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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Recent Blogs
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Martin Lewis: Is it time to ban unnecessary Christmas presents?
5 December 2022![]()
Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of... -
Martin Lewis: The one thing everyone aged over 66 needs to know
29 November 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.
