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The Martin Lewis Podcast

Question Time: Get life insurance young, as its cheaper? Keep my bank account but get switchers’ bonus? When to STOP investing?

6/8/202646 min

This week Martin tackles a packed agenda of your questions—ranging from savings decisions in your twenties to navigating the tax system, investing timelines, and even a light-hearted consumer rights query.

Martin answers a question from a 25-year-old wondering whether to lock in life insurance early while premiums are low.

We look at how to bag lucrative current account switching bonuses without losing your main bank account. Martin explains how you can collect multiple bonuses while keeping your primary account untouched.

An NHS employee asks whether moving into the higher tax band means they’ll need to file a self-assessment tax return.

A listener calls in with concerns around their investing strategy: wanting to know if they should stop investing five years before needing your money?

Things take a lighter turn when a listener asks about their “consumer rights” over obtaining a Question Time audience badge.

And, strongman Eddie Hall asks Martin: “What’s the biggest thing you’ve ever lifted?”

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 his favourite ice cream flavour, if he’s ever pondered the meaning of life, or have a very complicated question about your personal finances, email it to MartinLewisPodcast@bbc.co.uk.

Clips

Buy Early, Pay Less Insurance
Bank-Switching Burner Account Hack
Don't Sell On Down Days

Transcript preview

First 90 seconds

  1. Simon· Host0:00

    This BBC podcast is supported by ads outside the UK.

  2. Speaker 20:03

    [upbeat music] Grainger knows when you're a procurement manager for an office park, you're not managing one building, you're managing all of them. And to stay ahead, you need to see through walls and around corners. Lights about to fail, filters ready to clog, HVAC on its last leg. If you wait until something breaks, you're already behind. Count on Grainger for quality products, easy reordering, and twenty-four/seven support. Call one eight hundred Grainger, click grainger.com, or just stop by. Grainger, for the ones who get it done.

  3. Martin Lewis· Host0:35

    Are you really buying a car online on Auto Trader right now?

  4. Speaker 20:38

    Really. I can get super specific with dealer listings and see cars based on my budget.

  5. Martin Lewis· Host0:42

    Mom.

  6. Speaker 20:43

    You can really have it delivered?

  7. Martin Lewis· Host0:44

    Or pick it up.

  8. Speaker 20:45

    Mommy, look.

  9. Martin Lewis· Host0:46

    I think your kid is walking up the slide.

  10. Speaker 20:47

    Really?

  11. Simon· Host0:48

    Auto Trader, buy your car online. Really.

  12. Martin Lewis· Host0:50

    [upbeat music] You've got to check the terms and conditions each time, but there are lots of people who do this and who make thousands of pounds.

  13. Simon· Host0:59

    Hey, Martin. It's Eddie Hall, the World's Strongest Man.

  14. Martin Lewis· Host1:02

    It is actually cheaper, even though you don't need it now, if you would need it later, for you to get it now.

  15. Simon· Host1:07

    You don't ever want to be in a position where you need the money today, and today is a bad day to take your money out.

  16. Martin Lewis· Host1:12

    Hello, and welcome to the cunningly named The Martin Lewis Podcast. I do wonder what that's gonna be about. This is our Question Time episode where you, our Esquires, extra savvy questioners, get to ask me your questions on absolutely anything and everything, open brackets, within reason, close brackets. This

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