Money Box

BBC  |  Podcast , ±31 min episodes every 3 days  | 
All that matters about money with Paul Lewis. News of savings and investments, credit cards and loans, pensions, banking, tax, benefits and giving to charity. The UK's premier weekly round-up of personal finance from the BBC.

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01
DEC

Financial Abuse

Restricting access to money, bank accounts and the right to earn an income are a few of the many and varied forms of financial abuse, often accompanied by other types of domestic violence.

Sadly it’s estimated that one in six people in the UK are dealing with this deeply distressing method of coercive control.

In this episode Felicity Hannah hears from some of those affected and about the organisations ready to help including:

Dr Nicola Sharp-Jeffs, founder and CEO, of the charity Surviving Economic Abuse (SEA)
Cris McCurley Partner & Solicitor at Ben Hoare Bell.

Producer Smita Patel
Editor Emma Rippon
27
NOV

Money Box wins back £145,000 for a vulnerable customer after his bank said no

A High Street bank has refunded £145,000 to a man in his eighties after Money Box intervened. Alan was persuaded by thieves to transfer tens of thousands of pounds into what he thought were investments. The money was moved through his account at Metrobank which for many years had seen little activity. But the bank failed to notice large sums being transferred in from his savings and investments and out again almost at once. When a different bank finally blocked the scam, Metrobank only recovered a small proportion of the stolen money before closing the case. Then Money Box intervened and won back for Alan the full amount. We hear from Alan's wife Elizabeth. And from Morven Lean of the Alzheimers Society on how to work with banks to protect relatives with dementia from theft. Plus Kate Frankish of PayUK reveals new ways they're developing to try to cut authorised push payment fraud in future.

Also - Dave, who got in touch with Money Box , describes the "black hole" he entered when the Department of Work and Pensions told him part of his salary could be taken to pay off a £1,000 benefits debt. The problem was - he'd never claimed the benefit, didn't owe the money and wasn't told which part of government was poised to take it from him. A year after problems like these were first raised by the programme, Stephen Timms, chair of the Work and Pensions select committee, assesses how well the DWP is fixing them.

Plus - Would you borrow half the deposit you needed to buy a home if it meant losing half the profit when you sell it?

Presenter: Paul Lewis
Producer: Paul Waters
Reporter: Dan Whitworth
Researcher: Drew Miller Hyndman
Editor: Emma Rippon
25
NOV

Running an Online Business

What does it cost to run an online business? Small business owners share their experiences of setting up, marketing and developing their online brand with Adam Shaw and guests.

If you've a story, a good tip or lesson learnt we'd love to hear from you. Tweet @Moneybox or e-mail moneybox@bbc.co.uk now and please include a phone number if you'd like to join in.

Presenter: Adam Shaw
Producer: Diane Richardson
Editor: Emma Rippon
22
NOV

Financial tips from TikTok?

Young people are turning to social media platforms like TikTok for financial advice. But how reliable is the guidance provided by usually unqualified and unregulated influencers? Reporter Anita Langary investigates. We also hear from TikTok influencer Callum Carver, and Emmanuel Asuquo of Talis Independent Financial Advisers.

More than a million people have put money into Lifetime ISAs, or LISAs. You can save up to £4000 each year, and the Treasury adds a bonus of £1 for every £4 you save. But you can only use the money for two things: to help fund retirement or to buy your first home, which must be less than £450,000. If you break any of those rules there is a hefty 25% withdrawal charge. But with house prices up by more than 20% since LISAs were introduced, the £450,000 limit is causing problems for some first-time buyers. Reporter Dan Whitworth hears from one forced to choose between a hefty financial penalty or losing her dream home. Neal Hudson, a housing market analyst at builtplace.com gives us a countrywide view.

We have news on moves to help victims of authorised push payment fraud - when people are tricked into transferring money to criminals.
Plus new thinking on making it easier for 18 year olds who lack mental capacity to get access to their government backed Child Trust Funds.

And as inflation rates head towards 5%, a new young generation is experiencing it for the first time. But do they really get it? And what can they do to minimise its impact. We bring together Jan Shortt, General Secretary of the National Pensioners Convention, who's been through inflation before, and Iona Bain, a financial writer about young people’s money.

Presenter: Paul Lewis
Producer: Paul Waters
Reporters: Dan Whitworth & Anita Langary
Editor: Emma Whitworth
17
NOV

Credit Reports

A good credit report will improve your chances of being offered a mortgage, credit card or loan, so what influences your score, how easy is it to correct any mistakes and what can you do to boost that important number?

Share your questions, experience and tips with Felicity Hannah on Wednesday's Money Box Live, we can't make the programme without you. Tweet @Moneybox or e-mail moneybox@bbc.co.uk now and please include a phone number if you'd like to join the conversation.

Presenter: Felicity Hannah
Producer: Diane Richardson
Editor: Emma Rippon
13
NOV

Problems with eco-homes and equity release

We're urged to be more environmentally friendly, but one listener has found he cannot release the equity he has tied up in his specially built, and officially signed off, eco-house. Is the equity release market out of step with efforts to counter climate change? We find out, with Money Box reporter Dan Whitworth and Amanda Moore, senior adviser at the UK’s largest equity release advice firm, Key.

Money Box has fresh revelations about criminal websites on the open internet. Two weeks ago we told you about the websites on which crooks buy and sell your confidential financial information. This week, Money Box reporter Kaf Okpattah has found another website which sells a do-it-yourself tutorial explaining how to bypass banking security by intercepting one-time passcodes, in order to steal money from accounts. The government is proposing an Online Safety Bill - but will it stop criminals taking our cash? We hear from Damian Collins MP, Chairman of the parliamentary Select Committee looking into it.

Some people who claimed Universal Credit benefits during the Covid pandemic may have to pay it back because the Department for Work and Pensions is suspicious about some claims. That's according to the Child Poverty Action Group, which says the DWP may be acting unlawfully by assuming that anyone who has failed to verify their identity in time - by sending a selfie by their front door holding a local newspaper, for instance - has been wrongly claiming help. We hear from CPAG solicitor, Claire Hall.

And our Money Box Mini this week: Can I give my beach hut to somebody without anyone having to pay tax?
Listen in for the answer.

Presenter: Paul Lewis
Producer: Paul Waters
Reporters: Dan Whitworth & Kafui Okpattah
10
NOV

The Cost of Inventing

How do you turn a brilliant idea into a usable and saleable product, what does it cost to protect your design and how do you get the funding to start production?

On Wednesday’s programme Adam Shaw speaks to independent inventors who've developed solutions to personal problems and now sell them worldwide.

If you’ve an experience or question you’d like to share we’d love to hear from you too. Tweet @Moneybox or e-mail moneybox@bbc.co.uk now

Presenter: Adam Shaw
Producer: Diane Richardson
Editor: Emma Rippon
06
NOV

Voucher fraud - how employers' social media can put staff at risk

We hear from a new starter whose boss asked her to buy £800 of vouchers - but it turned out to be a scam. Employers’ social media could be putting staff at risk from fraudsters, but to whom can victims turn for compensation? Dr Elisabeth Carter, criminologist and forensic linguist at the University of Roehampton tells us how scammers use a technique known as "genre mapping".

Many of us who are self-employed or with side hustles channel the income through our personal accounts, but as one Money Box listener and yoga teacher found out, it can lead to your personal account being suddenly frozen. Andy Chamberlain from IPSE - The Association of Independent Professionals and the Self-Employed - lays out account holders' rights.

If you're half of one of the almost one in 10 married couples with an age gap of more than 10 years, your pension could take a surprise hit in the event of your partner dying. Many pension schemes contain a discretionary clause known as the “young spouse discount.” One Money Box listener tells us how her pension was unexpectedly and substantially reduced when her husband of 40 years died - because he was 25 years older than her. We also hear from former pensions minister, Steve Webb, partner at the pensions analysts, Lane, Clark and Peacock.

Presenter: Felicity Hannah
Producer: Paul Waters
Reporter: Dan Whitworth
Researcher: Kafui Okpattah

8 episodes