Martin Lewis tells Brits about four instant payouts worth thousands of pounds

Are you trying to save money?

Martin Lewis, founder of the Money Saving Expert website, has revealed four places which offer the best payouts.

The 48-year-old explained that the money is something a lot of Brits might be missing out on.

Speaking on ITV's Martin Lewis Money Show, he said: "This is all about big money you may be missing out on – I've got four of them."

And Martin was celebrating success stories of viewers who had used his tips to reclaim money they were owed.

Now to help others claim back money, Martin has revealed the four places to check for a huge payout.

1. Reclaiming tax paid on PPI compensation

Anyone with a PPI claim might be able to get more money back – this time from the taxman.

That's because PPI payouts included an extra amount to make up for what you could have made in interest.

But that extra money is liable to tax.

Martin explained: "You can only redeem going back to April 2016."

2. Severe mental health impairment council tax discounts

If you or someone you live with has a disability, health condition or are a carer, you could be overpaying on council tax.

Martin said: "I've been campaigning on this for a long time."

There's a 25% discount if you live with someone with a severe mental impairment and no other adults, or only adults who are also disregarded for council tax purposes or a 100% discount.

The claims are back-dated which means you could get huge amounts back.

  • Martin Lewis warns that 'big cut' to Universal Credit coming in two weeks

3. Marriage couple's allowance

There's a tax break available for people who are married or are in civil partnerships that could be worth more than £1,000 if you've not claimed it before.

The Marriage Allowance lets people with an income of £12,500 or less, transfer up to £1,250 of their Personal Allowance to their husband, wife or civil partner – that's if their income is higher.

The amount is £250 a year and you can also back date it.

Martin told how one viewer got a cheque for £900 back, but others can go further with £1,180 the current maximum.

4. Student loan overpayments

People pay back student loans between the taxman and the student loans company.

But if the payments came out too soon, or if you have been paying too long, you can reclaim the cash.

Martin explained: "To do this, just call the Student Loans Company – it's easier if you've got your payroll number, but not a problem if you don't."

You must tell them you think you've started paying back your student loan before the April after you left university and you'd like to reclaim the cash.

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