Money Saving Expert Martin Lewis highlights a significant tax break for married couples – the Marriage Tax Allowance. This allowance allows you to transfer £1,260 of your personal allowance to your spouse if they earn more than you, potentially saving you hundreds of pounds in tax. Find out if you’re eligible and how to claim this valuable benefit.
Money Saving Expert Martin Lewis is urging Brits to be cautious about third-party firms claiming to help recover Child Trust Fund (CTF) money. He warns that thousands of young adults are unaware they are owed an average of £2,212 each, but these companies are charging exorbitant fees for a service that’s easily done for free. This article explains how the CTF scheme works, who is eligible, and how to claim your money directly from HMRC.
With energy prices soaring, finding affordable ways to stay warm is top of mind for many. One popular solution gaining traction is the electric blanket. This article explores the benefits of using an electric blanket, highlighting its affordability, comfort, and ease of use, citing real-world experiences and customer reviews. It also provides alternative options for those seeking additional warmth.
Martin Lewis highlights the hidden penalties associated with Lifetime ISAs, warning that withdrawing funds for any reason other than buying a first home or reaching retirement age incurs a 25% penalty. The article also discusses changes to Winter Fuel Payments and other financial news.
MoneySavingExpert Martin Lewis has shared the optimal date to secure affordable Christmas train tickets, advising travelers to mark their calendars for Friday, September 27th. This is when most train companies will release their festive tickets, offering the most competitive fares.
Millions of UK car owners who financed their vehicles between 2007 and 2021 could be owed thousands of pounds due to potential mis-selling of car finance policies. Martin Lewis, the founder of Money Saving Expert, urges car owners to check if they were unfairly charged higher interest rates and to file a complaint if they were.
Money Saving Expert founder Martin Lewis reveals a simple but effective strategy to tackle credit card debt: balance transfers. By switching to a 0% balance transfer card, you can potentially save hundreds of pounds in interest charges and pay off your debt faster.
Martin Lewis, the UK’s renowned finance expert, has issued a critical warning for Tesco Clubcard holders. Millions of pounds worth of Clubcard vouchers are set to expire on August 31st. However, there’s a simple trick to extend their validity for two more years. This article provides a step-by-step guide on how to convert your points into vouchers, extend their expiry date, and make the most of your Clubcard savings.
With the energy price cap dropping on July 1st, Money Saving Expert advises taking meter readings and potentially topping up prepay meters to ensure you benefit from the lower rates. While the savings may seem small, they can add up to significant amounts over the year. However, the cap is expected to rise in October, so consider building up credit or looking into fixed deals to avoid future price hikes.
Financial expert Martin Lewis advises consumers to open accounts with higher interest rates to increase their savings. Nationwide offers a £200 incentive for switching accounts, with minimal effort required. Experts emphasize that switching banks generally does not significantly impact credit scores, unless done frequently. Individuals who switch accounts strategically can save substantial sums of money.
