Martin Lewis, founder of Money Saving Expert, has urged residents of the UK to check their savings accounts. The finance expert has turned his attention to ...
The financial guru is now encouraging people to check if they can get a better deal on interest rates. If you've not switched savings account in the last couple of years, you're likely earning just 0.1% or less. The finance expert has turned his attention to interest rates, advising any savers who think they may be rewarded with lower rates: "don't stand for it."
Everything changed though in 2016, when the Personal Savings Allowance (PSA) launched. It means: Basic 20 percent rate taxpayers can earn up to £1,000 interest ...
I know for years many had it drilled into them (often by me) that cash ISAs were nicer – but now people need deprogramming and pushed to just focus on the highest interest rates which come from top normal savings. Be brave, ditch the cash ISA and earn more. - If you're close to paying tax on savings. That means for the few with savings (or earnings) big enough to break that limit, it's a winner, as they can protect more interest from tax. Yet for MOST, there's no benefit of saving in a cash ISA – so you simply should focus on getting the highest interest rate. At the time of writing… If you've a good whack of savings and are close to the limit where you’ll pay tax, as interest rates are likely to rise, keeping money in cash ISAs now can protect you from future tax. - Top 2-year fix: Cash ISA 1.75 percent v Normal Savings 2.21 percent - Top 1-year fix: Cash ISA 1.4 percent v Normal Savings 1.96 percent - Top easy access: Cash ISA 1.05 percent v Normal Savings 1.5 percent - Basic 20 percent rate taxpayers can earn up to £1,000 interest a year from any and all savings without paying any tax on it; after that their interest is taxed at 20 percent. All a cash ISA is, is a savings account you don't pay tax on.
Martin Lewis revealed UK households saved an estimated £180billion extra as society shut down following the coronavirus outbreak.
If you've not switched savings account in the last couple of years, you're likely earning just 0.1% or less. Though of course you know that, as you've already checked... Martin Lewis has issued a warning to anybody who holds a savings account in the UK saying they could be losing out on money.
Martin described how an affordability test is done based on disposable income, not your credit rating, score or worthiness. He said: “When people talk to me ...
The Office for National Statistics (ONS) said the figure was driven by food and fuel prices - petrol at 160.2p per litre on average in March and diesel at 170.5p, were both record high prices. Martin Lewis has warned how the cost of living crisis could impact people applying for a mortgage this year. And last week, rapidly rising food and fuel prices sent inflation to another 30-year high of 7% for March - even before energy bills spiked.
Experts at British Gas explained how many of us making a mistake that's costing a fortune.
The washing machine is actually a huge drain for those of us failing to wash in the most economical way. Setting your washing machine to wash at 30 degrees rather than higher temperatures will save around £28 a year on energy bills.” So looking for ways to lower the bills is more important than ever and you might actually find them in the most surprising of places.
People are being warned as scam emails are being sent out promoting Bitcoin investment schemes claims to be endorsed by Martin Lewis.
Action Fraud reported to have received 1,178 reports about the scam in three days. reads: “We've received over 1,000 reports about emails promoting Bitcoin investment schemes claiming to be endorsed by @MartinSLewis.” People are being warned as scam emails are being sent out promoting Bitcoin investment schemes claims to be endorsed by Martin Lewis.
British Gas smart meter customers who are trying to use the company's app to keep on top of their bills have been unable to track their usage for more than ...
If there is a clause on what type of meter you can have or your landlord pays your bills, you’ll need to ask them if you can have a smart meter put in. No. You don't need wi-fi or an internet connection to get a smart meter. It doesn't have the capacity to see or hear, it can only measure the amount of energy you use. According to Smart Energy GB, 86% of people with a smart meter have said that they have changed how they do things around the house to use less energy. Yes. With a smart prepayment meter it can be easier to view and manage your energy usage. But you’ll need to check your tenancy agreement in case there’s a restriction on the type of meter you can have installed. The key difference between smart and traditional meters is that your energy usage will no longer be estimated. The data a smart meter captures is protected by law. You get separate gas and electricity smart meters, both of which send your energy data to your supplier via a wireless network. A smart meter isn’t compulsory and if your supplier tells you otherwise, contact the Citizens Advice consumer helpline. Smart meters replace your existing meters and monitor your actual energy use and send it to your provider automatically. Here we take a closer look at the role of smart meters and lay to rest some of the claims surrounding them.
Mr Lewis is urging people to take the matter into their own hands, and conduct checks manually.
"They can still log into the app as normal but the glitch is preventing them from seeing their most up to date usage information. We hope to have this fixed soon. A British Gas spokesperson said: "We’re working to sort this issue and we know that keeping track of energy usage is really important to our customers right now.
Smart-meter customers have been unable to track their gas and electricity usage for two months.
We hope to have this fixed soon. The energy giant admitted to MoneySavingExpert that they are experiencing technical difficulties meaning smart-meter customers have been unable to track their usage history and data. Smart-meter customers have been unable to track their gas and electricity usage for two months
A major technical glitch has meant regular smart-meter readings aren't showing up online. The energy giant admitted to the team that customers have been unable ...
Plenty of households are looking to keep a more watchful eye on their energy usages as bills have rocketed in recent weeks. But with British Gas' online tracking out of action for most for the time being, those that are worried should take a reading from the actual smart meter to keep their own record. Typically you'll be able to make sense of all this data on a little screen monitor in your home.
The Money Saving Expert website owned by Martin Lewis sent an urgent warning to British Gas customers after a technical glitch as users should do a new ...
We hope to have this fixed soon. "They can still log into the app as normal but the glitch is preventing them from seeing their most up to date usage information. British Gas customers have been urged to take a meter reading following a technical glitch.
British Gas has admitted that millions of its users have been unable to use its app or website to check their gas and electricity usage since February 16 ...
We hope to have this fixed soon. Now two months since I last saw my usage on the website or app. Another person said: "Wondering when I might be able to see the daily data from my smart meter.
A major technical glitch has meant regular smart-meter readings aren't showing up online. The energy giant admitted to the team that customers have been unable ...
Plenty of households are looking to keep a more watchful eye on their energy usages as bills have rocketed in recent weeks. But with British Gas' online tracking out of action for most for the time being, those that are worried should take a reading from the actual smart meter to keep their own record. Typically you'll be able to make sense of all this data on a little screen monitor in your home.