Is it time to ditch your Premium Bonds? | Free Wills | How to lend to friends & family

About this episode

Martin asks a big question: is it finally time to ditch Premium Bonds? They’re the UK’s most popular single form of savings, with more than £136 billion invested. The prizes are tax-free, they’re backed by the Government, and there’s always the dream of winning big. But despite all that, Martin explains why Premium Bonds are often held by the wrong people. He’ll break down exactly who they work well for, who could do better elsewhere, what the alternatives are, and how to check whether you’re one of the lucky savers owed a share of more than £100 million in unclaimed prizes. In this week’s Tell Us, Martin tackles a financial dilemma that can test even the strongest relationships: lending money to family and friends. Have you done it? Did you charge interest? Did it all work out, or end in disaster? Martin shares listeners’ stories and reveals his top tips on how to lend money in a way that protects both your finances and your relationships. Plus, this week’s Mastermind sees Adrian put his knowledge to the test on what happens to your money when you die. Whether he gets the answers right or not, Martin will explain the key rules everyone should know, including why now is the perfe