From the State savings scheme to boosting your pension: Eoin McGee answers your questions
Summary
Financial planner Owen McGee joins David McCullagh to discuss whether state savings schemes beat inflation and advises that long-term, diversified investments are superior for horizons over five years. The segment covers maximizing pension contributions through employer matches and tax relief, while addressing a listener’s query on delaying defined benefit pensions. Additionally, McGee compares UK ISAs to Ireland’s new PIA scheme for cross-border workers and explains how homeowners can use equity loans for renovations or safely transfer property to children with a right of residency.
Topics discussed
Introduction and listener query submission details
Are state savings schemes still smart in high inflation?
Investing through market crashes and the AI bubble
Boosting pension pots and maximizing employer contributions
Understanding the tax advantages of pension contributions
Listener query: Delaying defined benefit pension maturity
Comparing UK Cash ISAs vs. new Irish PIA scheme
Using equity loans or mortgages for home improvements
Selling your home to a child: tax and residency rights
Closing remarks and sign-off
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