Inheritance tax masterclass: how much is due & smart ways to reduce it! Energy price spike – what it really means
The Martin Lewis Podcast
BBC
4.4 • 929 Ratings
🗓️ 5 March 2026
⏱️ 66 minutes
🧾️ Download transcript
Summary
The big topic for Martin this week is inheritance tax, he explains how inheritance tax works and goes through all the practicals on how much you can leave before its taxed.... Why marriage is the biggest way to reduce inheritance tax... The change that means pensions will soon have inheritance tax on them... all the gift rules you can utilise and far more.
The podcast features key updates on car finance mis-selling, and what the spike in energy prices due to the conflict in the middle east really means for what you’ll pay.
And then of course there’s Mastermind, if a shop misprices an item, can you force them to sell it to you at that amount? If you want to ask Martin a question, you now can! His Question Time podcast lets you ask Martin absolutely anything and everything (within reason!) – so if you’ve always wanted to know what colour his eyes are, what he's planning to do in his eventual retirement, or have a very complicated question about your personal finances, email it to MartinLewisPodcast@bbc.co.uk.
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. |
| 0:07.0 | That is the risk-averse move to do. Lock in on that now. Who should be considering this and who shouldn't? That's not a bad rule of thumb, is it? |
| 0:13.1 | Has this totally shaken up all the type of inheritance tax planning that you do with clients and thrown it all up in the air? |
| 0:19.6 | Then you have to make sure you take the money out till the rate won't be that good. We have under-regulated home heating oil in this country for far too long. Hello, I'm Martin Lewis, and this is the cunningly named the Martin Lewis podcast. I do wonder what that's going to be about. Now, usually much of it comes from my BBC Radio 5 live show with Adrian Chiles, |
| 0:41.7 | but there's also bonus money-saving tips just for you lucky, lucky podcast listeners. |
| 0:48.6 | In today's part, our big topic, inheritance tax, loath by many in Middle Britain, |
| 0:52.6 | lauded by others as a crucial way to stop perpetuated wealth. |
| 0:55.0 | But we're not doing any of that. This is about the practicals. |
| 0:56.0 | How much can you leave before it's taxed? |
| 0:58.0 | Why marriage is the biggest way to reduce the tax? |
| 1:02.0 | The change coming that means pensions will soon have inheritance tax on them too. |
| 1:06.0 | And all the gift rules you can utilize to reduce the amount your estate will need to pay, and far more. |
| 1:12.6 | I've also got key updates on car finance mis-selling and what the spike in energy prices due to the conflict in the Middle East really means for what you'll pay. |
| 1:22.6 | And then of course, there's Mastermind. If a shop mispriced an item, can you force them to sell it to you at that amount? |
| 1:30.5 | Let's get on with it. |
| 1:31.5 | Lots to do. |
| 1:32.4 | Play the theme tune. |
| 1:36.5 | I got meals. |
| 1:38.9 | I got to pay. |
| 1:40.8 | Someone going to work for it. |
| 1:44.4 | I'm going to work. I got the country. I got to pay. |
| 1:46.5 | I got to feed. |
... |
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