This is Money Podcast

On this special This is Money podcast episode to celebrate his 500th column as our retirement agony uncle, Steve Webb is back to answer your pension questions.
The former pensions minister joins Georgie Frost and Simon Lambert to talk through what he has learnt over those 500 columns and reply to the questions he has been sent in specially for this episode.

01:54 – The £118,000 state pension underpayment that exposed a huge scandal
05:01 – Inheritance tax: What's changing for pensions in April 2027?
07:39 – Will final salary pensions be caught by inheritance tax?
09:02 – How to make life easier for loved ones when you die
10:09 – Can you give money to relatives' pensions without paying inheritance tax?
12:07 – Gifting from surplus income: What records do you need?
13:47 – Can you access your pension at 55 without triggering a tax trap?
15:53 – Why is the private pension access age rising to 57?
19:19 – Tax-free lump sums: Can you take another 25% if your investments grow?
23:36 – Why is the state pension taxable when other benefits aren't?
30:54 – Is deferring your state pension for nine years a costly mistake?
33:31 – The McCloud ruling: Why are public sector pensions still delayed?
36:47 – What would Steve Webb change about the pension system?
38:37 – The biggest pension mistake people make
39:39 – Are you missing out on a better workplace pension?
41:19 – Why checking your pension paperwork could save you thousands
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Text us 020 7938 6000.

Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
Hosted on Acast. See acast.com/privacy for more information.

On this special This is Money podcast episode to celebrate his 500th column as our retirement agony uncle, Steve Webb is back to answer your pension questions.
The former pensions minister joins Georgie Frost and Simon Lambert to talk through what he has learnt over those 500 columns and reply to the questions he has been sent in specially for this episode.
Follow us on Instagram @dmgnewmedia.
Follow us on TikTok @dmgnewmedia
Follow us on X @dmgnewmedia
Email us hello@dmgmedia.co.uk
Text us 020 7938 6000.

Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
Hosted on Acast. See acast.com/privacy for more information.

There were a number of ways Kemi Badenoch could have tackled the much-hated issue of inheritance tax.
The Tory leader could have promised to cut the rate, remove gifting allowances from the deep freeze, raise thresholds, or stop pensions being pulled into the net.
Instead, she decide to announce family homes would be completely exempt under a Conservative government... and couples would still get to give away £1million tax-free on top of that.
Was that a good idea, or has Kemi just promised to make a bad tax even more complicated?
On this week's podcast Georgie Frost and Simon Lambert talk inheritance tax and as well as looking at Kemi's plan they discuss what you need to do to beat IHT now.
Plus, the Lifetime Isa is on the way out but savers are still being stung with penalties. Will the new first-time buyer Isa be an improvement.
In the stock market story of the week, Simon reveals why Tesco says it will be a less boozy Christmas.
We explain how to get a free will and what you should consider putting in it.
And finally, the new electric Jaguar has finally been revealed. It's very big, very fast and £120,000 - would you want one?

01:07 – Kemi Badenoch’s inheritance tax plans
08:25 – What can you do now to reduce an inheritance tax bill?
12:13 – The £3,000 gifting allowance and other gift exemptions
17:06 – Gifting out of surplus income
21:53 – Lifetime ISA penalties and the new First Time Buyer ISA
29:41 – Stock Market Story of the Week: Tesco, GLP-1s and alcohol
32:30 – Free Wills Month: why you need a will and how to get one free
38:39 – Jaguar’s £120,000 electric gamble
46:00 – Stat of the Week: families £2,900 worse off
Follow us on Instagram @dmgnewmedia.
Follow us on TikTok @dmgnewmedia
Follow us on X @dmgnewmedia
Email us hello@dmgmedia.co.uk
Text us 020 7938 6000.

Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
Hosted on Acast. See acast.com/privacy for more information.

The triple lock's days appear to be numbered. The Prime Minister Andy Burnham revealed bold plans to ditch the pension guarantee from 2030 and replace it with what has been dubbed a 'double lock' at the Labour party conference this week.

Is it the right move? Georgie Frost, Lee Boyce and Helen Crane discuss on this week's This is Money Podcast.

Elsewhere, Angela Rayner announced that councils could soon be allowed to take over empty buy-to-let properties, if they had been vacant for as little as six months. Helen explains EDMOs and who could be stung.

Fancy working for yourself? We reveal the ten most in-demand self-employed roles... plus what to do if you find out a colleague is being paid a lot more than you for doing something similar.

Finally, a new vape tax comes into force this week. What's changing, and will it really encourage people to kick the habit?

01:17 – Is the triple lock on the way out?
19:21 – State Pension myths busted
22:50 – Could councils take over empty homes?
30:00 – The most in-demand self-employed jobs
34:53 – My colleague earns £20,000 more than me – what can I do?
39:52 – The new vape tax: how much will it cost?
45:17 – Lee’s tip of the week
Follow us on Instagram @dmgnewmedia.
Follow us on TikTok @dmgnewmedia
Follow us on X @dmgnewmedia
Email us hello@dmgmedia.co.uk
Text us 020 7938 6000.

Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
Hosted on Acast. See acast.com/privacy for more information.

Could the personal allowance be raised to £15,570 in the Budget? That's the off the wall idea that emerged this week as a way of Labour nudging ahead if Andy Burnham called an early election.
The podcast team discuss that and Simon's idea for how you could start to reform the tax system.

Time stamps

00:06 – Coming up: personal allowances, energy bills, buy-to-let and working from home
02:01 – Could the personal allowance rise to £15,570?
12:13 – How could Britain fix its tax system?
18:52 – Why are UK energy bills so high?
26:17 – Stock market story of the week: Airtel Money’s London listing
27:47 – Can landlords still make money from buy-to-let?
30:47 – Airbnb cameras: what are the rules?
35:55 – Working from home: is it time to get back to the office?
45:45 – Simon’s stat of the week: the rising cost of diesel
Follow us on Instagram @dmgnewmedia.
Follow us on TikTok @dmgnewmedia
Follow us on X @dmgnewmedia
Email us hello@dmgmedia.co.uk
Text us 020 7938 6000.

Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
Hosted on Acast. See acast.com/privacy for more information.