36 min listen
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 Between April and June, 4 billion pounds was withdrawn from pensions by more than 500,000 people - 15% more than a year ago.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)
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 Between April and June, 4 billion pounds was withdrawn from pensions by more than 500,000 people - 15% more than a year ago.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)
What might negative interest rates mean for UK banking services?: Women's finances hit by Covid, negative interest rates and the psychology of spending. by Money Box