Warning: Your child’s savings will still be taxed like they’re yours, even after April’s changes
Big changes to savings are afoot from next April. The new personal savings allowance launches, allowing all basic-rate taxpayers to earn £1,000 in interest tax-free (higher-rate £500) from all types of savings (for want of doubt this includes high interest bank accounts and top normal savings).
Becoming a patron of bereaved children’s charity Grief Encounter is uncomfortable
I was recently asked if I would become a patron of Grief Encounter. I have to be honest that initially I was very tempted to say no. Yet a friend of mine is having to deal with the tragic death of his wife at far too young an age (some of you will have read her inspiring Fighting Genghis blog) with two young children who the charity is helping.
What happened to the £10m (now £20m) I promised to donate to charity?
In June 2012 I pledged, when MSE joined the MSM group, that charities would receive £10 million. For transparency's sake periodically I bash out a quick blog explaining what's happening with the money.
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'Thanks. I got £1,500 pension credit''AND an extra £185 every 2 weeks'
Recent Blogs
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Martin Lewis: The one thing everyone aged over 66 needs to know
17 June 2022![]()
It is a national tragedy that getting on for a million pensioners, many of whom have been paying into the system for years, are missing out on a critical boost to their income. It's called pension credit, and this year it also means you get an extra £650 to help with energy bills. -
Martin Lewis: What I asked the Chancellor to do when I spoke to him on Monday...
26 May 2022![]()
With the announcement of the Government's energy cost of living plans due out at lunchtime. I thought I'd speedily bash out a note down of what (from memory) I'd asked the Chancellor for when we spoke on Monday - and the other general suggestions I've been making. -
Martin Lewis: Got a cash ISA? You should probably ditch it
24 May 2022![]()
Press the rewind button and go way back to April 2015... Possibly on the telly in the corner of your living room, I was on-air at the time urging savers as usual to use their new tax-free cash ISA allowance – because 'money was nicer in an ISA'. But things changed in 2016. -
Martin Lewis: 'UO is just as important as UX: A tip for anyone developing their website or app'
6 May 2022![]()
I set up MoneySavingExpert.com nearly 20 years ago – when arguably the modern web was still in its infancy. With an abundance of self-belief (something I had too much of then, as I realise now) I decided not to read any books, or follow prevailing wisdom on how a site should operate – and just do it my way.
