How to make the most of saving and investing into an Isa

The Bank of England held the base rate again on Thursday but mortgage rates have soared this week.Major lenders have made a wave of hikes and there are warnings that more are on the way, so what's going on?Is this just another temporary spike as the mortgage market throws one of the wobblies we've seen a number of times in recent years or serious bad news, with rates set to stick higher?On this week's podcast, Georgie Frost, Lee Boyce and Simon Lambert discuss interest rates, what this could cost people and what you can do if you need to remortgage.Plus, what does this all mean for gilts and the Budget and did the Bank of England quietly make a decision that could make things materially better?With more investors buying gilts direct, should you take advantage of the higher rates on offer and how do you invest in UK government bonds?Or should you choose a fixed rate savings account at 5.2 per cent instead.A This is Money reader question highlights the worst inheritance tax trap that lies at £2million.And finally, would you do a Rokos and move to Greece – and other than the weather what are the attractions?Helpful linksTo check the best mortgage rates you could apply for go to www.thisismoney.co.uk/mortgage-finderTo check the best savings rates go to www.thisismoney.co.uk/saveRead Joanne Hart's guide to investing in giltsTIME STAMPS00:00 Welcome to the podcast 00:52 Interest rates held – so why are mortgages getting more expensive? 03:30 Mortgage rates are rising again: how bad could it get? 06:22 From 0.99% to 4.88%: the remortgage shock facing borrowers 10:57 Savings rates are back above 5% – should you lock in? 18:05 Five-year fix or invest instead? 19:43 Gilts 101: what are government bonds and how do they work? 24:24 Why are gilt yields so high – and how do they compare with savings? 27:18 How do you actually buy gilts? 29:59 Inheritance tax: could a £2m estate lose the home allowance? 33:07 Pensions and inheritance tax: what changes from April 2027? 36:02 The inheritance tax trap that could produce eye-watering tax rates 39:48 Why are wealthy Britons moving to Greece? 41:59 Greece's tax breaks – and who can benefit 42:08 Thinking of moving to Greece? What you need to consider 47:20 Seven energy deals that could beat the price cap rise 48:04 That's all for this weekFollow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

Retiring early, making your time your own and sticking it to the man is something many of us will have dreamed of.But what would it take you to get there and how much would you need to start investing now depending on your age and when you want to kick back?On this episode of the This is Money Podcast, Georgie Frost, Lee Boyce and Simon Lambert look at the early retirement dream. Is it realistic, what do you gain and what do you give up, and why is it vitally important for some to use an Isa as well as a pension?One thing hampering many of our saving efforts is the cost of living and now inflation warnings are coming thick and fast again. How dire are the predictions, how likely are they to come true, what does it mean for the rest of your finances – and what’s the cost of a weekly shop got to do with things?Plus, the Renters’ Rights Act is about to deliver a landlord register but is that a good idea or more red tape.And finally, trading cards are worth big money and catching the attention at the moment, so how did Lee become an accidental collector?Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

Is it crunch time on the bond markets or is this just another episode in a long-running soap opera that always leaves us on a cliff hanger?Turmoil on global bond markets has sent yields soaring on major countries' debt but the UK is suffering more than its rivals.So, what’s going on with the bond blowout? How bad is it? Why does the UK pay more to borrow than similar countries? And why is it bad news for the Budget and our finances?On this episode of the This is Money Podcast, Georgie Frost, Helen Crane and Simon Lambert discuss the bond market, explain what's going on and why it matters to you.Stoozing is back. Do you stooze, would you stooze, what on earth is stoozing and is it wise?Plus, could you get duped by the British boutiques that are actually shoddy Chinese shops?And finally, a property report this week claimed the death of the dining room… but is it time to be contrarian and revive them? Revealing his true identity as a fully paid-up member of the property-owning bourgeoisie, Simon puts up a defence for the dining room - but do Helen and Georgie agree?00:00 Welcome to the This is Money podcast00:57 Why are UK government borrowing costs surging – and why should we care?06:36 Is the world’s debt problem getting out of control?10:46 What could the bond market turmoil mean for the Budget?17:35 What does it mean for mortgages, savings and your money?19:11 Stoozing is back: could you really make £750 from a 0% credit card?29:46 Fake British boutiques: are you really buying cheap clothes from China?38:03 Death of the dining room: do we still need one?45:37 Simon’s stat of the week: more than 1million pensioners paying higher-rate tax46:37 Podcast closeFollow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

From next year, those in receipt of the full state pension will have to start giving some of it back to the government in income tax.The Treasury has put in place a ‘waiver’ system for less well-off pensioners – but it has been revealed this week that those who chose to defer their state pension could miss out because of the extra income they receive.On this week’s podcast, Georgie Frost is joined by This is Money’s Helen Crane and Tanya Jefferies to discuss whether that is fair, and how Britain’s state pension got so complicated. Staying on the subject of retirement, estimates of how much we have to save for old age usually assume we will own our homes and have paid off the mortgage by the time we quit work.But for a growing number of people, that isn’t the case – and a new study suggests those who rent during retirement could have to save £419,000 extra to afford it.With today’s youngsters expecting to get on the ladder later, or perhaps not at all, the problem is only set to worsen. The team discuss this shift and what people can do to prepare.Despite a greater need for rented homes, the property market is awash with landlords trying to offload flats. Who is going to buy them, and is it an opportunity for first-time buyers?And finally, from Lidl trainers to pizza menus and even Argos catalogues, we reveal the everyday items that could be tomorrow's collectables.00:00 – Introduction01:04 – Why some pensioners could face income tax on the State Pension05:00 – Who could miss out on the Government’s proposed tax waiver?09:47 – Should you still defer your State Pension?14:35 – The looming problem of renting in retirement19:00 – How much more do renters need to save for retirement?23:36 – Why are so many landlords selling their flats?27:28 – Are flats still worth buying?30:58 – Is buy-to-let becoming a professional investors’ game?36:08 – Could the junk in your house actually be worth money?39:56 – Why old Argos catalogues and pizza menus could become collectables41:08 – Crane’s compliment of the week: Sainsbury’s42:05 – OutroFollow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

NS&I has just boosted the Premium Bonds underlying rate again to its highest level in nearly two years. The odds of winning are better too, with more £50,000 and £100,000 prizes to boot.More than 22million of us hold Premium Bonds but after years of being beaten by the best savings accounts, are they suddenly looking like a good option again? And why raise the rate at all? Lee Boyce, Georgie Frost and Helen Crane discuss.11.34: Imagine you bought a house years ago, pay your mortgage every month... only to discover the Land Registry still hasn’t registered it in your name. It could mean you can’t remortgage and subsequently out of pocket. We discuss a case where this happened, why and a deluge of cases we are hearing about.20.54: Inflation is heading the wrong way again - up from 2.6% to 2.9% in July, largely thanks to higher energy costs. What does that mean for base rate?Energy bills are likely to head higher still, with forecasts of another rise price cap rise in October. Is it time to fix?29:11: And finally, plug-in solar panels can be legally sold from next week. But before we all rush out to buy them, we explain what you need to know...Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

After years of stagnant sales and plummeting prices…is the housing market about to take off again?Lee Boyce, Helen Crane and Georgie Frost discuss what's going with property values and hunt for green shoots of recovery.14:46: Some of Britain's biggest banks are offering far better savings rates under different brands. We look at where the deals are hiding and how much more you could earn.22:47: Crane is back on the case - this time, she resolves a reader problem with an £11,500 heat pump. It left some rooms at just 12°C – and their energy bills went up.33:07: A-level results day was this week - do the younger generation need to go to university?We talk about the pressures facing school leavers and why a degree isn't the only route to a successful career, running through best apprenticeships and jobs that don't require a degree.Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

Has tax just got a little more taxing? Making Tax Digital has come in, meaning hundreds of thousands of people need to make their first quarterly report to HMRC this week - and during the summer holidays to boot.Georgie Frost, Simon Lambert and Lee Boyce cover what you need to know about the changes and whether it’s a good move.How easy is it to find the right software, will it help reduce the ‘tax gap’ and who will need to start using it?A retirement giant has warned the Government’s inheritance tax raid on pensions next year will undermine faith in saving long-term for later life.Should people be worried about the changes or keep calm and carry on with their pension contributions?This week, a Premium Bonds £1million winner scooped the top prize with a bond bought only six months ago.Is that unusual? Or do many people win the seven-figure sum quickly? Lee reveals all.Heading off on summer holidays? We give a reminder about the dos and don’ts when it comes to spending overseas… and what does the actor Will Ferrell have to do with it? Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

Is the can finally going to stop being kicked down the road on social care?Andy Burnham has promised to correct what he has called a ‘dereliction of duty’ by a generation of politicians.But how does he plan to succeed where so many before him have failed, can he pull it off and who is going to end up paying?On this episode of the This is Money Podcast, Georgie Frost, Helen Crane and Simon Lambert discuss how to solve a problem that has defeated successive governments and created a reverse lottery where the unlucky losers can see their wealth wiped out.Meanwhile, there was no move for the Bank of England this week, as interest rates were held again, despite fears that the recent spike in energy prices could prompt another inflation shock. What does it all mean for our money?Plus, would you haggle at a high street store? Our man Toby Walne did, so what happened?And finally, is Britain’s beach hut boom over?Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

The rise in the state pension age looks likely to speed up again, as it was revealed this week that the Government has already been banking the gains.It is now almost certain that the state pension age will rise to 68 between 2037 and 2039, seven years earlier than the official timetable.But will it have to go up again and when? And is a further rise fair when life expectancy has stalled and it's the triple lock that's driving up costs?On this episode of the This is Money Podcast, Georgie Frost, Lee Boyce and Simon Lambert discuss the state pension, when you might get it and whether it's time for a rethink. Plus, how can you bridge the gap if you want to retire earlier by saving more yourself?Simon also explains how you can track down any old work pensions and get them working much harder for you.Lee discusses why it is taking so long to buy and sell homes and what can be done.And finally, in the week that SpaceX shares slipped below their IPO price, Simon reveals that he did what he said he was going to do and spent his IPO profits on a weekend away - but how much extra did he have to chip in?Listen to the podcast, tell us your thoughts at [email protected], and don't forget to subscribe.Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.