Money Box

Interest Free Loan Scheme to help 20,000 people


Listen Later

A scheme offering interest-free loans to the financially vulnerable is being expanded to reach up to 20,000 people. After a successful trial at South Manchester Credit Union the No Interest Loan Scheme (NILS) will be rolled out across the UK from September. It's backed by the Treasury but will be run by credit unions and other lenders. The aim is to offer emergency loans to people who would normally be turned down because they can't afford the interest payments. We'll speak to Economic Secretary to the Treasury John Glen.

As a new survey, commissioned by the BBC, suggests half of people working are planning to increase their hours to boost their income and almost one in three people are thinking about taking a second job, we'll hear from the Low Incomes Tax Reform Group about the implications for tax and benefits.

More on how thousands of people may be able to boost their state pension by paying extra National Insurance Contributions. Paying just one missing year can mean an extra £275 a year for your pension.

Plus, less than half the firms that sell funeral plans look set to be approved by the regulator when tough new rules begin in six weeks. More on how you can check yours.

Presenter: Paul Lewis

Reporters: Dan Whitworth and Katie Barnfield
Researcher: Sandra Hardial
Editor: Jess Quayle

(First broadcast 12pm Saturday 18th June, 2022)

...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
In Our Time by BBC Radio 4

In Our Time

5,423 Listeners

The Documentary Podcast by BBC World Service

The Documentary Podcast

1,800 Listeners

Wake Up to Money by BBC Radio 5 Live

Wake Up to Money

59 Listeners

Global News Podcast by BBC World Service

Global News Podcast

7,646 Listeners

6 Minute English by BBC Radio

6 Minute English

1,751 Listeners

Learning English Conversations by BBC Radio

Learning English Conversations

1,081 Listeners

The Bottom Line by BBC Radio 4

The Bottom Line

36 Listeners

More or Less: Behind the Stats by BBC Radio 4

More or Less: Behind the Stats

896 Listeners

 by Financial Times

54 Listeners

The Infinite Monkey Cage by BBC Radio 4

The Infinite Monkey Cage

2,086 Listeners

Newshour by BBC World Service

Newshour

1,039 Listeners

The Martin Lewis Podcast by BBC Radio 5 Live

The Martin Lewis Podcast

70 Listeners

The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

85 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

13 Listeners

This is Money Podcast by This is Money

This is Money Podcast

37 Listeners

Curious Cases by BBC Radio 4

Curious Cases

764 Listeners

Cash Chats UK Money & Personal Finance podcast by Andy Webb

Cash Chats UK Money & Personal Finance podcast

10 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

13 Listeners

Which? by Which?

Which?

13 Listeners

On The Money by interactive investor

On The Money

3 Listeners

Americast by BBC News

Americast

701 Listeners

You're Dead to Me by BBC Radio 4

You're Dead to Me

2,960 Listeners

Switch Your Money On by Hargreaves Lansdown

Switch Your Money On

2 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

36 Listeners

Making Money by Damien Jordan & Timeyin Akerele from Most

Making Money

9 Listeners