Post office savings

cavanMan

Registered User
Messages
105
Hi guys..

My elderly parent wants to put 30K into the post office savings bonds and add myself as a joint holder.

Whats the implications for this type of scenario? tax and if one of us dies.

Thank you in advance.
 
Unless you are already over the CAT limit between parent and child of €280k or expect to be this effective gift of €15k should have no implications.

I think if one of the holders dies then their half goes into their estate in the normal way just as with a joint bank account, but I might be wrong.
 
On the flip side, if I want to effect new Savings Certificates for kids (both not earning - one in college, one in secondary school) in the form of Joint holders -over the €3,000 pa gift criterion - presumably there's no tax implications? No CAT problems here :)
 
Back
Top