Free finance textbook for schools
Money Box
BBC
4.2 • 825 Ratings
🗓️ 10 November 2018
⏱️ 26 minutes
🧾️ Download transcript
Summary
Tens of thousands of free educational books about personal finance are being sent to every secondary school in England. For free. Funded by money saving expert Martin Lewis, written by Young Money and supported by the Government, it 's the UK's first ever financial education textbook.
The Government’s announced its second attempt to try to increase probate fees, this time from just a few hundred to thousands of pounds for some. We’ll find out what’s behind the move, if it’s likely to get through Parliament and explain why critics say the move is not legal.
This week saw state pension age equalise. Many women are not happy. We speak to someone who reached state pension age before 65 but is receiving much less than a man the same age because she qualified when the previous, lower state pension was in force. These women have not been entitled to free bus passes, tv licences and the winter fuel allowance 2 to 4 years sooner than men of the same age as mentioned in the piece. Winter Fuel Allowance is linked to women’s state pension age for both women and men (now the common state pension age) which is also true of almost all free bus travel in England. In Wales, Scotland and Northern Ireland men and women get free bus travel from 60. Currently everyone is currently entitled to a free TV licence from 75.
‘Why aren’t my auto-enrolment pension pots consolidated?’ We hear from a listener who wants to know why his pensions aren’t merged automatically.
Presenter: Paul Lewis Producer: Alex Lewis Reporter: Dan Lewis Editor: Richard Lewis
Transcript
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| 0:00.0 | In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers. |
| 0:08.0 | But the man who often found, tortured and sometimes killed these people on behalf of the IRA |
| 0:12.0 | was himself an informer, a secret British army agent with the codename Stakeknife. |
| 0:18.0 | Who gets to play God? And why me? Why my family? When lies are still being told to this day, |
| 0:24.0 | who do you believe? I wouldn't even know where to start and I'm with the IRA. |
| 0:28.5 | Steakknife. Listen first on BBC Sounds. BBC Sounds, music, radio podcasts. Hello, in today's program, why is the money-saving expert sending out personal finance guides to secondary schools in England? |
| 0:44.7 | People in their 20s tell us their worries about their pensions. |
| 0:47.8 | How will they keep track of them all? |
| 0:49.8 | If they inherit money or property, it will come to them minus a new tax. |
| 0:53.6 | The death tax has returned. |
| 0:55.8 | And some women claim that equalising state pension age is in fact leaving some men with a big cash advantage. |
| 1:03.4 | But first, the new personal finance book was published this week, and not a story we normally cover. |
| 1:08.1 | But this one's rather different. It's a textbook for schools in England to help them meet their obligations |
| 1:12.8 | to provide personal finance teaching as part of the national curriculum. |
| 1:17.0 | And with schools' own finances a bit tight nowadays, |
| 1:20.1 | every state secondary school in England is being sent 100 copies, free. |
| 1:24.9 | Paid for personally by the founder of the Money-savingexpert.com website, Martin |
| 1:29.5 | Lewis, and he's with me now, and so indeed is the book. Martin, what does this cover? |
| 1:34.2 | Well, it covers everything on the national curriculum, which is split across two things |
| 1:38.2 | into maths and PSHE. There are six chapters, savings, interest, money and mental health in there, making the most of your money, including budgeting, borrowing, of course, debt and APR, after school, the world of work, student finance tax. |
| 1:52.1 | Tax is an interesting one. |
| 1:53.3 | Do you know, this week, a man in his 30s tweeted me to ask whether he should reject a pay rise that would make him a higher rate taxpayer because he assumed |
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