Owen McGee

speaker

1,739 appearances 11 recordings 2 series first heard May 2026 last heard yesterday

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

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recordings per month · last 12 months

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

Appearances

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Today with David McCullagh · Eoin McGee answers your money questions · 22 Sep 2026 podcast

The way you increase it is your entitlement to the promise or how big the promise is, is by giving extra years of service. voice-verified

by putting in AVCs, typically those AVCs go into a separate pot. voice-verified

Now it's your money. voice-verified

And like, for example, if you had died yesterday and you would still go into the estate, it would still be your money. voice-verified

But what it's not doing is increasing the promise. voice-verified

It's increasing, actually what you'll end up with at the end is you'll have a defined benefit from the company voice-verified

but you'll also have an AVC that built up a defined contribution, whatever that pot is. voice-verified

And it can be really useful with a defined benefit scheme to have the AVCs going in as well because the idea of the AVCs might be you might get a bigger tax-free lump sum or a lump sum out of the pension and you'll have more options is the best way to put it. voice-verified

So, voice-verified

there's some thought process that's going around what someone might have said to you in the canteen or wherever they said it to you but what i would say is is it's not to be worried about like you're putting in how much you say you're putting in was it 400 euros a month you said voice-verified

yeah so if you're putting in 400 euros a month that means that if you're on the higher rate of tax you're it's actually costing you 240 euros a month from your after-tax income to put that 400 euros in like if i said to you if you head around the voice-verified

yeah if you voice-verified

If I said to you, if you went around the corner to the bookies and you gave them 240 quid and they gave you back 400, you'd jump on it, right? voice-verified

And that's a sure bet every single month. voice-verified

And it's building up your wealth. voice-verified

It's building up your pension pot. voice-verified

And it's giving you more options in retirement when you do go to retire. voice-verified

But rest assured, that money is yours. voice-verified

It's not disappearing off into the pension somewhere and never to be seen again. voice-verified

and I'd voice-verified

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