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Martin Lewis' Urgent Warning For Savers! | Good Morning Britain

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  • เผยแพร่เมื่อ 17 ส.ค. 2024
  • Martin Lewis issues an urgent warning and advice to those with savings as the Bank of England holds rates at 5.25%.
    Broadcast on 22/09/23
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ความคิดเห็น • 432

  • @seant6731
    @seant6731 10 หลายเดือนก่อน +44

    Martin’s good morning, is the same one I give, when someone schedules a 9am Zoom/Teams call. Doesn’t want to be there lol.

  • @balance3201
    @balance3201 11 หลายเดือนก่อน +29

    Quick guys get the 50 pence and lock it for a year.

    • @haydenharris3059
      @haydenharris3059 11 หลายเดือนก่อน +1

      Exactly 😂

    • @domm9616
      @domm9616 11 หลายเดือนก่อน +1

      What there accounts that have 4%, 5% out there and there save investments that better then it's been for years. Not quit what was in the 90s or 80s but still pretty good

    • @nameundefinedname5307
      @nameundefinedname5307 11 หลายเดือนก่อน

      🤣

  • @btlcreativemedia3038
    @btlcreativemedia3038 10 หลายเดือนก่อน +8

    Savings???.........I'm just here looking under the sofa for change to buy a bag of chips! 😂

  • @dirtydawg448
    @dirtydawg448 10 หลายเดือนก่อน +5

    Where was the urgent warning - I must have missed that point

  • @DF-dd5nf
    @DF-dd5nf 11 หลายเดือนก่อน +22

    I love Martin Lewis ❤❤❤. He is our hero. We are lucky to have him. He is our angel

    • @wilspu5590
      @wilspu5590 11 หลายเดือนก่อน +5

      Joke?

    • @fibromyalgia09
      @fibromyalgia09 10 หลายเดือนก่อน +5

      😂 He's set up by freemasons to tell you what to do with your money.. Symbolism will be their downfall.. He's no hero 😂

    • @wilspu5590
      @wilspu5590 10 หลายเดือนก่อน +3

      @@fibromyalgia09 👍

    • @Alibo400
      @Alibo400 10 หลายเดือนก่อน +1

      Please tell me this is sarcasm at its finest

    • @kevinsyd2012
      @kevinsyd2012 10 หลายเดือนก่อน

      Unfortunately too few people take Lewis' financial advice, then they run out of money and blame everyone else for their problems.

  • @JDRELGOR
    @JDRELGOR 11 หลายเดือนก่อน +12

    I'm not sure these presenters are worried about their money.

  • @howhistory5877
    @howhistory5877 11 หลายเดือนก่อน +20

    Which ever way you look at it, the value of your money is being lost hand over fist due to inflation. Also if inflation was 10% last year it only needs to be around 7-8% this year for goods to go up the same amount, then 5-6% the following year for the same effect. Yet they sell it as a 'reduction' in prices' Conned every way you can think of - Even the air is taxed now!!!!

    • @jamiekenleyuk
      @jamiekenleyuk 11 หลายเดือนก่อน

      not for investors.. im beating inflation by 6%

    • @Cs-rw3gj
      @Cs-rw3gj 10 หลายเดือนก่อน

      ​@@jamiekenleyukwhat are u invested in? If you would be kind enough to give a tip I would appreciate it. 😊

  • @veronicaboyce6794
    @veronicaboyce6794 10 หลายเดือนก่อน +3

    I’m not listening. I’m just here to read the comments 😂😂and they are entertaining 😂🤣🤣

  • @seant6731
    @seant6731 10 หลายเดือนก่อน +9

    The £500/£1000 tax free interest per tax band, needs to be increased. It’s outdated / too low.

    • @stephenderbyshire7849
      @stephenderbyshire7849 10 หลายเดือนก่อน

      I don't think I have heard Martin mention that the basic rate for savings is £5,000, if your other income is between £0 and £12,750, meaning you can earn £5,000 in savings interest before tax kicks in. From £12,750 to £17, 750 you can still earn £5,000 worth of savings interest, but every pound over the £12,750 eats into the basic £5,000 rate, so if your income, other than savings, was, say, £15,000, you would have used £2,250 of the £5,000 (from12,750 to 15,000) that you are allowed, leaving £2,750 (15,000 to 17,750) still
      tax free. Over £17,750 worth of income, gives you £1,000 worth of tax free savings allowance, but you can way up earning more than the £1,000 against the saving rates; HMRC just change your tax code to allow for that.y

  • @tonyadams8812
    @tonyadams8812 11 หลายเดือนก่อน +43

    Presenters earning £150,000 + a year talking about cost of living crises as if it effects them🤣🤣🤣🤣

    • @edc1569
      @edc1569 11 หลายเดือนก่อน

      That’s what professionals do.

    • @matthewbaker2573
      @matthewbaker2573 11 หลายเดือนก่อน +4

      well if you actually did something with your life, you could earn a large wage as well

    • @mozzimozzi10
      @mozzimozzi10 11 หลายเดือนก่อน +4

      Not sure why people who earn good money get slaughtered for it. This country is full of people earning low income pointing fingers at the people that earn well.

    • @matthewbaker2573
      @matthewbaker2573 10 หลายเดือนก่อน

      @@mozzimozzi10 the same people would be living under a bridge if they didn't get government handouts. There's only one person to blame for the amount of money one has. They can be found in the mirror. And that goes for every single one of us

    • @stirlingmoss9637
      @stirlingmoss9637 10 หลายเดือนก่อน +1

      Affects

  • @annecampbell9236
    @annecampbell9236 10 หลายเดือนก่อน +3

    Eh do they need two vacant s to read an autocue. Why not save one salary!

  • @nicholaspostlethwaite9554
    @nicholaspostlethwaite9554 11 หลายเดือนก่อน +8

    Rates will have to rise soon. This is a big mistake by the Bank as they always have a bad, and wrong, slow, too little, attitude. Rates ARE NOT HIGH! Not by a mile yet. Barely normalised yet.

    • @edc1569
      @edc1569 11 หลายเดือนก่อน

      They are very high for the level of debt that’s been accumulated/encouraged.

    • @matthewbaker2573
      @matthewbaker2573 11 หลายเดือนก่อน +1

      normalised? we've been living cheap for years - this is normal !

    • @nicholaspostlethwaite9554
      @nicholaspostlethwaite9554 10 หลายเดือนก่อน

      @@matthewbaker2573 No it is not. How can anyone be so short term thinking. Look at history. Not like there were not plenty warning and saying this is abnormal.

    • @nicholaspostlethwaite9554
      @nicholaspostlethwaite9554 10 หลายเดือนก่อน

      @@edc1569 Amount of debt is not relevant. It is like saying borrow vast amounts more and thinking it will make rates go lower !

    • @matthewbaker2573
      @matthewbaker2573 10 หลายเดือนก่อน

      @@nicholaspostlethwaite9554 look at history? we've had 10 years of low rates compared to previous years - you don't have a clue on what you are talking about

  • @ryanjackson4597
    @ryanjackson4597 10 หลายเดือนก่อน +6

    Thanks to the multi millionaire helping me to save £1.97

    • @a1white
      @a1white 10 หลายเดือนก่อน +2

      How do you think he became a millionaire? His advice is worth listening to

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      ⁠@@ryanjackson4597
      You tell how thick you are can’t even reply to comments
      No need to paste and copy his name 😂😂

  • @hiramabiff2017
    @hiramabiff2017 11 หลายเดือนก่อน +131

    Listening & taking notice of anything Good Morning Britain has to say regarding financial advice, is about as helpful to your life as hiring Jimmy Savile as a babysitter

    • @davidprosser4212
      @davidprosser4212 11 หลายเดือนก่อน +3

      Brilliant kid advice, have you thought of franchise this information out?

    • @originalforgery
      @originalforgery 11 หลายเดือนก่อน +2

      Lol - my thoughts entirely...

    • @hiramabiff2017
      @hiramabiff2017 11 หลายเดือนก่อน

      Then send Lewis your money....Put your money where your faith is..@@sue4337

    • @AntonyBall-hm4jo
      @AntonyBall-hm4jo 11 หลายเดือนก่อน +14

      So far, 24 have given Hiram the thumbs up with his comment - the first word that comes to mind is 'sheep' and the second/third is brain dead.

    • @jeffsimon9594
      @jeffsimon9594 11 หลายเดือนก่อน +4

      @@AntonyBall-hm4jo Yeah that's the NPC take on it alright

  • @mandytutt4732
    @mandytutt4732 11 หลายเดือนก่อน +28

    Love him ❤ he tells the truth

    • @samr8603
      @samr8603 11 หลายเดือนก่อน

      Never actually advises on investing though does he?

    • @bridiesmith5110
      @bridiesmith5110 11 หลายเดือนก่อน +2

      All his advice usually benefits those that have money.

    • @nigelwatson2750
      @nigelwatson2750 11 หลายเดือนก่อน

      @@bridiesmith5110 His advice normally makes poor people poorer. Martin Lewis is a highly reliable contraindicator. Whatever her says, do the opposite. th-cam.com/video/-RygZYHQSUE/w-d-xo.html

    • @wilspu5590
      @wilspu5590 11 หลายเดือนก่อน +3

      Wrong

    • @YoiAmGucci
      @YoiAmGucci 10 หลายเดือนก่อน

      his advice is mostly for definite outcomes and less risk like investments. I've had personal joy on Vanguard with the 100% equity, its the most risk (albeit a spread risk across markets) and I only invest each month what I can afford to lose. Its not get rich quick but has paid considerably better than any ISA, Current Account or Regular Saver.@@samr8603

  • @weld3z
    @weld3z 6 หลายเดือนก่อน +1

    90% worldwide following USA plus Bank of England

  • @sergeantmajorzero7482
    @sergeantmajorzero7482 11 หลายเดือนก่อน +10

    Saving is not a good idea in a debt based economy where the government can simply print money at will (quantitative counterfeiting/easing; take your pick). Assets, not cash.

    • @agfagaevart
      @agfagaevart 10 หลายเดือนก่อน

      yes but most cannot afford to buy houses at 0ver-inflated prices.
      cars are not a good investment.

  • @suewright1299
    @suewright1299 10 หลายเดือนก่อน +3

    Very many thanks Martin, the go to brilliant chap hubby and I always listen to 😊

    • @tj9382
      @tj9382 10 หลายเดือนก่อน

      Lol

  • @user-bx4rx3nh1q
    @user-bx4rx3nh1q 10 หลายเดือนก่อน +1

    If this video were a food, it'd be the sweetest treat!

  • @bridiesmith5110
    @bridiesmith5110 11 หลายเดือนก่อน +2

    Took my money out of premium bonds. Neither funds green issues.

  • @chriscurtain1816
    @chriscurtain1816 10 หลายเดือนก่อน +3

    Maybe there's actually many more people with debts than savings. The reason more people with savings phone in is because there's nothing much the people with debts can do about it.

  • @BillyBilly-ql3ut
    @BillyBilly-ql3ut 11 หลายเดือนก่อน +8

    Take cash from banks and transfer in to real assets like gold and silver… liquidity crisis incoming

    • @PeacockRhino
      @PeacockRhino 11 หลายเดือนก่อน

      The amount of money printing coming will reduce the pound to near worthlessness, because the only alternative would be to abolish the welfare state.

    • @agfagaevart
      @agfagaevart 10 หลายเดือนก่อน +1

      because gold and silver never reduces in value?
      TWICE in the US of A the people have had their gold stolen by their government.

  • @roofscoop66
    @roofscoop66 11 หลายเดือนก่อน +4

    Most ppl can't put a loaf on the table ! They talk about money on here like you can dig it up out of the garden ? Just not in the real world!!!

    • @Interdiction
      @Interdiction 11 หลายเดือนก่อน +1

      I know people who are obscenely wealthy to the point a new car is Nothing and by new I mean Range rover for their son who just started Uni .

    • @areyouserious3092
      @areyouserious3092 11 หลายเดือนก่อน

      ​@@InterdictionNot always Range Rovers, I had to make do with a Discovery.

    • @David-ed1jm
      @David-ed1jm 11 หลายเดือนก่อน

      ​@@areyouserious3092Or a Merc 😔

    • @nigelwatson2750
      @nigelwatson2750 11 หลายเดือนก่อน

      He's trolling you! Martin Lewis is a highly reliable contraindicator. Whatever her says, do the opposite. th-cam.com/video/-RygZYHQSUE/w-d-xo.html

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      @@areyouserious3092
      My god, how did you manage, did you receive counselling

  • @antoniopalmero4063
    @antoniopalmero4063 10 หลายเดือนก่อน +3

    With a million in the bank you will get about £1000 a week interest .😮

    • @SpeccyMan
      @SpeccyMan 10 หลายเดือนก่อน

      You would not keep a million in a bank when they only protect you up to £85,000.

    • @antoniopalmero4063
      @antoniopalmero4063 10 หลายเดือนก่อน

      @@SpeccyMan multiple accounts .

  • @sgsuper1150
    @sgsuper1150 5 หลายเดือนก่อน +1

    Video should be removed, information is wrong. 6.2 % ns&i is withdrawn. The limit is 85k for the guarantee like other banks.

  • @flesz_
    @flesz_ 10 หลายเดือนก่อน

    3 months ago i opened Atom saver, they had 6% for year or 5 for half
    I chose half as I might need money soon , getting over £100 a month from £25k

  • @paulhoward1493
    @paulhoward1493 11 หลายเดือนก่อน +13

    Who can afford to save?

    • @barukkazhad8998
      @barukkazhad8998 11 หลายเดือนก่อน

      This is the point....makes me mad

    • @David-ed1jm
      @David-ed1jm 11 หลายเดือนก่อน

      Me.

    • @nigelwatson2750
      @nigelwatson2750 11 หลายเดือนก่อน

      He's trolling you. Mock the peasants. Martin Lewis is also a highly reliable contraindicator. Whatever her says, do the opposite. th-cam.com/video/-RygZYHQSUE/w-d-xo.html

    • @XORTION
      @XORTION 11 หลายเดือนก่อน +1

      Mee 😅😅

    • @David-cm4ok
      @David-cm4ok 11 หลายเดือนก่อน +3

      You can’t afford not to mate. You must pay yourself first. Even if you only saved 50 quid a month, you’ll make it work.

  • @zorro6010
    @zorro6010 11 หลายเดือนก่อน +4

    Second round of inflation coming, look at oil price.

  • @stevenmoran4060
    @stevenmoran4060 10 หลายเดือนก่อน +5

    My warning would be ignore Martin Lewis all the time. Last winter I made money on my energy bill after running heating 24 hours a day! Reason was I had a fixed rate tariff he always says don’t do! Ended winter £250 better off because I ignored him!

  • @chris-vn6sw
    @chris-vn6sw 10 หลายเดือนก่อน +1

    I still recon it will go up again before the years end ! Fuel is still increasing at the pumps..

  • @SWR112
    @SWR112 11 หลายเดือนก่อน +20

    Well obviously it doesn’t impact anyone on screen 😂 who are millionaires. Don’t get me wrong I like Martin as he explains the complex financial world that most can understand. Bet there is another rise this year. Even I know NS&I is giving the best rate for a year. 👍 That £1000 tax free is pitiful and needs to go to £10k. People work hard to save and paid tax already most of the time working for it. It’s time our government that works so called for us gave us a break. Working out Tax is too complicated for most pensioners and families try there best to look after loved ones accounts, what they going to do chase down 70 year plus for not paying the right tax. Martin could restructure our tax and savings laws than the clueless we have.

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน +1

      How many people in the the real world are going to have enough saved to make 10k in interest
      So the way the Government will look at that if your earning more than 10k per year in interest you don’t need a helping hand
      A definitely policy vote loser

    • @kevinsyd2012
      @kevinsyd2012 10 หลายเดือนก่อน

      Before the wave of rate hikes you needed ca £100,000 in a savings account to receive more than £1,000 in interest. So effectively nobody paid interest on their savings. Why increase to £10K? It just seems like a random figure you've plucked out of the air.

    • @supersuede91
      @supersuede91 10 หลายเดือนก่อน +1

      Why increase it? Because interest rates are different to 2016. If you don't do that it means taxes are going up effectively, look up "fiscal drag" - its taxation without representation.@@kevinsyd2012

  • @TheVicho25
    @TheVicho25 11 หลายเดือนก่อน +7

    Educate yourselves... there's a lot of content out there that explains how to get a handle on personal finance. A little each month can compound over time.

  • @marklawrence909
    @marklawrence909 11 หลายเดือนก่อน +40

    There is a recession, they just haven't announced it because it will cause many to stop spending and make it much worse. I go on RightMove every day (I am a developer) and all you see is prices 'reduced today'. Many builders I know have no work lined up, are losing jobs that were booked months ago. I'm also into restoring classic cars and they are not selling, unless stupid low prices. These are a luxury, but even so, many every day items as 'treats' are not selling either and people are tightening their belts. You can thanks lock downs, furlough payments, and idiot scumbag politicians for funding migrants, the Ukraine war (which we should NEVER have become involved) and other ventures that destroy the economy. This clown Lewis is knowledgeable but not always right.

    • @exploringsuffolk
      @exploringsuffolk 11 หลายเดือนก่อน +1

      I'm seeing similar with trades

    • @ploppyboothanger4648
      @ploppyboothanger4648 11 หลายเดือนก่อน +18

      If you are a property developer you helped create this mess by gross over charging for decades. Doesn't it hurt when you have killed the golden goose and your customers can't afford you anymore? Sympathy=0

    • @dh4rms
      @dh4rms 11 หลายเดือนก่อน +4

      Hes trying to get people into fixed rate knowing full well interest rate is about to spike higher

    • @zafster22
      @zafster22 10 หลายเดือนก่อน

      @@ploppyboothanger4648
      Absolutely. I’m hoping for a big crash and reset in house prices.
      4 times the amount of the ‘higher rate tax threshold’ should comfortably buy you a nice spacious 4-5 bed family home as it would have done a few decades ago

    • @GazRsExtremeBrickMachines
      @GazRsExtremeBrickMachines 10 หลายเดือนก่อน +2

      Indeed It’s a short sighted view with the recent oil prices going above $90 again. It’s forecast to go quite a bit higher too!
      This will once again trigger double digit inflation and better saving rates(eventually)

  • @BIJOU167
    @BIJOU167 11 หลายเดือนก่อน +5

    Anyone else fed up of this millionaire telling us how to save pennies? May as well be Oprah, so patronising.

    • @nigelwatson2750
      @nigelwatson2750 11 หลายเดือนก่อน

      Mock the peasants. Martin Lewis is a highly reliable contraindicator. Whatever her says, do the opposite. th-cam.com/video/-RygZYHQSUE/w-d-xo.html

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      Some people are just beyond help, or maybe just so bitter

  • @ThePolaroid669
    @ThePolaroid669 11 หลายเดือนก่อน +3

    It's hardly a warning. interest rates go up/down. nothing new.

  • @fredflintstone1428
    @fredflintstone1428 10 หลายเดือนก่อน +8

    Bank pays 5% while real inflation runs at least 10% or more. Great advice from Lewis.

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      So what’s yours, clever ##nt

    • @sergeantmajorzero7482
      @sergeantmajorzero7482 10 หลายเดือนก่อน +1

      NatWest are only offering 5% on the first £1500 of your balance, anything above that is 0%

    • @rickconstant6106
      @rickconstant6106 10 หลายเดือนก่อน +1

      @@sergeantmajorzero7482 High street banks always want your money for nothing.

    • @antoniopalmero4063
      @antoniopalmero4063 10 หลายเดือนก่อน

      @@sergeantmajorzero7482 Halifax 5.35% 1 year fix .

    • @therobsterisalobster
      @therobsterisalobster 10 หลายเดือนก่อน +5

      Better though to have your money earning 5% with a 5% loss in real terms then not bothering and having it erode at a 10%. With high inflation it is even more important than ever during these times to minimise the rate at which inflation is impacting your savings, plus the stock market isn't currently in the best place and it isn't suitable for everyone so you have to make the best of what options are available to you

  • @davidbox3220
    @davidbox3220 11 หลายเดือนก่อน +2

    Do monthly interest on a isa ,which is paid into current account count towards the £1000 interest before tax

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      Yes because you’ve withdraw it from the ISA and put it in a current account

    • @SpicyPumpkin99
      @SpicyPumpkin99 10 หลายเดือนก่อน +1

      @@macsmith6216 obviously this is incorrect.

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      @@SpicyPumpkin99
      Please enlighten me

  • @Tonk1e
    @Tonk1e 10 หลายเดือนก่อน

    Costco sold gold bars yesterday in the USA they sold out within hours. 2000 dollar gold bars. If that doesn't show you what your money will ne worth in a few months I do t know what will. Do NOT save, buy assets. While this restricts your cash flow so be it worth it when this fiat system crashed and burns

  • @RcNerd
    @RcNerd 11 หลายเดือนก่อน +6

    Anything these goons say ignore. Banks are safe more scaremongering into a cashless society

  • @stevosd60
    @stevosd60 11 หลายเดือนก่อน +2

    All this to save 2p.

  • @livingart2576
    @livingart2576 10 หลายเดือนก่อน +1

    I don’t understand people that save cash in their current accounts. The interest earned is nearly none existent. Their money is eaten away by inflation day after day.
    Personally I invest in the stock market but bonds are another option. At least get yourself a higher interest account!
    Gold and silver are also a great way to hedge against inflation.
    Do your research first.
    Nobody should be saving or investing while they are paying off high interest debt. Sort that out first 👍

  • @EveLovesChristJesus
    @EveLovesChristJesus 10 หลายเดือนก่อน +2

    You will own nothing and be happy - Klaus Schwab

  • @Gem_ini
    @Gem_ini 10 หลายเดือนก่อน +9

    What he hasn’t mentioned, is that there’s no point in putting your money in a savings account at these rates because inflation and tax will just gobble up any gains you make 😅! Even if you put it in an ISA, inflation will outstrip any gains.

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน +3

      So what do you suggest, you slag him off but don’t give us your wisdom, you can get 6% tax free from an ISA
      So if that’s a 💩investment, where do you put it then

    • @a1white
      @a1white 10 หลายเดือนก่อน +3

      Work out basic maths. If you don’t put it in savings and interest is 7% you’ll lose 7% a year. If you put it in the account he mentions you’ll lose just 0.8% after inflation (providing you don’t go over the tax allowance, you have, that he mentions.

    • @superstarshaker7402
      @superstarshaker7402 10 หลายเดือนก่อน

      @@macsmith6216.. I’d recommend vapes. I sell £8,000 a week, that’s £4K a week profit

    • @therobsterisalobster
      @therobsterisalobster 10 หลายเดือนก่อน +1

      Yes, totally agree it is a flawed logic to say there is no point saving. Whilst inflation is high it is more important them ever to find the best savings rates to minimise the extent to which inflation erodes the real value of your savings!

  • @cheds1
    @cheds1 10 หลายเดือนก่อน +1

    Invest in precious metals simple.

  • @TransitionedToAShark
    @TransitionedToAShark 10 หลายเดือนก่อน +1

    I’ve been away for a bit. Where’s phill and holly

    • @seant6731
      @seant6731 10 หลายเดือนก่อน

      Brilliant. 😂

  • @jh-one
    @jh-one 10 หลายเดือนก่อน +3

    Don’t save , if you have money , invest a chunk in physical gold and silver to preserve value . The pound is going down the drain . It will be in parity with the euro and the dollar shortly .

  • @NewComedyMan
    @NewComedyMan 10 หลายเดือนก่อน

    I followed Martin's advice but unfortunately NS&I have absolutely crap IT - like ALL government institutions!

  • @two20john
    @two20john 10 หลายเดือนก่อน +1

    Does Martin Lewis ever give a warning that isn't urgent? Personally, I find his act increasingly hysterical and tedious.

  • @christyvanderbilt17
    @christyvanderbilt17 11 หลายเดือนก่อน +1

    NS&I is a bond, not an ISA so you have to pay tax on it...

    • @chhitijpahari1011
      @chhitijpahari1011 11 หลายเดือนก่อน

      All your winnings from premium bonds are literally tax free

    • @XORTION
      @XORTION 11 หลายเดือนก่อน

      Until the bond market collapses, literally a few weeks ago the government had to bail out, again.. wait for pensions to pop

    • @christyvanderbilt17
      @christyvanderbilt17 10 หลายเดือนก่อน +1

      @@chhitijpahari1011 LOL a bond is not a premium bond-it's a fixed rate, locked savings account...

    • @giotto4321
      @giotto4321 10 หลายเดือนก่อน

      ​@@XORTIONThink you're misunderstanding the term 'bond' in this context.

  • @davidashton5901
    @davidashton5901 11 หลายเดือนก่อน +1

    Slow to put them up quick to drop them.

  • @prideofdurham4776
    @prideofdurham4776 10 หลายเดือนก่อน +1

    Cannot save if you have nothing.

  • @garyspink8320
    @garyspink8320 7 หลายเดือนก่อน

    Put it under your mattress no inflation there keeps it flat !

  • @mrszee951
    @mrszee951 10 หลายเดือนก่อน

    not seeing this 7.25 anywhere

  • @andyw664
    @andyw664 10 หลายเดือนก่อน

    This is going tro be amazing for all those middle class that had money and were given 2 years more by Boris free of charge. For the rest, we we're told to get on UC instead, no furlough for us, we had to spend our savings and now have nothing. So the ones with money, again, can get to yet more money. When are they going to do something for the people at the bottom of the ladder living from UC payment to payment? Things keep going up... apart from the help and the wages offered of course. We're getting nailed to the cross down here. I live in the car because it has better heat than the house. Moving around the house I use the torchlight on my phone instead of the house lighting I can no longer afford. People like us can't save - we were forced to spend it all to get by until there's nothing left. I say roll on universal income.

  • @davidkirk6249
    @davidkirk6249 10 หลายเดือนก่อน +1

    They'd be better talking about an imminent ww3, and giving advice on how to survive.

  • @seanbrennan4447
    @seanbrennan4447 11 หลายเดือนก่อน +6

    Savers . Shows they are not in the real world,so many using there overdrafts and credit cards just to survive with inflated prices .😖

    • @keith8609
      @keith8609 11 หลายเดือนก่อน +5

      The people in poverty thing is over done the airports are packed with people jetting off abroad on holiday spending it large

    • @seanbrennan4447
      @seanbrennan4447 10 หลายเดือนก่อน

      So people going on planes means everyone is well and not in debt .Here is a stat outstanding credit card debt came to £66.4 billion, an increase of 8.2% (£5.0 billion) in the year to June 2023 ,and if you look at the amounts for energy regulator Ofgem, reveals that total debt owed by households grew by 43% to £2.5 billion.But I guess this means nothing as airports are full .@@keith8609

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      Savers, that will be 61% of the population

    • @seanbrennan4447
      @seanbrennan4447 10 หลายเดือนก่อน

      so thats only 27million that dont have savings then🤔@@macsmith6216

    • @agfagaevart
      @agfagaevart 10 หลายเดือนก่อน

      @@macsmith6216
      Says who?
      “Around 80 per cent of individuals and UK customers and families
      have less than £500 worth of savings in their current account and
      their savings account.”
      CITI BANK.

  • @100musicplaylists3
    @100musicplaylists3 11 หลายเดือนก่อน +3

    does he mean savers or survivors?

  • @mrcool2457
    @mrcool2457 10 หลายเดือนก่อน +1

    The Bank Has Spent all your money on the War In Ukraine 🤷🏻‍♂️

  • @SimonJennings-qe4im
    @SimonJennings-qe4im 10 หลายเดือนก่อน

    Who actually watches Good Morning Britain? Its like children's TV for unemployed and retired adults

  • @Theroyski
    @Theroyski 11 หลายเดือนก่อน +2

    " a cash isa is just a savings account that you don't put money in"

    • @seant6731
      @seant6731 10 หลายเดือนก่อน +1

      They really should have interjected to correct him.

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      It’s tax free ya clown

    • @SpeccyMan
      @SpeccyMan 10 หลายเดือนก่อน

      I thought that was odd myself since I've been putting money in mine for a couple of years. Maybe I dreamed it?

  • @lylahale5284
    @lylahale5284 11 หลายเดือนก่อน +2

    money is just "Life Tokens"...people invest and are always looking for loopholes to make more and worry about financial markets, when at the end of the day, you die and nothing is yours, all your "possessions" move on and all that "chasing your tail" is meaningless !

    • @CrazyTobster
      @CrazyTobster 11 หลายเดือนก่อน

      No, they don't. Not the ones who know what they're doing.
      The S&P 500 is volatile, but it consistently trends upward. Over 20 years, throughout history, everyone has seen gains; no one has incurred losses.
      This likely holds true for all major index funds like the Nasdaq. I'm focusing on the S&P 500 because it's the most renowned and has a long enough track record to confidently assert that historically, everyone has profited from it if they haven't withdrawn their investment for 15 to 20 years. You'll almost certainly see gains after just 5 years. However, the sweetest spot for most people is the 20-year mark, where they tend to maximize their profits, probably because we can't live forever. :-)

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      Try living without your “life tokens “

    • @rickconstant6106
      @rickconstant6106 10 หลายเดือนก่อน +1

      But it's useful to be able to buy luxuries like food, so you can survive.

  • @coderider3022
    @coderider3022 4 หลายเดือนก่อน

    You should use money markets via a stocks and shares isa or 1 year uk gilts in general investment accounts

  • @ovariantrolley2327
    @ovariantrolley2327 10 หลายเดือนก่อน

    Luxury cars not selling would mean the very rich have lost all their money. Hasnt happened so why do you think they arent being sold.

  • @DailyCorvid
    @DailyCorvid 11 หลายเดือนก่อน +8

    Quick make sure you don't miss out on all of about 63p a year!!!
    *_Smug emoji_*

    • @a1white
      @a1white 10 หลายเดือนก่อน +2

      Actually it’s £62 on a £1000 saving, but go ahead be ignorant

  • @juliestapleton589
    @juliestapleton589 10 หลายเดือนก่อน

    Is anyone else having difficulty opening the growth account mentioned? My partner is savvy, and has attempted to click through the online application 5 x now. Gets a long way through, then clicks the 'next' button and it insists he's hit 'back' and it takes him right back to the beginning! He's so frustrated with it! Anyone else having this problem? Any tips?

  • @lizprice3948
    @lizprice3948 10 หลายเดือนก่อน

    Martin is scaring me with that moustache!!!

  • @ET76001
    @ET76001 11 หลายเดือนก่อน +5

    6.2% nsni top rate by the time you paid your tax it will be nearer 3.5% ....

    • @terrybooya6132
      @terrybooya6132 11 หลายเดือนก่อน +3

      He said you won’t get taxed under £ 1,000 also said if you put away 15/16k that should get you the £1,000

    • @tonyadams8812
      @tonyadams8812 11 หลายเดือนก่อน

      @@terrybooya6132 £1,000. whoop-de-doo ! I can put down a 20% deposit on a house that I want to buy!.....Oh wait

    • @rvp589
      @rvp589 11 หลายเดือนก่อน

      I must be missing something... 6.2 less 20% tax equates to 4.96% which means you pay tax and after paying tax you still earn more in interest nett than most cash ISA...
      The real question is....WHY DO CASH ISAs pay such a low rate... for what reason??????
      Where do you get 3.5% from !!!!.
      In addition you can have £1000 of interest tax free... also its counted as income which means if its your only income then you can save upto the tax threshold plus the 1000 without paying tax on it.

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      @@rvp589
      If it’s your only income you can claim
      Those who earn £12,570 or less receive an extra £5,000 tax-free allowance through the “starting rate for savers” which means they can save much more before paying tax.

    • @charlesfrost9831
      @charlesfrost9831 10 หลายเดือนก่อน

      @@rvp589depending on your marginal rate of tax (20%, 40%, 45%) it could be nearer or further away than 3.5%

  • @matthewbaker2573
    @matthewbaker2573 11 หลายเดือนก่อน +2

    don't put your money in savings - buy gold - seriously, you'll earn more through inflation than you will do with savings - and it's tax free

    • @agfagaevart
      @agfagaevart 10 หลายเดือนก่อน

      good luck buying your groceries with gold.

    • @matthewbaker2573
      @matthewbaker2573 10 หลายเดือนก่อน

      @@agfagaevart duh. Sell it beforehand. What a div

    • @therobsterisalobster
      @therobsterisalobster 10 หลายเดือนก่อน

      I'm always a bit sceptical about gold in case you're buying top of the market. The spot price is historically high as investors flock to it as a safe haven asset timing is arguably more important than for example equities given the price of gold fluctuates greatly over long periods and does not necessarily have a steady upwards trend.

    • @matthewbaker2573
      @matthewbaker2573 10 หลายเดือนก่อน +1

      @@therobsterisalobster gold has only gone up since records started keeping tabs. yes its dropped a bit in fluctuations, but in all its only gone up. check gold live price charts and see for yourself

    • @agfagaevart
      @agfagaevart 10 หลายเดือนก่อน

      @@matthewbaker2573
      if you get the chance to even sell it.
      If it isn't devalued.
      you'll be the div in the end.
      :-0

  • @johnoleary9317
    @johnoleary9317 11 หลายเดือนก่อน +1

    33 trillion debt usa
    UK debt 4 trillion
    Not me....

  • @stuartlawson7977
    @stuartlawson7977 10 หลายเดือนก่อน +1

    Mr Doom&Gloom.

  • @Warzy81
    @Warzy81 11 หลายเดือนก่อน

    Rates are going to negative !!

  • @Paul-zz1cr
    @Paul-zz1cr 11 หลายเดือนก่อน +2

    It's always urgent. 😂😂

  • @maxdamage2U
    @maxdamage2U 10 หลายเดือนก่อน

    Shame to see Martin Lewis still on the MSM

  • @bryanellery100
    @bryanellery100 11 หลายเดือนก่อน +2

    6.2% interest on unlimited amout (nearly) v good deal!

    • @Felix-rising
      @Felix-rising 11 หลายเดือนก่อน

      How is it a good deal ? It’s just a bank that realised its got no cash flow. Far better deals abroad. Tbh I don’t rate this guy anyway , he has a degree in stating the bloody obvious.

    • @Lotrhome154
      @Lotrhome154 11 หลายเดือนก่อน

      @@Felix-rising zero risk and 6.2% isn’t good? Your mad. Don’t rate Martin Lewis? The guys is worth over £100m and helps people save pennies the guys pretty decent, not many other millionaires give a sh!t about poor people

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      @@Felix-rising
      Really so how are you getting your money back in without paying tax

    • @a1white
      @a1white 10 หลายเดือนก่อน

      @@Felix-risinggo on then where can we get better?

  • @GeorgeAusters
    @GeorgeAusters 10 หลายเดือนก่อน +1

    Nobody is getting wealthy from savings accounts

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      Depends on how much you have

    • @SpeccyMan
      @SpeccyMan 10 หลายเดือนก่อน

      Sad but true. My little nest egg earned me the princely sum of £11.28 last financial year. I earned more in Nectar points (£57.50) in the last year. 🤣

    • @GeorgeAusters
      @GeorgeAusters 10 หลายเดือนก่อน

      Start investing.. you’re only going to lose money on savings

  • @melike1984
    @melike1984 10 หลายเดือนก่อน

    inflation has not gone yet ! interest rates are not coming down yet...

  • @OptimisticHominid
    @OptimisticHominid 10 หลายเดือนก่อน

    Brexit continues to fix everything, good and proper.

  • @maxwolfe7194
    @maxwolfe7194 10 หลายเดือนก่อน

    Which leaves the UK Media with no source of finance.😂😢😮😅😢😊❤❤

  • @thewildgoose7467
    @thewildgoose7467 10 หลายเดือนก่อน

    It's funny seeing people talk about money and inflation when they have no idea what either actually is

  • @mkoschara
    @mkoschara 11 หลายเดือนก่อน +1

    Sir Martin Lewis.

  • @johnlesoudeur3653
    @johnlesoudeur3653 11 หลายเดือนก่อน +2

    He has a old hedgehog on his face...or is it a subliminal message for savings on shaving.

  • @davidhorn6008
    @davidhorn6008 10 หลายเดือนก่อน

    Granddad say's "just for you people whom can operate a computer"

    • @SpeccyMan
      @SpeccyMan 10 หลายเดือนก่อน +1

      Grandad is wrong because it is who and not whom.

    • @davidhorn6008
      @davidhorn6008 10 หลายเดือนก่อน

      Thank You, You didn't have to advertise Your ignorance to the world!

    • @keepingitreal618
      @keepingitreal618 10 หลายเดือนก่อน

      @@davidhorn6008you mean your ignorance don’t you 😂

  • @caldwellfisher5288
    @caldwellfisher5288 11 หลายเดือนก่อน +34

    Listen to this guy waffle on for hours, and you might save £3.37p a year if you've got thousands in savings already.

    • @kaikai-pb7fh
      @kaikai-pb7fh 11 หลายเดือนก่อน +1

      accurate

    • @alwaysright429
      @alwaysright429 10 หลายเดือนก่อน

      ​@macsmith6216 who said he listened, dopey?
      I'm here just reading comments. I haven't hit play coz I can't stand the bloke.
      Is that OK?

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน +2

      @@alwaysright429
      So you’re just here to get a reaction
      Totally understand now, you really are a W⚓️

    • @a1white
      @a1white 10 หลายเดือนก่อน +4

      I guess you can’t do maths then. If you have £2,000 in savings the rate he’s mentioning will give you £124 a year. Mock if you want, but I’ll take that.

    • @caldwellfisher5288
      @caldwellfisher5288 10 หลายเดือนก่อน +5

      @@a1white £3.37 is a metaphor for how little it matters. Its the difference between the "rate" you have already got /or found, (the average bank rate even ) against what ever it is he waffles on about at any given moment or topic.. I.E the difference is not worth getting your nickers in a twist about. Especially if you have a spare few grand knocking about. Its the equivalent of saving up money off tokens and researching for hours to get 10p off a tin of beans.

  • @CrustyRestorations
    @CrustyRestorations 10 หลายเดือนก่อน

    Martin Lewis never talks about financing on solar, battery, heat pumps...🤔

  • @sebluketravis2438
    @sebluketravis2438 10 หลายเดือนก่อน

    *great with money aren't they*

  • @roypowell3450
    @roypowell3450 10 หลายเดือนก่อน

    Shock horror!!😮

  • @camo68
    @camo68 11 หลายเดือนก่อน +2

    I listened to him once when energy bills first went through the roof
    NEVER AGAIN ,HE SOMHOW ENDED UP COSTING 6 WEEKS
    ON NEXT BILL..
    STATE FUNDED CONMAN
    BET HE WINS MORE OFTEN THAN YOU DO😂

    • @alwaysright429
      @alwaysright429 10 หลายเดือนก่อน

      All the upper comments think the sun shines out of his arse.
      He's a crook!
      He's a smug crook that's coining it in

  • @deejohn1659
    @deejohn1659 10 หลายเดือนก่อน

    Is Martin morphing in to Alex Belfield?
    How are people even saving in these hard times?

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      61% of the population are
      Don’t believe all this vast majority of the population we can’t feed ourselves,

  • @John_259
    @John_259 11 หลายเดือนก่อน

    The NS&I account can only be funded by means of a debit card, and typically debit cards have a limit of £10,000 per day. However, you can open as many accounts as you wish on successive days, provided NS&I don't withdraw the offer.

    • @seant6731
      @seant6731 10 หลายเดือนก่อน

      Why would you open multiple accounts?

    • @John_259
      @John_259 10 หลายเดือนก่อน

      @@seant6731 If you wish to save more than your debit card daily limit. You can only make one deposit per account.

    • @JohnnyMotel99
      @JohnnyMotel99 10 หลายเดือนก่อน +1

      I just transferred 20k into a 6.2% NS&I account last night, no restrictions on my Nationwide account.

  • @seanyd5698
    @seanyd5698 11 หลายเดือนก่อน +1

    Savings 😂😂😂😂😂😂

  • @elvisthewart670
    @elvisthewart670 11 หลายเดือนก่อน +2

    Put a million pounds in,think im on the wrong channel.

  • @wallace-bv4rl
    @wallace-bv4rl 10 หลายเดือนก่อน

    Don’t like the suggestion in the first half of this. If everyone was to play the system as suggested the banks would move the goalposts. It’s stealing in actual fact. So immoral advice from Martin imo

  • @beau6284
    @beau6284 11 หลายเดือนก่อน

    So confusing

  • @britishbeef6178
    @britishbeef6178 10 หลายเดือนก่อน

    Are you able to have 2 Guaranteed Bonds accounts on the same account?

  • @scottmitchell4950
    @scottmitchell4950 11 หลายเดือนก่อน +1

    Regardless of interest rates savings accounts are a complete waste of time, spend some time researching other investments

  • @youarewhatyouare
    @youarewhatyouare 10 หลายเดือนก่อน

    Give us break .stop your paid to worry people

  • @aaronswift7575
    @aaronswift7575 10 หลายเดือนก่อน +8

    Martin lewis the kind of guy who disappears when it's his round on a night out

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน +4

      Yea that’s why he gave £10 million to charity
      Jealousy is a horrible affliction

    • @aaronswift7575
      @aaronswift7575 10 หลายเดือนก่อน +3

      Jesus Christ I bet your a barrel of laughs to be around 🤣 it was a joke but on the other hand what kind of person is watching Martin Lewis videos at 6am on a Sunday 🤣

    • @alwaysright429
      @alwaysright429 10 หลายเดือนก่อน +2

      ​@@aaronswift7575how dare you joke on a Sunday morning!

    • @macsmith6216
      @macsmith6216 10 หลายเดือนก่อน

      @@aaronswift7575
      You’ve an awful long way to go if you think you’re funny, a joke, herpes is funnier then you
      Who says I’m in Great Britain

    • @TheytellToomanylies
      @TheytellToomanylies 10 หลายเดือนก่อน

      @@macsmith6216 ahh,the veil of charity is a good one to hide behind. Probably the best

  • @Professional_Youtube_Commenter
    @Professional_Youtube_Commenter 11 หลายเดือนก่อน

    we need those savings rates to reduce so those people sitting on large deposits can use their money to buy up those properties getting sold off by BTL landlords.

    • @agfagaevart
      @agfagaevart 10 หลายเดือนก่อน

      Not unless the house prices come down as well.

    • @Professional_Youtube_Commenter
      @Professional_Youtube_Commenter 10 หลายเดือนก่อน

      @@agfagaevart houses are cheap for cash buyers, they're expensive for people who want them from mortgages.

    • @agfagaevart
      @agfagaevart 10 หลายเดือนก่อน

      @@Professional_TH-cam_Commenter
      Oh yeah right great! As if most people are "cash buyers". even most news cars are financed. :-/

    • @Professional_Youtube_Commenter
      @Professional_Youtube_Commenter 10 หลายเดือนก่อน

      @@agfagaevart who said most? there are people out there who have cash, property prices in London are falling about £50K since January so far on average. I know 2 cash buyers waiting for the price to drop more before they scoop up rental property from btl investors.

    • @agfagaevart
      @agfagaevart 10 หลายเดือนก่อน

      @@Professional_TH-cam_Commenter
      Lucky you! I know a lot of folks who cannot afford to buy, are not sitting on piles of cash waiting for house prices to fall. People who can just about pay their rent! Hard for you to believe, but it true!

  • @JackKing12.
    @JackKing12. 11 หลายเดือนก่อน

    Lock it in...

  • @fox39forever
    @fox39forever 10 หลายเดือนก่อน

    Can't believe the fakery of all this and that I fell for watching mainstream media, because it popped-up on youtube. Those presenters are beyond cringe, for a start.