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The latest news from the world of personal finance

The latest news from the world of personal finance plus advice for those trying to make the most of their money.

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Money Box: Fraud Refunds Report and Savings Tax

04/11/2023

Fraud Refunds Report and Savings Tax

BBC Radio 4 - Money Box, Fraud Refunds Report and Savings Tax

New report reveals the record of individual banks on reimbursing victims of fraud.

Millions of people, some with quite modest savings, now face the prospect of paying tax on the interest those savings earn.

For the first time we know the record of individual banks on reimbursing victims of fraud. The Payment Systems Regulator published figures this week which show, bank by bank, what proportion of the victims were reimbursed and what proportion of their money they got back.   

Millions of people, some with quite modest savings, now face the prospect of paying tax on the interest those savings earn. Who does it affect and what do you need to do about it?

We'll discuss a new report from the University of Bristol about finances and divorce.

And as recent research suggests two out of three British adults have told a 'financial fib'  by lying about their earnings or what something cost, we want to know your financial fibs - email moneybox@bbc.co.uk

Presenter: Paul Lewis
Reporter: Dan Whitworth
Researchers: Sandra Hardial and Jo Krasner
Editor: Jess Quayle

(First broadcast 12pm, Saturday 4th November, 2023)

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