Published On: Sat, Jun 8th, 2019

Martin Lewis reveals Netflix price hike could cost you hundreds a year – how to SLASH cost

Martin Lewis, 47, spoke on This Morning to reveal Netflix is upping it’s prices. Last week, the popular streaming subscription service announced it will increase prices to up to £240 per year. New customers who join after 30 May will have to pay the higher monthly fee straight away, and it is also set to hit existing customers.

The Money Saving Expert revealed Netflix users will get an email to let them know when the price will rise but there are some ways to save money.

Martin said: “If you only signed up for a free trial, and then haven’t unsubscribed due to FOMO, ditch it. Think how much you use it.”

Netflix has three different plans that users will be subscribed to.

Basic plan: You can watch on one screen only costs £5.99 per month – no change in price

Standard plan: You can watch on two screens at the same time in HD costs £7.99 per month and is increasing to £8.99 per month

Premium plan: You watch on four screens simultaneously in ultra HD, costs £9.99 per month increasing to £11.99 per month

Martin told viewers how they could save money by changing which plan they are on.

“Many people are likely on its standard plan, but don’t use more than one screen at a time,” he explained.

“If so, switch to its Basic plan to save – switching from Premium could save £72 per year.

“To downgrade, login into Netflix, go to ‘Account’ and under ‘Plan Details’ hit ‘Change plan’.

“You’ll be switched to your new plan right away, but won’t get money back – you’ll simply pay less the next time you’re billed, so do it as close to your next billing date as possible.”

As well as revealing this tip, the Money Saving Expert has more tips on how to save on Netflix online

If parents and guardians are looking for something to do, Martin also explained how children can get free tickets to go to the theatre.

Martin said: “From 10am Tuesday 11 June, you can get a free child’s ticket to one of over 30 London theatre shows, when you buy a full-priced adult ticket on the Kids Week website. The tickets are for shows from 1 to 31 August.”

The shows on offer include Wicked, The Lion King, Matilda, Mamma Mia and School of Rock.

Earlier this week, Martin explained the difference between a Help to Buy and Lifetime ISA.

He explained how first-time buyers could save by taking advantage of the Help to Buy ISA

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