Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Energy debt and Pension Withdrawals

Energy debt and Pension Withdrawals

FromMoney Box


Energy debt and Pension Withdrawals

FromMoney Box

ratings:
Length:
25 minutes
Released:
Nov 11, 2023
Format:
Podcast episode

Description

This week, the energy watchdog Ofgem released data showing energy debts reached £2.6 billion between April and June. It says the rise in debt was due to both the increase in wholesale energy prices and wider cost of living pressures. We'll get reaction to that figure from Octopus Energy, one of the UK's biggest suppliers.

More and more people are taking money out of their private pensions. Between April and June, 4 billion pounds was withdrawn from pensions by more than 500,000 people - 15% more than a year ago. What should you consider before you take money out of your pension?

And, two weeks before the deadline to get your paper tax return in, HMRC says it will take three weeks to post the form to you. What are your options if you still need to send one?

Presenter: Paul Lewis
Reporter: Dan Whitworth
Researchers: Sandra Hardial and Jo Krasner
Editor: Jess Quayle

(First broadcast, 12pm Saturday 14th October, 2023)
Released:
Nov 11, 2023
Format:
Podcast episode

Titles in the series (100)

The latest news from the world of personal finance plus advice for those trying to make the most of their money.