The Martin Lewis Podcast Question Time: Time to stop using my LISA? Are cashback & switch bonuses taxable? Are investments protected up to £85,000?
Nov 24, 2025
Dive into tips on getting hotel refunds for flight cancellations and understand the protection limits on investments versus savings. Discover whether it's wise to pause your Lifetime ISA contributions ahead of upcoming budget changes. Learn about the non-taxable nature of cashback and switch bonuses. Martin even shares his favorite music choices and how AI can help decode convoluted policy terms. It's an informative yet personal journey through financial queries and practical advice!
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Use UK-Regulated Platforms
- Check your investments are held through a UK-regulated platform to be eligible for FSCS protection.
- Keep holdings diversified because FSCS won't cover market losses or poor investment performance.
Platform Protection, Not Investment Safety
- FSCS protects platforms, not the investments themselves, so underlying assets remain at market risk.
- The £85,000 protection applies per person per UK-regulated investment firm and covers shortfalls if a platform fails.
Bad Advice Can Be Covered Too
- FSCS may cover claims for bad advice if the adviser goes bust and compensation is owed.
- The scheme's £85,000 limit currently applies to such platform-related shortfalls.