In this discussion, guests Elsa Littlewood, a tax partner at BDO, and Kirsty Stone, a financial planner at The Private Office, illuminate the looming budget changes. They tackle listener concerns about potential tax hikes, particularly on capital gains and inheritance tax. The conversation delves into the implications of these taxes for higher earners and discusses the challenges of pension tax relief. They also offer insights on navigating financial anxiety in uncertain times, ensuring listeners are informed about their obligations and potential reforms.

In this insightful discussion, Dan Whitworth, a reporter specializing in Universal Credit, highlights a report urging the government to raise earning thresholds for benefits that support working families. Charles Randell, of the Financial Inclusion Committee, advocates for banking hubs to provide crucial assistance to communities hit by branch closures. Helen Thornley addresses potential tax changes in the upcoming budget, discussing implications for savers. They also touch on rising energy prices, offering listeners key financial strategies to navigate these challenges.

Tom Allingham from Save the Student and Kellie McAlonan, Chair of the National Association of Student Money Advisors, share their expert insights on the daunting financial landscape of UK higher education. They tackle the staggering average graduate debt of £48,500, analyze varying tuition fees, and discuss the emotional toll on students. The guests also uncover the strategies students employ to manage finances and stress the importance of research into funding options. Their candid conversation sheds light on the reality of student loans and the financial planning needed for university.

In this engaging discussion, Dan Whitworth, a Money Box reporter, sheds light on the staggering two billion pounds worth of discounts on water bills that low-income individuals are missing out on, with insights from Citizens Advice author Dave Mendes de Costa on the low uptake of social tariffs. David Sturrock addresses potential reforms in pension tax relief that could impact 11 million users of open banking, explained by John Somerville, who highlights its advantages and the concerns surrounding data sharing.

Sarah Thomas, Chief Executive of The Fostering Network, and Brenda Farrell, Head of Fostering at Barnardo's, dive deep into the financial landscape of foster care. They reveal that nearly 70,000 UK children depend on foster homes, yet payment structures vary wildly across local authorities, leading to financial strains. The emotional toll on foster carers is immense, as many struggle with low allowances and the complexities of taxes. Listeners gain insights into the pressing need for improved financial support, education, and lasting stability for both carers and children.

Caroline Abrahams, Charity Director of Age UK, sheds light on the harsh cuts to Winter Fuel Payments impacting disabled pensioners, revealing the financial strain and emotional turmoil they face. Vix Rodwell, Director of Ipsy, discusses the barriers self-employed individuals encounter in contributing to pensions, advocating for better support and reforms. They also explore the complexities of inheritance tax and the government's rising revenue concerns, prompting a vital conversation about financial security for vulnerable populations.

Raminta Diliso, Head of Gambling Related Financial Harm at GamCare, shares her insights on the alarming statistics of gambling-related debts affecting nearly two-thirds of helpline callers. The discussion highlights the precarious balance individuals face between enjoying gambling and its potential ruin. Personal stories reveal the emotional and financial toll of addiction, while experts stress the need for supportive recovery resources. The conversation emphasizes the critical role of community and professional help in overcoming the grip of gambling and rebuilding financial stability.

Dan Whitworth, a reporter known for his insightful field reports, dives into the impact of the Household Support Fund, sharing a heartfelt success story from a young recipient. Tim Rooney, CEO of Salad Money, sheds light on how excessive gambling is impacting loan applications, revealing that a third of applicants are being turned down. Peter Marland discusses the critical role of local authorities in distributing aid and the challenges posed by new fraud protection regulations. The conversation also touches on potential tax changes the government might implement.

Jonathan Broadbury, Policy Director at the National Day Nurseries Association, Lydia Hodges from Coram, and Claire Roberts, CEO of Kids Planet, dive into the impact of new childcare funding. They discuss the introduction of 15 funded hours of childcare for parents of children aged 9 months and the anticipated increase to 30 hours. The group addresses challenges in meeting demand, the financial strain on families due to rising nursery fees, and the importance of accessible childcare options. Furthermore, insights into Northern Ireland's new subsidy scheme highlight its potential benefits and concerns.

Many pensioners in England and Wales will lose Winter Fuel Payments this year. This annual payment had been universal and worth £200 or £300 pounds a year, depending on your age. From this winter it will be restricted to pensioners receiving Pension Credit or other means-tested benefits. The reason for means testing it this way is to save money - about £1.5bn each year. In a statement the government told us that "given the dire state of the public finances we have inherited, it’s right that we target support to those who need it most." So how will you be affected? The Department for Work and Pensions has urged people to check if they could be eligible for Pension Credit - you can check here: https://www.gov.uk/pension-credit-calculator.The Post Office handled a record amount of cash last month with customers either depositing or withdrawing more than £3.7bn. That new figure beat previous record highs set in May and April suggesting not only is there continued demand for cash, but that people are using Post Office branches more and more to get it. Dan Whitworth visits a branch in North Lincolnshire.And, what does the expansion of funded childcare hours for working parents mean for those who’re set to benefit? Presenter: Felicity Hannah Reporter: Dan Whitworth Researcher: Catherine Lund Editor: Jess Quayle(First broadcast 12pm Saturday 31st August 2024)