The Martin Lewis Podcast Question Time: Will ISA changes hit what I’ve saved? Safer to stick cash under the bed? A credit card for my eight-year-old?
Nov 3, 2025
Listeners dive into burning questions like whether proposed ISA changes will impact their savings and if it's wise to stash cash under the mattress. Martin reveals why giving your eight-year-old a credit card is a bad idea and suggests prepaid options instead. He also clarifies that making a car finance claim won't affect your current agreements. Plus, he explains the marriage tax allowance and shares his simple dinner recipe. Tune in for insights that could save you money!
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Keep Cash In Regulated Accounts
- Put spare cash in a UK-regulated savings account rather than hiding it at home.
- Banks protect deposits up to £85,000 and pay interest, while home cash risks theft and limited insurance cover.
Don’t Use Your Credit Card To Build Kid’s Credit
- Don't add a child to your credit card to build their credit history; it won't help.
- Use controlled prepaid or youth accounts (e.g., Starling Kite) to teach digital money management safely.
Start Digital Money Education Early
- Teach children digital money skills early using prepaid cards and controlled allowances.
- Give them responsibility and transparency around savings to build financial habits and trust.