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The Martin Lewis Podcast

BBC

Business

4.2 • 789 Ratings

🗓️ 3 July 2025

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Martin looks at Lifetime ISAs, after a report was published by the Treasury Committee on the future of the first time buyers savings account, he explains the basics of them and answers questions on who they are good for, who they don’t work for and when is the best time to open one.

Energy bills dropped 7% this week, Martin explains what people should be doing, and most importantly what happens next.

Martin reacts to reports the Chancellor is to drop cash ISA allowance in her Mansion House Speech on 15 July.

Mastermind tests if Adrian knows when you are covered by Section 75 Consumer protection.

And there’s a new top savings account that’s a bit different isn’t there?

Transcript

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0:00.0	BBC Sounds, Music, Radio, Podcasts.
0:04.7	Hello, I'm Martin Lewis, and this is the cunningly named The Martin Lewis Podcast.
0:09.1	I do wonder what that's going to be about.
0:11.1	Now, usually much of it comes from a BBC Radio 5 live show with Adrian Chiles,
0:14.8	but don't worry, there's bonus money-saving tips just for you lucky, lucky podcast listeners.
0:20.5	Play the theme tune.
0:24.4	I got bills.
0:26.9	I got to pay.
0:28.7	So I'm going to work for a world.
0:32.4	I got a mouth.
0:34.5	I got a feed.
0:36.4	So I'm going to make sure everybody is.
0:40.4	Martin, how the devil are you? What have you got for us today?
0:44.0	Well, you have a whole load of subjects coming up today. The biggest one is the Lifetime ISA, also known as the Lysa, which is designed for first-time buyers to give them a 25% boost on their savings.
0:55.5	There was a report out by the Treasury Committee on Monday, which questions whether it's value
0:59.7	for money. But I want to talk to you about when it's good, when it's not good, who should
1:03.3	use it, and why everyone aged 18 to 39 who has never bought a house should put at least
1:09.3	£1 in a lifetime ISA as soon as possible if they
1:13.2	haven't already. We've also got lots of money news to cover. Energy bills or the energy price
1:17.3	cap at least drop 7% this week. So what should you be doing? Most importantly, what happens
1:22.5	next? We've got reports the Chancellor is to drop the cash ICER allowance at a speech on
1:27.1	the 15th of July at the Mansion House.
	...

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