Back Billing and Pensions and IHT 25:07

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25:07

The energy regulator Ofgem says suppliers must take urgent action to find out how widespread a problem back billing is. It's when suppliers send out new bills for electricity and gas from longer than 12 months ago, a practice that was banned in 2018. The development follows Money Box's investigation which discovered thousands of people have wrongly been receiving back bills. Paul Lewis interviews Tim Jarvis, Director General of Markets at Ofgem. And unspent pension pots will be subject to inheritance tax from 2027. This change, announced by Rachel Reeves in the Autumn Budget, means most unused pension funds will be included within the value of a person’s estate for Inheritance Tax purposes from 6th April 2027. Money Box has been getting lots of emails from listeners who're now reconsidering their financial planning and are worried and upset about the new rules. The Treasury told us it continues to incentivise pensions savings for their intended purpose of funding retirement instead of them being openly used as a vehicle to transfer wealth. But how will the new rules work? Presenter: Paul Lewis Reporters: Dan Whitworth and Sarah Rogers Researcher: Eimear Devlin Editor: Jess Quayle (First broadcast 12pm Saturday 22nd February 2025)…

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Money Box Live: Energy Debt Help 28:03

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People owe more money for gas and electricity bills than ever before. New calculations from the energy consultancy firm Baringa reveal the average typical energy debt is £1,500 - that's up £300 in a year. The total owed to energy companies is 3.8 billion pounds, which is almost double what it was two years ago. Energy prices are also forecast to rise by 5% from April, adding £85 a year to household bills meaning a household using a typical amount of gas and electricity would pay £1823 a year. In this Money Box Live, we're finding out how to manage energy debts and how to avoid getting into the red in the first place. Ruth Alexander is joined by Matthew Sheeran from the free debt advice provider, Money Wellness, and Eleanor Taylor from Baringa. Presenter: Ruth Alexander Producers: Sarah Rogers, Catherine Lund and Neil Morrow Editor: Jess Quayle (First broadcast 3pm on Wednesday 19th February 2025)…

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Banned Back Billing and Debt Help 24:46

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The energy regulator Ofgem has been given less than two weeks to get answers for Parliament on the banned practice of back billing, which is when people are sent new bills for energy used longer than 12 months ago. In a letter written to the Chief Executive of Ofgem the chair of the Energy Security and Net Zero committee highlights Money Box's recent investigation into back billing, saying he considers there to be evidence of serious wrong doing on the part of energy suppliers and the need for intervention on the part of the regulator. Ofgem told Money Box it's reviewing supplier billing practices and "looking closely at supplier compliance with back billing rules to make sure customers get the service they are entitled to." For the first time since our investigation began Paul Lewis interviews Dhara Vyas, the chief executive of Energy UK, which represents energy suppliers. State pensions paid to tens of millions of people will go up in April by 4.1%, but depending on how your pension is paid - weekly or monthly - some people may not get the extra money until May. How to make sure you get it as soon as possible. And people who get into debt often find that it gets worse because of the high interest rates they are paying. Often they are only paying interest not reducing the amount owed at all. A new scheme by credit unions is trying to solve that by giving an affordable loan to people in debt at a low rates of interest so they can pay off their expensive debt and afford the repayments on their new debt. How will it work? Presenter: Paul Lewis Reporters: Dan Whitworth and Peter Ruddick Researchers: Eimear Devlin and Jo Krasner. Editor: Jess Quayle (First broadcast 12pm Saturday 15th February 2025)…

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Money Box Live: How to Retire Well 27:47

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We all dream about what we will do when we don't have to work anymore. The perfect retirement looks different for everyone, from travelling the world and luxury holidays to spending more time with family and friends, but the cost of stopping work can be bit of a wake-up call. In this Money Box Live we'll look at how to make the most of the savings you have as retirement approaches to how to start planning for retirement at the start of your career. Felicity Hannah is joined by Sangita Chawla, Managing Director at Standard Life and Zoe Alexander, Director of Policy and Advocacy at the Pensions and Lifetime Savings Association to answer your questions - and offer tips on how to plan for a good retirement. Presenter: Felicity Hannah Producer: Catherine Lund Editor: Jess Quayle (This programme was first broadcast at 3pm Wednesday 12th February, 2025.)…

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Back Billing Continued and Tax on Savings 24:57

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The Chair of the House of Commons Energy Security Committee has told Money Box that the behaviour of the energy firms is "outrageous" following our investigation into so called back-billing. That's when energy firms send out a new bill for gas or electricity which was used more than 12 months before. Last week we reported that thousands of people have complained that is still going on. Energy UK, which speaks for the big suppliers said if customers think they are being asked to pay for energy covered by the back-billing policy, they should contact their supplier as soon as possible to resolve the complaint quickly and efficiently. The Department for Work and Pensions asks executors and families to repay state pensions it has sent to people who have already died. It says it asks for it back to protect public funds, but do you have to pay? And high interest rates means more people paying tax on interest savings, but how do you know and what are the rules? Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Jo Krasner and Eimear Devlin Editor: Sarah Rogers (First broadcast 12pm Saturday 8th February 2025)…

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Money Box Live: Your Care Cost Questions Answered 28:19

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Paying for care in later life is something many of us will face. Unlike other NHS services, social care is not free at the point of use, the average annual care home cost is £60,000, if additional care is needed that price will go up. After a recent special Money Box Live from Grange Care Residential Home in Sheffield we received so many questions that we simply couldn't get through them all on air, so we've raided the inbox and brought in the experts to return to the topic to answer as many was we can. From how to plan to pay for care, what your money pays for, and how to challenge fees, Felicity Hannah, is joined by Tish Hanifan, the Founder of the Society of Later Life Advisors and Vic Rayner, CEO of the National Care Forum and Chair of the Care Providers Alliance. Presenter: Felicity Hannah Producer: Catherine Lund/Sarah Rogers Editor: Sarah Rogers (This programme was first broadcast at 3pm on Wednesday the 5th of February, 2025).…

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Energy Back Billing and Lifetime ISAs 24:34

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Thousands of people have made complaints to the Energy Ombudsman related to so-called back billing, which is when customers are sent new bills for energy use longer than 12 months prior. The practice was banned by the regulator Ofgem in 2018 but is still causing consumers problems. In the cases investigated by Money Box customers had to complain multiple times before their suppliers recognised they'd broken these rules and cancelled the bills. Ofgem says it's committed to reviewing billing practices while the trade industry body Energy UK says suppliers are continuously working to improve practices. Is the Lifetime ISA fit for purpose in 2025? That's the question being asked as Parliament's Treasury Committee calls for evidence about whether it is still an appropriate financial product nine years after it was created. We'll discuss how it works successfully for some, but also the problems some people face. The price people in England and Wales pay for water and sewage services will rise sharply from 1st April. Figures announced this week revealed that households in England and Wales will pay on average £123 a year more for their water. What can you do if you're worried about affording your bills? And thousands of people in Northern Ireland are still without power after Storm Éowyn last week - what help is available? Presenter: Paul Lewis Reporters: Dan Whitworth and Eimear Devlin Researcher: Jo Krasner Editor: Jess Quayle (First broadcast 12pm Saturday 1st February 2025)…

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Money Box Live: Disability and Finance 28:04

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Research from charity Scope suggests that disabled households have to find an extra £1,000 pounds a month to have the same standard of living as non-disabled households. Extra costs include, heating, equipment and transport. Having a disability can also mean navigating the benefits system - a system that Chancellor Rachel Reeves said today would undergo reform by the spring, as the government struggles to manage the rising cost of claims. Felicity Hannah is joined by Dan White from Disability Rights UK and Sarah Coles, Head of Personal Finance at Hargreaves Lansdown. Presenter: Felicity Hannah Producer: Sarah Rogers Editor: Jess Quayle (First broadcast 3pm Wednesday 29th January 2025)…

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State Pension Tax and Debt Relief Orders 24:49

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Over 1.4 million pensioners unexpectedly received a tax bill last year, according to exclusive data shared with Money Box. The mutual life, pensions and investment firm Royal London says its research suggests more than two thirds of those who'd retired paid tax on their pension income last year. But, also, that 1 in 7 of those didn't expect to do so. Pensioners can pay tax on anything that counts as income if it goes over the personal tax free allowance of £12,570 a year. We'll discuss how that works. A record number of people in England and Wales who were overwhelmed by their debts took out what is called a debt relief order last year. DROs freeze people's debts for 12 months and then write them off. They're a cheaper, more straightforward alternative to bankruptcy although there are serious financial implications and strict criteria about who can apply for them. We'll find out more about what's behind that rise. Savings rates are still high but there's £300 billion in bank accounts earning nothing, what's behind that? And, unexpected mobile and broadband mid-contract price rises are now banned after a change by the regulator. What does that mean? Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Eimear Devlin and Jo Krasner Editor: Jess Quayle (First broadcast 12pm Saturday 25th January 2025)…

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Money Box Live: Cost of Insurance 28:17

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Car, home, travel and life insurance are just some of the policies we might take out to protect ourselves if the worst happens. This year we've already seen floods followed by freezing temperatures and property claim pay outs hit £4.1 billion last year according to industry figures. So this week we look at whether insurance companies step up when we need them, and more widely at the rising costs of insurance, particularly for motorists. Felicity Hannah is joined by experts Mark Shepherd from the Association of British Insurers, and Sam Richardson, Deputy Editor of Which? Money. Presenter: Felicity Hannah Producer: Sarah Rogers and Craig Henderson Editor: Jess Quayle (This programme was first broadcast at 3p.m. on Wednesday 22nd of January 2025)…

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Child Trust Funds and Gilts 24:59

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24:59

A senior MP has backed calls to start automatically paying out hundreds of millions of pounds to young adults if they haven’t claimed government-backed child trusts funds by the time they turn 21. Sir Geoffrey Clifton-Brown, who is also chair of parliament’s Public Accounts Committee, says the move would help nearly half a million people born between 2002 and 2011 access one billion pounds of their own money that they don’t even know about. The government says the idea would be complex and costly. There has been a lot of talk on the news about gilts and the bond market. We're joined by Russ Mould, the investment director of AJ Bell, to explain what a gilt is and whether you can buy one? There's less than three months left to boost your state pension by to filling old gaps in your National Insurance record. At the moment people who have not yet reached pension age and those already on the new state pension can fill gaps in their record back as far as 2006. From this April that window will be shut. What should you do, if you think you've got gaps to fill? And, the couple who boosted their income by more than a hundred pounds a week after listening to Money Box. Find out how they did it. Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Eimear Devlin and Jo Krasner Editor: Jess Quayle (First broadcast 12pm Saturday 18th January 2025)…

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Money Box Live: School Costs 28:29

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1 in 5 parents say they're struggling with the cost of sending their children to school according to the National Parent Survey. There're uniform costs, school trips, afterschool clubs and school dinners to consider, but is there a way to keep costs down? Some changes are on the way with government plans to give every parent of a child in a state primary school in England the legal right to a half hour breakfast club, as well as limits on how many branded uniform parents have to buy. This week Felicity Hannah will hear from parents and is joined by Jo Thurston, parenting coach from Action for Children’s Parent Talk service, Sarah Coles, head of personal finance at the investment platform Hargreaves Lansdown and Neil Renton, Head Teacher of Harrogate Grammar School. Presenter: Felicity Hannah Reporter: Sarah Rogers Editor: Jess Quayle (This programme was first broadcast at 3pm on Wednesday the 15th of January 2025)…

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Breakfast Clubs and Housing Costs 25:25

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The Government made a start this week on its manifesto promise to provide free breakfast clubs in every primary school in England. The Children's Wellbeing and Schools Bill got through its first big step in the House of Commons on Wednesday and will give every parent of a child in a state primary school in England the legal right to a half hour breakfast club for their children with food and childcare. Schools Minister Stephen Morgan speaks to Paul Lewis about the plans. New research form the housing and homelessness charity Shelter, seen exclusively by this programme, suggests more than half of those facing housing worries have been kept awake at night over the past year due to concerns about things like high rents, poor conditions and the risk of eviction. What can be done to help them? And millions of people who need to file a self assessment tax form have still not done it - and the deadline is less than three weeks away on January 31st. Listen for the Money Box guide on what you need to know. Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Emma Smith, Eimear Devlin and Jo Krasner Editor: Jess Quayle (First broadcast 12pm Saturday 11th January 2025)…

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Live from Sheffield: Affording Care 28:24

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Money Box Live broadcasts from Grange Crescent Residential Care Home in Sheffield for a special programme on the cost of care. Unlike NHS services, social care is not free at the point of use. It costs an average of around £60,000 per year to live in a residential care home and considerably more if you need nursing care. Last week the Department of Health and Social Care announced a new review into care costs, but the independent commission tasked with the job will not publish it's final report until 2028. We'll be speaking to residents and family members about how they're paying their care bills and hearing from the care home manager about how it all works. Joining Felicity Hannah is Claire Rintoul, CEO of the charity Sheffcare which operates Grange Crescent Residential Care Home as well as eight others in the city, Professor Vic Rayner, Chair of the Care Providers Alliance which represents independent and voluntary adult social care providers in England and from the Society of later life advisors, Independent Financial Advisor Jonathan Rowley. Presenter: Felicity Hannah Producer: Sarah Rogers Production Coordinators: Emma Smith and Molly Pipe Editor: Jess Quayle (This programme was first broadcast 3pm on Wednesday the 8th of January, 2025)…

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Energy Costs and Private Schools VAT 24:51

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