Money Box: Your toolkit for balancing your budget, growing your bank balance and living a better financial life

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As our salaries are going up, and the minimum wage is increasing, more people end up paying more tax because of the freeze. Now, this isn’t just your money – it comes from the employer as well, as they will contribute a percentage of your salary.

Read our comparison of investment platform charges to see how much investing with Moneybox compares to other providers. Best known as the presenter of Money Box and Money Box Live on BBC Radio 4, Paul is an award-winning financial journalist and broadcaster.It’s a kind of vague acquaintance you have to see from time to time that always makes you pay for the drinks. Pensions are great for people on high incomes, because they get huge tax relief of whatever rate they pay. The Simple Saver is a savings account that allows you to save and withdraw flexibly, with one withdrawal per… What happens when I want to withdraw from my savings account? Platforms will also not be eligible for WRP status if they receive a two-star rating or lower in any of our individual categories. And if you are saying, “Look, inflation is nearly 11 per cent, I think I need a pay rise”, and your employer says: “Okay, well I’ll give you a bit extra, a few per cent, but I can’t afford more,” you could then ask for them to add a few more per cent into your pension.

The presenter of Money Box on BBC Radio 4 and the son of two teachers, there isn’t much he doesn’t know about money. Despite attempts by the Government – still wending their glacial way through Parliament after four years of discussion – it is almost impossible to regulate publishers who have no real physical place on Earth. We offer products to suit every need – from saving for your first home, retirement or a rainy day, to looking for a mortgage or tracking down your old pension pots – we’ve got you covered! So I would work towards a more equal society where there wasn’t great wealth and great tax advantages alongside a lot of people unable to manage.Optimise Media Limited (FRN 313408), for the introduction of HSBC Group, who are authorised and regulated by the Financial Conduct Authority to provide credit brokering activity. There are influencers – many of whom have far fewer followers than I do – who say they can give you advice about investments, schemes to make money easily and quickly, pay off debt, repair your credit score and so on. The story is that you send them money, it’s invested on the foreign exchange or crypto markets, and when they rise you get your money back with a bit added.

You can also deposit money into your account through one-off, weekly, or monthly contributions, and some products also offer instant payments. Interest rates have gone up, but even so, unless you’ve got a large amount of money – tens of thousands of pounds – you will still be better off in the non-Isa. People who receive money from dividends – regular payments made from shares they have invested – or capital gains from selling things rather than working, they currently pay less tax on that money than working people do.How a pension works is a bit of money comes off your pay every month, which goes into a pension, the Treasury puts in a bit more and your employer puts in a little bit more still.