This is Money Podcast

Would you take a £1m lump sum or £1,000 a week for life?

This is Money Podcast

Show Notes

It's the sort of theoretical question you might discuss at the pub with your mates. If you won the lottery and had the choice, would you pick a £1million lump sum, or take £1,000 a week for life?

Pollster YouGov posed the question to 7,000 Britons recently, and it is fair to say opinions are divided. According to two money experts, there is a right answer - so which is the best strategy, and why is likely to make you much richer? Georgie Frost, Lee Boyce and Helen Crane discuss.

Easy access savings rates have barely budged in recent weeks, but fixed-rate deals are becoming much more attractive. We look at some of the best - and Helen explains why a number of HSBC customers are feeling disgruntled after Isa transfers to the bank were hit with a raft of delays.

The team also looks at Volvo's chaotic EV recall, and what drivers who have been told their car is a potential fire risk can do.

It has been confirmed that the energy price cap will rise by 13 per cent in July, with costs for the average household climbing by £221. So is it worth thinking about fixing your tariff?

And in this week's heatwave, we discuss data which reveals exactly how expensive it is to keep cool. Are new-fangled air cooler devices worth it, and is air conditioning as pricey as many assume?

Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmedia. Email us [email protected]. Text us 020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane. Producer: Georgie Frost. Hosted on Acast. See acast.com/privacy for more information. Follow us on Instagram @dmgnewmedia. Follow us on TikTok @dmgnewmedia Follow us on X @dmgnewmedia Email us [email protected] Text us 020 7938 6000.

Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane Producer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

More from This is Money Podcast

Oct 22, 2026

Saving in a self-invested personal pension is a great way to create a side pot from your workplace pension or to build a retirement fund if you are self-employed.

Oct 16, 2026

On this special This is Money podcast episode to celebrate his 500th column as our retirement agony uncle, Steve Webb is back to answer your pension questions. The former pensions minister joins Georgie Frost and Simon Lambert to talk through what he has learnt over those 500 columns and reply to the questions he has been sent in specially for this episode.

Oct 9, 2026

There were a number of ways Kemi Badenoch could have tackled the much-hated issue of inheritance tax. The Tory leader could have promised to cut the rate, remove gifting allowances from the deep freeze, raise thresholds, or stop pensions being pulled into the net. Instead, she decide to announce family homes would be completely exempt under a Conservative government... and couples would still get to give away £1million tax-free on top of that. Was that a good idea, or has Kemi just promised to make a bad tax even more complicated? On this week's podcast Georgie Frost and Simon Lambert talk inheritance tax and as well as looking at Kemi's plan they discuss what you need to do to beat IHT now. Plus, the Lifetime Isa is on the way out but savers are still being stung with penalties. Will the new first-time buyer Isa be an improvement. In the stock market story of the week, Simon reveals why Tesco says it will be a less boozy Christmas. We explain how to get a free will and what you should consider putting in it. And finally, the new electric Jaguar has finally been revealed. It's very big, very fast and £120,000 - would you want one?

Oct 2, 2026

The triple lock's days appear to be numbered. The Prime Minister Andy Burnham revealed bold plans to ditch the pension guarantee from 2030 and replace it with what has been dubbed a 'double lock' at the Labour party conference this week.

Sep 25, 2026

Could the personal allowance be raised to £15,570 in the Budget? That's the off the wall idea that emerged this week as a way of Labour nudging ahead if Andy Burnham called an early election. The podcast team discuss that and Simon's idea for how you could start to reform the tax system.

See all episodes →