Martin Lewis shares crucial money need-to-knows before new financial year

Martin Lewis recently took to the stage on the opening day of the Ideal Home Show exhibition in London to share some exclusive money-saving advice for people of all ages, which could come in handy for the new financial year which starts on April 6. His snapshots cover energy bills, smart meters, car insurance, credit cards and savings.

The founder of MoneySavingExpert.com added: “The only other tariffs I would think of note, are from Octopus, the tracker tariff and the agile tariff. The tracker tariff price moves everyday based on wholesale rates and the agile tariff price moves every half an hour based on wholesale rates.

However, he warned that it’s channel specific. Martin continued: “You cannot have been to that comparison site before. The law says, as an existing customer, you should not be charged more than a new customer who went through the same channel as you. “This serious consumer voodoo that you need to know. This applies anywhere in the world, if you’re making purchases in Britain or abroad”

“If you don’t ever use it, you lose 6.25% to take the money out, so you’d lose 6.2 pence, and I would say it’s worth the risk really. If you’re looking at savings, you want something strong interest”

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