Money Box

BBC Radio 4

4.1 (21)
Business
Updated Semiweekly

The latest news from the world of personal finance plus advice for those trying to make the most of their money.

11h ago

Boost Your Workplace Pension and Winter Fuel Opt Out

Almost half of people in work don't know how much their employer is contributing to their workplace pension. That is one finding from a survey by the consumer group Which? It also found that people looking for a new job are more likely to value things like holiday allowance and flexible working than what the employer paid into their pension. What can be done to help the hundreds of thousands of low income pensioners who're missing out on benefits they're entitled to? We'll hear from one pensioner on the Isle of Wight who boosted her income by nearly £400 per month after finding out she qualified for Housing Benefit and Council Tax Reduction. If you're a pensioner due to receive the Winter Fuel Payment in England, Wales and Northern Ireland you have until 20th September to opt out if you want to. And, the UK's biggest lenders put up mortgage rates. What’s the best advice for first-time buyers or those who need to refix their deal? Presenter: Paul Lewis Reporters: Dan Whitworth and Jo Krasner Researchers: Catherine Lund and Eimear Devlin Editor: Jess Quayle Senior News Editor: Sara Wadeson (First broadcast 12pm on Saturday 12th September 2026)
23h ago

AI Money Advice and Heating Oil Costs Rise

New research published this week found that free AI chatbots gave inaccurate answers to financial questions more than half of the time. This research was carried out by a company called Saturn AI which works with financial advice firms. It ran a series of financial questions through 18 different AI platforms more than 10 thousand times, checking them against key criteria to decide whether they passed or failed. The research identified errors relating to student loans, mortgages, pensions, tax, savings and debt. What's the best advice for using AI to help with your personal finance? The price of heating oil has risen sharply this month to around £1,100 to fill a 1,000 litre tank, £400 more than it cost in early July. The price spiked in March to as much as £1,340 because of the Middle East conflict. Before that prices were stable at around £600 for a tank. What should people do now as we head into winter? Is there enough information available when it comes to choosing your home or travel insurance? And, the government has paid out more than £300 million pounds since the start of a scheme designed to help those on low incomes to build up a savings pot. This week new figures show that more than 650,000 people are now using the Help to Save Scheme, which was set up in 2018. Who's eligible and how do you apply? Presenter: Paul Lewis Reporters: Dan Whitworth and Jo Krasner Researchers: Eimear Devlin and Amber Mehmood. Editor: Jess Quayle Senior News Editor: Sara Wadeson (First broadcast 12pm Saturday 26th September 2026)
3d ago

Money Box Live: Saving for Your Future Self

There can be a lot of financial pressures when you're first starting out in your career, paying the rent, saving for a home and clearing student debt to name just a few. So the idea of saving for a retirement that's decades away can seem like a very low priority. Research fromthe People's Partnership suggests 1 in 8 young adults now say that engaging with their pension feels pointless because they don't think they will ever retire. Meanwhile others are saving hard into workplace pensions now, because they're worried there won't be a State Pension by the time they get there. We talk to Maisie, Rebecca and Ruaridh, who're in their late teens and twenties about their financial priorities and where savings and pensions fit into that. Felicity Hannah is also joined by Sarah Pennells, Consumer Finance Specialist at Royal London and Shantel Okello, Policy Researcher at the Pensions Policy Institute to answer your questions. Presenter: Felicity Hannah Producer: Sarah Rogers Editor: Jess Quayle Senior Editor: Sara Wadeson (This episode was first broadcast on Wednesday the 23rd of September, 2026).
Oct 17

The Future of Pensions and Bereavement "Injustice"

Major reforms are needed in workplace pensions to increase the amount people are saving for their retirement, but it will take the next 20 years to get there. That's according to Professor Nick Pearce, one of the people appointed by the Government to its Pensions Commission to look at the problem and find solutions. Government figures show that around 18 million working age adults are not saving into a pension and nearly half of those have a job. Professor Pearce talks to Paul Lewis about what they're looking at to tackle that problem. Three of the UK's leading end-of-life charities have described the way bereaved families are being treated by the Capita-run Civil Service Pension Scheme as an "injustice". Last week the government published data showing more than 1,000 cases where loved ones had been waiting more than 100 days for survivor pensions and death in service payments. Capita has apologised many times already but faces the prospect of losing the contract of running the scheme, worth hundreds of millions of pounds, as the government looks to bring it back in-house. More than a trillion pounds of our savings is sitting in accounts that pay little or even no interest, when it could easily be earning 4% or more elsewhere. Those figures come from the Bank of England analysed by the investment platform Lightyear. They show £1.2 trillion is sitting in UK bank and building society accounts and a quarter of that amount is earning no interest at all. Presenter: Paul Lewis Reporters: Dan Whitworth and Jo Krasner Researcher: Amber Mehmood Editor: Jess Quayle Senior News Editor: Sara Wadeson (First broadcast 12pm Saturday 19th September 2026)
Oct 13

Money Box Live: Rising Water Bills

More than 320,000 households in England and Wales complained to their water supplier last year. A rise of 56% on the year before, according a report from the industry watchdog the Consumer Council for Water. It also says the number of people escalating complaints to them has rocketed 84% - the biggest rise in the watchdog's 20-year history. The topic of water is huge conversation right now, from who should control it, the price of bills and what happens when things go wrong. Andy White, from the Consumer Council for Water, which represents water customers in England and Wales and Jeevan Jones, chief economist at Water UK, which represents the companies responsible for getting water to our homes join Felicity Hannah to get answers to some of your questions and comments. Presenter: Felicity Hannah Producer: Sarah Rogers Editor: Jess Quayle Senior Editor: Sara Wadeson (First broadcast 3pm on Wednesday 16th of September 2026).
Oct 7

Money Box Life: Lending to Loved Ones

When someone you love needs financial help, lending them money can seem like the easiest way to support them. And when you're the one facing financial difficulties, turning to someone close to you for a loan can feel like the most natural solution. Around 1 in 4 of us borrow from family and friends when times are tight according to a survey from the not for profit, Fair4All Finance. It found many of those people were asking for smaller amounts of money of around £250 or less to help pay for essentials like food and bills. However, for some, it could be for a loan of tens of thousands of pounds, like children asking for money for a house deposit. The tension is, that if you don't get it right, you could damage relationships with people you care about. So what are the rules and what happens when things don't go to plan? Joining Felicity Hannah is Melinda Giles, a partner at the law firm Giles Wilson who specialises in family law and Peter Tutton, Director of Policy at the debt charity StepChange. Presenter: Felicity Hannah Producer: Sarah Rogers Editor: Jess Quayle Senior Editor: Sara Wadeson (This episode first aired on Wednesday the 9th September, 2026).
Oct 3

Numeracy Review and Petrol Prices

A new survey has suggested nearly a third of people in the UK believe they lost money last year because of their poor maths skills. One estimate puts the cost of innumeracy at £25 billion per year. To try and tackle this the government has asked a House of Lords committee to investigate. We'll hear from its chair, Lord Agnew. The price of petrol is the highest it has been for almost four years. It was autumn 2022 when petrol last topped 160p a litre. We'll look at why that is and what you can do try and bring the costs down. It's 50 years since the creation of the first index fund for ordinary investors - spearheaded by John Bogle, the founder of the American investment company The Vanguard Group. What was its impact on investing today? And, why more than £1.5 billion languishing in unclaimed, government-backed Child Trust Funds will be the focus of a new review by the Financial Conduct Authority. Presenter: Paul Lewis Reporters: Dan Whitworth and Catherine Lund Editor: Jess Quayle Senior News Editor: Sara Wadeson (First broadcast 12pm on Saturday 5th September 2026)
Sep 30

Money Box Live: Back to School

Children in England, Wales and Northern Ireland return to school this week, with Scottish children already well into the first term of the year. Many parents and carers will have the cost of sending their children to school in mind this week, right as several changes come in on uniforms, free school meals and the continued rollout of free breakfast clubs. Parents could expect to spend more than £15,500 on a child's school years from reception to GCSE, with school clubs accounting for the biggest share of the bill, according to new Nationwide research. Felicity Hannah is joined by Carol Homden, the chief executive of children's charity Coram and Jasmine Birtles, director and co-founder of MoneyMagpie. Presenter: Felicity Hannah Producer: Will Harris Production co-ordinator: Catherine Lund Editor: Jess Quayle Senior News Editor: Sara Wadeson (First broadcast 3pm Wednesday 2nd September 2026)

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Paul Lewis

Host
Sheldon Mills

Guest
Simon Belshaw

Guest
Elle Farrell-Kingsley

Guest

4.1

out of 5

21 Ratings

Great advice

11/12/2012

HasHad16

Always full of great advice and useful information.
Avid Listener

10/11/2012

Toni Wall

Great show. I always look forward to listening.
Love from the states

05/12/2011

FanofLawyerFriday

I love listen to this show during my long shifts at work even thought I'm not in the UK