Radio broadcaster Paul Lewis keeps his entire pension in cash and has done so for nearly a decade.
The award-winning financial journalist and presenter of Money Box on Radio 4 tells Donna Ferguson he doesn’t invest in stocks and shares and would never consider becoming a buy-to-let landlord.
If he were Chancellor, he would unfreeze income tax allowances, but raise Capital Gains Tax.
Now 75, he has three adult children and lives with his wife Emma, mortgage-free in a three-bedroom house by the Thames in West London.
What did your parents teach you about money?
They taught me there’s nothing wrong with borrowing money, as long as you can pay it back. You have to work out what you can spend and what you can afford. These were lessons that have lived with me forever.
I am the youngest of three children and my parents earned modest incomes and didn’t have a great deal of money. They…
