Money Box

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)

This discussion dives into the complex world of side hustles and passion projects, revealing how many Gen Zs are pursuing creative careers alongside day jobs. Hear insights from an Olympian, a comic book writer, and a DJ navigating zero-hour contracts. Explore the balancing act between financial realities and artistic dreams, and the sacrifices needed to chase success. From funding options to navigating employment contracts, this episode highlights the resilience and determination needed to turn dreams into reality.

Nearly 10,000 people have needed free debt advice because of accidental overpayments by the Department for Work and Pensions in the past 12 months. That's according to figures from Money Wellness, a debt advice company which is funded by the government's Money and Pension Service. It says because most of its clients are low income households these debts can have significant knock-on impacts on the rest of their finances. The DWP says its staff work hard to support customers, and it's important to explore ways to reduce fraud and error so it can support the most vulnerable in society. What will the new Pensions Bill announced by the Labour government in the King's Speech mean for your finances? We'll discuss plans to bring small pension pots, which people get after short term jobs, together.Campaigners are calling for bereavement support payments to be extended for longer and for the amount given to families to rise with inflation. At the moment parents under pension age whose partner dies are entitled to bereavement benefits - as much £3,500 followed by 18 monthly payments of up to £350. The charity Widowed and Young would like those payments to be in place for longer. The Department for Work and Pensions told us that it knows losing a loved one is devastating and that it's committed to supporting those most in need through the welfare system. And what's the best way to pay while you’re on holiday abroad?Presenter: Paul Lewis Reporters: Dan Whitworth, Sarah Rogers and Jo Krasner Researchers: Immie Rhodes Editor: Jess Quayle(First broadcast 12pm Saturday 27th July 2024)

Felicity Hannah looks at giving someone Lasting Power of Attorney - that's the authority to manage your financial affairs in the event that you couldn't. What are they, how do they work and how much do they cost? This programme is dedicated to answering your questions. On the panel we have Sam Cox, knowledge officer from the Alzheimer's Society and Melinda Giles, partner and head of court protection at Giles Wilson Law.Presenter: Felicity Hannah Producer: Neil Morrow Editor: Jess Quayle(First broadcast 3pm Wednesday 24th July 2024)