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.
Latest MoneySaving Tips
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Martin's 10 financial quirksIncl how to make £100s
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Warning. Check card contact detailsOr risk purchases being declined
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40+ supermarket couponsIncl free nappies
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Boots tricksEg, £43 of No7 for £10
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Mobile firms slash pricesIncl cheapest EVER 5GB Sim & iPhones
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5th self-employment grant updateGovt puts out new info
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Theme park 2for1sThey're back
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Ending. Shift card debts to 29mths 0%Plus get £25 cashback
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18 Ikea hacksIncl 60-70% off
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Travel refund rightsAs Portugal axed from 'green list'
Recent Blogs
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Martin Lewis: Why you shouldn't worry too much about your credit score – it’s not actually a real thing
14 June 2021![]()
When it comes to finances, numbers are key – whether it's what you earn, your credit card balance or the interest rate on your mortgage, small changes can add up to a big difference. Yet there's one number you shouldn't pay too much attention to – your credit score. -
Martin Lewis VIDEO: Should you pay off your Plan 1 student loan?
18 May 2021![]()
If you started university between 1998 and 2012, or since then in Scotland and Northern Ireland, you'll have a Plan 1 student loan. While much is written about whether those with savings should overpay the current English Plan 2 student loans, there's little out there about Plan 1. I wanted to change that, so here's a video explaining how to decide...
