Money Box

Benefit Overpayments and Travel Money


Listen Later

Nearly 10,000 people have needed free debt advice because of accidental overpayments by the Department for Work and Pensions in the past 12 months. That's according to figures from Money Wellness, a debt advice company which is funded by the government's Money and Pension Service. It says because most of its clients are low income households these debts can have significant knock-on impacts on the rest of their finances. The DWP says its staff work hard to support customers, and it's important to explore ways to reduce fraud and error so it can support the most vulnerable in society.

What will the new Pensions Bill announced by the Labour government in the King's Speech mean for your finances? We'll discuss plans to bring small pension pots, which people get after short term jobs, together.

Campaigners are calling for bereavement support payments to be extended for longer and for the amount given to families to rise with inflation. At the moment parents under pension age whose partner dies are entitled to bereavement benefits - as much £3,500 followed by 18 monthly payments of up to £350. The charity Widowed and Young would like those payments to be in place for longer. The Department for Work and Pensions told us that it knows losing a loved one is devastating and that it's committed to supporting those most in need through the welfare system.

And what's the best way to pay while you’re on holiday abroad?

Presenter: Paul Lewis

Reporters: Dan Whitworth, Sarah Rogers and Jo Krasner
Researchers: Immie Rhodes
Editor: Jess Quayle

(First broadcast 12pm Saturday 27th July 2024)

...more
View all episodesView all episodes
Download on the App Store

Money BoxBy BBC Radio 4

  • 4.1
  • 4.1
  • 4.1
  • 4.1
  • 4.1

4.1

21 ratings


More shows like Money Box

View all
Global News Podcast by BBC World Service

Global News Podcast

7,583 Listeners

More or Less by BBC Radio 4

More or Less

887 Listeners

Newshour by BBC World Service

Newshour

1,045 Listeners

Wake Up to Money by BBC Radio 5 Live

Wake Up to Money

58 Listeners

Money Clinic with Claer Barrett by Financial Times

Money Clinic with Claer Barrett

57 Listeners

The Martin Lewis Podcast by BBC Radio 5 Live

The Martin Lewis Podcast

78 Listeners

In Our Time by BBC Radio 4

In Our Time

5,463 Listeners

The Documentary Podcast by BBC World Service

The Documentary Podcast

1,801 Listeners

In Our Time: History by BBC Radio 4

In Our Time: History

1,880 Listeners

6 Minute English by BBC Radio

6 Minute English

1,764 Listeners

Learning English Conversations by BBC Radio

Learning English Conversations

1,047 Listeners

The Infinite Monkey Cage by BBC Radio 4

The Infinite Monkey Cage

2,089 Listeners

The Bottom Line by BBC Radio 4

The Bottom Line

35 Listeners

Investors' Chronicle by Investors' Chronicle

Investors' Chronicle

15 Listeners

This is Money Podcast by This is Money

This is Money Podcast

43 Listeners

The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

87 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

15 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

13 Listeners

Which? by Which?

Which?

11 Listeners

On The Money by interactive investor

On The Money

4 Listeners

You're Dead to Me by BBC Radio 4

You're Dead to Me

3,187 Listeners

The Bomb by BBC World Service

The Bomb

1,016 Listeners

Switch Your Money On by Hargreaves Lansdown

Switch Your Money On

3 Listeners

Making Money by Damien Jordan & Timeyin Akerele from Most

Making Money

9 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

36 Listeners