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Pensions and 'drip pricing'

Pensions and 'drip pricing'

FromMoney Box


Pensions and 'drip pricing'

FromMoney Box

ratings:
Length:
25 minutes
Released:
Jun 29, 2024
Format:
Podcast episode

Description

We hear from a pensioner on benefits who tells us she was shocked to find herself having to pay tax on her pension for the first time. With expert help, we explain the so-called ‘triple-lock’ mechanism and why the point at which you can be taxed on your pension has become a big talking point in the election campaign. Also in the programme, sneaky hidden extras on your online shopping have been banned under new laws passed this month. So called ‘drip pricing’ is when consumers are shown an initial price for an item or service, only to find additional fees are added on later at the checkout. We look what the rules are and how they'll work.Every time you use Mastercard or Visa debit or credit card to pay for something – the business you’re buying from has to pay fees. Some of these fees are optional, but many of them are mandatory. But now an interim report by the watchdog - the Payments Systems Regulator – found that these fees charged to shops and other businesses by Visa and Mastercard have been rising much faster than inflation, 30 % faster, but that there is no evidence that the service provided has improvedAnd we look at the scale of fake stamps in the UK. Royal Mail initially responded by charging people a penalty if they received items that were sent with a fake stamp. Although those fines are now ‘paused’, we reveal just how much they amounted to.Presenter: Paul Lewis
Reporters: Sarah Rogers and Neil Morrow.
Researchers: Sandra Hardial and Neil Morrow
Editor: Craig Henderson(This programme was first broadcast Saturday June 1, 2024)
Released:
Jun 29, 2024
Format:
Podcast episode

Titles in the series (100)

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