The Martin Lewis Podcast Millions can now reclaim student loans! | Savings safety limit to rise | Will energy prices go up?
Nov 20, 2025
Discover ways millions can reclaim overpaid student loans and the surprising nuances of repayment plans. Learn about rising savings protection limits and how they impact your finances. Martin predicts energy price cap changes and explores whether fixing tariffs now is wise. Tune in for light-hearted listener stories about the cheapest returns and a discussion on retail gift aid for charitable donations. Plus, insights into the complexities of energy billing and calls for social tariffs to better support vulnerable consumers.
AI Snips
Chapters
Transcript
Episode notes
Higher Savings Protection From December
- From 1 December the FSCS protection rises from £85,000 to £120,000 per person, per financial institution.
- Spread savings across different institutions and check which brands share the same protection to reduce risk.
Why The Price Cap May Barely Change In January
- The Ofgem price cap is mainly driven by wholesale costs and policy components, so short-term wholesale moves don't fully determine bills.
- Expect little change for January but bigger increases likely in April and July due to policy cost assumptions.
Fix Now To Beat The Price Cap
- The cheapest fixed tariffs are about 10% below the price cap right now, so switching to a fix typically saves money immediately.
- Lock in a fix now for savings through winter and likely into April and July, but check Friday's cap announcement first.