Martin Lewis highlights £500 council tax savings opportunity

Summarised from KentLive's report · Updated 9 Oct, 11:31 · Archive

Money expert Martin Lewis says 400,000 homes in England and Scotland may be paying the wrong council tax band.

Money expert Martin Lewis is encouraging bill payers to check if they are paying the correct council tax after a listener reported saving over £500 a year by successfully lowering their tax band. The listener told Mr Lewis's BBC podcast: 'I followed your advice and it has been accepted. I dropped one tax band on council tax band, and I'll be saving over £500 a year.' The listener projected this could mean a £20,000 saving over the next 40 years of homeownership.

Mr Lewis said he hears 'so many council tax successes' and that these stories are valuable because 'they're always really big money'. He noted that 400,000 homes in England and Scotland are likely to be in the wrong band, many too high, because they have not been updated since a 1991 valuation. To check if a home is paying too much, Mr Lewis recommends checking whether your property's band is higher than similar neighbouring properties via the gov.uk council tax checker, and if so, requesting a valuation check based on your home's 1991 value.

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• Martin Lewis shares £500 success story as you can save 'really big money'He explained the two-step process to go throughKentLive · 9 Oct, 06:15

In this story: Martin Lewis · BBC · England · Scotland

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