Why on earth is inheritance tax so complicated? This is Money podcast
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 19 August 2016
⏱️ 55 minutes
🧾️ Download transcript
Summary
This week This is Money editor Simon Lambert and consumer affairs editor Lee Boyce explain the peculiarities of inheritance tax - and then ask why on earth it has to be so complicated. The team also discuss the watering down of the once quite fantastic 123 account from Santander - and whether it's still a good deal. Lee has a moan about train fares and they ask whether Essex really is the happiest place to live in the UK.
Transcript
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| 0:00.0 | This is Money, brought to you in partnership with NS&I, giving you 100% security for your savings. |
| 0:14.8 | A very warm welcome to This Is Money and Share Radio podcast in partnership with NS&I. |
| 0:20.2 | I'm Georgie Frost and joining me in the studio is editor Simon Lambert and Consumer Affairs Editor Lee Boyce to round up this week's top stories that they've been covering on their financial website of the year. And is the dust starting to settle, we're asking, on post-Brexit vote Britain. |
| 0:36.5 | Petrol prices, wine, food prices, and they're all indications of that we're just starting |
| 0:41.5 | to see the beginning of the pass-through. |
| 0:43.7 | We've got a swathe of pre-and-post referendum figures this week, employment, inflation, retail, |
| 0:48.2 | house prices. |
| 0:49.3 | But what is the picture telling us? |
| 0:51.3 | Well, if you're a saver, it's not pretty. |
| 0:53.8 | It may be a gold rush in Rio, but |
| 0:55.9 | wooden spoons all round for Santander 1-2-3 current account holders, made famous, of course, by a host |
| 1:01.9 | of sporting stars. Jessica, hi! I switched to the Santander 1-2-3 current account. Now we get 3% |
| 1:07.6 | interest on balances between 3 and 20,000 pounds, up to 3% cashback. |
| 1:11.4 | Not anymore, Jessica, Ennis Hill, Olympic champ there of course. |
| 1:14.7 | You only get 1.5% now. |
| 1:16.7 | The bank slashes its rate in half, blaming the Bank of England rate cut. |
| 1:21.3 | So is it time to ditch and switch, or will Santander still be the best option for you? |
| 1:27.2 | Savings rates aren't the only things, though, to drop. |
| 1:29.6 | Annuity rates continue to plummet. |
| 1:31.9 | Just as there are warning, some people using the new pension freedoms, |
| 1:35.5 | maybe you're taking too much, too fast from their pots. |
| 1:39.4 | The key thing is for anyone coming up to retirement |
... |
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