Unstable season two is just around the corner!
26.06.2024 - 10:09 / ok.co.uk
Martin Lewis was joined by experts in the field of taxes on the latest episode of the The Martin Lewis Podcast.
They were there to answer some listeners' burning questions, and tax guru Rebecca Benneyworth was among those on the panel. One caller, Angus from Derby, explained how he'd desperately researched every avenue available to him before turning to Martin Lewis for help with the starting rate for savings tax allowance, which is £5,000 for people on low income, allowing them that additional savings completely tax-free.
He questioned: “I’m in a situation where I’ve been lucky enough to retire a couple of years before retirement age. I’ve got a relatively low income for a few years until my state pension kicks in or I take some money out of my private pension plan but I’ve got relatively high savings.” Martin interjected, excitedly noting that Angus is in a “sweet spot for the starting savings rate”.
The Money Saving Expert added: “This is for anyone with relatively low income and high interest effectively.
You may be able to get up to £18,570 without paying any tax on it." Martin revealed the “right circumstances” that would allow for this would be if a person had an income under the allowance of £18,570.
These people can combine the usual £12,570 tax-free personal allowance with the starter rate of £5,000 and the usual £1,000 savings allowance to get a sensational £18,570 savings tax-free.
The personal allowance is available to everyone and is the amount they can earn each tax year without paying income tax.
This includes income from interest or employment. Rebecca piped in to explain the situation a bit more.
“If your non-savings income is quite low, let’s imagine your non-savings income is £8,000 a year. “You’ve got the
.Unstable season two is just around the corner!
A quarter of parents have had to make cutbacks to afford school trips - or have even had to ask their own parents to step in and help. 23% of parents surveyed for public sector insurer Zurich Municipal said they have had to go without and cut back on essentials to fund school trips.
A livid Martin Lewis has hit back at the Tories for using a video of him on social media, alleging that the respected money expert claimed Labour would hike taxes. The founder of Money Saving Expert dismantled the Tory's promotional video, stressing that "NO WHERE" in the footage did he mention taxes.
A furious Martin Lewis has slapped down the Conservative Party after they posted a video of him on social media, claiming the trusted financial guru had said that Labour would put up people's taxes. The Money Saving Expert website founder tore apart the Conservative attack ad, pointing out that "NO WHERE" in the clip had he spoken about taxes.
Large numbers of Child Benefit claimants have been contacted by HM Revenue and Customs (HMRC) over delayed payments. Roughly 577,000 people were affected by a "processing error" that left them short on cash.
Martin Lewis has criticised the Conservatives over a tweet in which they tried to claim he had spoken to Labour about secret tax plans.
Money Saving Expert Martin Lewis has explained why he refuses to name his daughter on television and why he rarely shares pictures of his family. During Good Morning Britain on Wednesday 26 June, Martin was discussing Labour leader Keir Stamer’s policy of not naming his children.
A seasoned physiologist who has dedicated years studying how to age gracefully has said that a specific workout routine can make you feel 30 to 35 years younger.
Zack Sharf Digital News Director “Bridgerton” author Julia Quinn has taken to social media to address upset fans of the Netflix series following the Season 3 finale, which included a dramatic change from Quinn’s novels in gender-flipping Francesca Bridgerton’s love interest. While Season 3 was primarily devoted to the blossoming romance between friends Colin Bridgerton (Luke Newton) and Penelope Featherington (Nicola Coughlan), it also tracked the courtship of Francesca (Hannah Dodd) by John Stirling, Earl of Kilmartin (Victor Alli).
Martin Lewis has issued a clarifying statement for couples who have been shocked by an "extra tax bill" from HM Revenue and Customs (HMRC).
Police searching for missing Anthony Hill - a former colleague of MoneySavingExpert Martin Lewis - have found a body, investigators have said. Norfolk Police said in a statement this morning that officers discovered the body of a man in Norwich, shortly before 8pm.
The largest study of its kind has discovered that a common night-time condition could be an early warning sign of dangerous hypertension - high blood pressure.
The average household income that you need to buy your first property in the UK has now been revealed. According to a study by Zoopla, the typical first-time buyer now needs earnings of more than £60,000 to step onto the property ladder.
Personal finance guru Martin Lewis has told all holidaymakers heading abroad this summer that they should "act now" if they want to save hundreds in extra costs - and potentially avoid being turned away at the airport, or being scammed by service providers.
When it comes to all things money related, there’s nobody better to talk us through the basics than the UK’s very own Money Saving Expert himself, Martin Lewis. From understanding inheritance tax, through to navigating the complex world of benefits, Martin has always been on hand to simplify and break down the biggest changes in financial news to help make it easier to understand.
Finance journalist Martin Lewis has made an emotional appeal for information on a "lovely man" and former colleague who has mysteriously vanished. Primary school teacher Anthony Hill, 37, was last seen at his home in Norfolk on Monday. Local police have issued a plea on social media to find him, which Martin Lewis, the founder of MoneySavingExpert, shared, expressing his shock at his friend's unexpected disappearance as "devastating".
Martin Lewis has joined pleas to help track down a missing man who once worked on the MoneySavingExpert deals team.
Martin Scorsese is set to shoot a new film which will see him return to the small town from where his family originated.The filmmaker is reportedly working on a documentary about ancient shipwrecks in the Mediterranean Sea. The documentary will take Scorsese to Polizzi Generosa, a small town on the island of Sicily, where his paternal grandparents were born.Currently untitled, the film is reportedly based on research by archaeologist and professor at Cranfield University in England, Lisa Briggs.
The White House in the past week has railed against so-called “cheap fakes,” videos edited to look as if President Joe Biden has “frozen” or was wandering away at major public events, while media outlets amplifying the moments have done little to add context.
Jack Dunn For costume designer Kasia Walicka-Maimone, working on “The Gilded Age” was a “fantastic” history lesson on the beginnings of contemporary fashion. As she researched the styles of late 19th-century New York through paintings and photographs, she deeply appreciated the complex colors and modern design trends that defined high society during the 1880s. “A lot of the times, I’m being asked if I modernized it too much.