Owen McGee

speaker

1,739 appearances 11 recordings 2 series first heard May 2026 last heard 3d ago

Owen McGee’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 11 in all, peaking in Sep 2026 with 3.

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Today with David McCullagh · Eoin McGee: Personal finance Q&A · 8 Sep 2026 podcast

I would be more of the opinion you use that five thousand for your son's benefit, and I wouldn't be looking to pass it over to them right now.

And if if you use it for their benefit and ends up in

When Euros Day's been passed to him in later on, they still benefited from on the on the double, if that makes sense.

I wouldn't be getting too complicated about trying to pass it to them now though.

trust

You c you could, but there are there could be tax implications and even with a ta even after you're gone, there may be tax implications.

Oftentimes I'm catching slightly off guard, but I think it's six percent up front and then one percent a year is a tax that's taken on every trust, your son might be exempt from it.

And again we're back to tax advice on this.

So activating the trust for the purposes of five thousand euros doesn't seem to me to be the right thing to do at this point in time.

And I think if you just

Use it for his benefit, he is still benefiting from it, but it's still in your control.

I didn't question it.

David, I didn't set that one up at all, but I really appreciate it.

Thanks.

Thanks, Darren.

I appreciate that going across the airwaves.

Okay.

Far ahead for the question there, Darren.

My best guess, we're all still guessing on this new PIA personal investment account.

My guess best guess is you're gonna have to cash them in, pay the tax and roll them over into the next one.

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