Cash ISA Change and Carers Allowance
Money Box
BBC
4.2 • 825 Ratings
🗓️ 27 December 2025
⏱️ 25 minutes
🧾️ Download transcript
Summary
The Chancellor announced dozens of changes in the Budget that will affect the money in your pocket from wages and energy bills to savings. Many of them won't happen for some time - years in some cases - so we look at the more imminent tax changes. That will include the freezing of tax thresholds that will see higher taxes for many and changes to the Cash ISA limits.
A "bewildering system" of benefits - that's how the author of a new report has described the plight of tens of thousands of unpaid carers who were thrown into debt because of the overpayment of Carer's Allowance. This week an independent review was published that's been a year in the making. It started because carers had been working but had unwittingly slipped over the amount they're able to earn before losing their Carer's Allowance - a payment they're entitled to if they care for someone for over 35 hours a week, leaving them in debt to the government. Paul Lewis interviews the author of the report Liz Sayce, who has told Money Box the government must implement her recommendations "at pace".
And, the families of thousands of people who were infected with HIV and Hepatitis C by the NHS when it used contaminated blood in the 1970s and 80s will not have to pay tax on the compensation many of them are still waiting for. That commitment came from Rachel Reeves in the Budget, after Money Box reported on a campaign to ensure those relatives weren't subject to inheritance tax bills of tens of even hundreds of thousands of pounds.
Presenter: Paul Lewis Reporters: Dan Whitworth and Jo Krasner Researcher: Eimear Devlin Editor: Jess Quayle Senior News Editor: Sara Wadeson
(First broadcast 12pm Saturday 29th November 2025)
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. |
| 0:07.0 | Hello, Greg Jenner here, host of You're Dead to Me, the comedy podcast that takes history seriously and then laughs at it. |
| 0:13.4 | This Christmas, forget about socks. We've got the best present of all. |
| 0:17.2 | Dead people! |
| 0:18.2 | All that sounds like zombies. Sorry, it's not zombies. Let me start again. |
| 0:21.8 | In our new family-friendly podcast series, dead funny history, historical figures come back to life |
| 0:26.8 | but just long enough to argue with me, tell their life stories and sometimes get on my nerves. |
| 0:31.8 | You're dead to me. |
| 0:32.8 | Dead funny history. |
| 0:34.1 | Listen on BBC Sounds. |
| 0:36.5 | Hello, welcome to this Moneybox podcast, Carers who earned too much and owe thousands of |
| 0:41.9 | pounds in overpaid benefit may get some of their debt written off. And there'll be no |
| 0:46.8 | inheritance tax to pay on compensation for the families of the victims who were given |
| 0:51.5 | HIV and hepatitis by the NHS. But first, the budget. The Chancellor |
| 0:57.9 | announced dozens of changes that will affect the money in your pocket from wages to savings, |
| 1:03.2 | energy bills to tax demands. Many won't happen for some time, years in some cases. So today we'll |
| 1:09.0 | look at the more imminent tax changes, one of which will |
| 1:12.6 | affect the pay packets of millions of workers and pensioners and bring in billions of pounds |
| 1:17.2 | to the Treasury. Appropriately enough, for what was almost a winter budget, the Chancellor |
| 1:22.6 | announced an extension of the big freeze to tax thresholds. Today I will maintain all income tax and equivalent national insurance thresholds at their |
| 1:32.4 | current level for a further three years from 2028. |
| 1:36.6 | Maintaining, of course, means freezing, not raising them as they should be raised each year |
... |
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