The Martin Lewis Podcast Millions can now reclaim student loans! | Savings safety limit to rise | Will energy prices go up?
Nov 20, 2025
Discover ways millions can reclaim overpaid student loans and the surprising nuances of repayment plans. Learn about rising savings protection limits and how they impact your finances. Martin predicts energy price cap changes and explores whether fixing tariffs now is wise. Tune in for light-hearted listener stories about the cheapest returns and a discussion on retail gift aid for charitable donations. Plus, insights into the complexities of energy billing and calls for social tariffs to better support vulnerable consumers.
AI Snips
Chapters
Transcript
Episode notes
Use The 49‑Day Rule Before Switching
- You cannot be charged exit fees within the final 49 days of a fixed tariff, so check that window before switching.
- If a new quote is cheaper than your current tariff, switch immediately; otherwise delay until near the 49‑day free-exit point.
Annual Thresholds vs Monthly PAYE Deductions
- Student loan repayments are based on annual thresholds but collected monthly through PAYE, which can cause overpayments.
- If your total annual earnings fall below your plan's threshold, you can reclaim all PAYE student loan deductions for that tax year.
How To Claim Student Loan Refunds
- If you think you overpaid because your yearly income was below the threshold, apply for a refund via the Student Loans Company app or the gov.uk refund form.
- You can claim refunds for any prior tax year except the current incomplete one.