Brief
Martin Lewis says lasting power of attorney costs £92 and is more vital than a will
Lewis argues a lasting power of attorney safeguards assets if mental capacity is lost, and highlights regional fee differences.
By Felo News Desk · Published
Money Saving Expert founder Martin Lewis urged people in the UK to obtain a lasting power of attorney (LPA), calling it "more important than a will" during his BBC podcast on 12 October 2026.
What happened
Lewis explained that an LPA allows appointed "attorneys" to make financial and health decisions for someone who loses mental capacity. He said the document costs £92 to register in England and Wales, £96 in Scotland, and £180 in Northern Ireland.
What was said
"Wills are really important, but in my view, a power of attorney is even more so," Lewis told the BBC, adding that without an LPA "the money you need to pay for your care is locked away and inaccessible". He warned that loss of capacity can affect anyone, not just the elderly, citing strokes, accidents and early dementia as examples.
How it came about
Lewis has promoted the LPA since his 30s, noting that he has had one in place for decades. He linked the advice to broader financial planning, urging people to consider who they trust to manage funds and ensure savings are correctly invested.
Key facts
- Martin Lewis called a lasting power of attorney more important than a will. (independent.co.uk)
- The registration fee for an LPA is £92 in England and Wales. (independent.co.uk)
- In Scotland the fee is £96, and in Northern Ireland it is £180. (independent.co.uk)
- Lewis said an LPA prevents money needed for care from being locked away if mental capacity is lost. (independent.co.uk)
Sources
- [1] independent.co.uk — originally reported as “Martin Lewis urges Brits to sign £92 document ‘more important than a will’”
