C
COYW
Guest
Hi,
I am looking to get advice in relation to my pension. I am in my very early 30s and am working with my current company for just over 1 year. I switched to a hybrid pension at the start of this year and got quite a shock when I recently received my final projected pension payment IF I remain in this company until I retire in 30 years or so.
The new scheme was explained to us and I genuinely understood it as I work in the insurance sector but cannot understand how my final payment is so low. My final pension payment will be less than 1/3 of my current annual salary and I am currently in the €45K-€55K salary bracket. I myself am actually contributing more in one year to my pension than I will get when I retire.
I have requested a meeting with the consultant but would like to get an alternative opinion as this cant be right.
Thanks in advance.
I am looking to get advice in relation to my pension. I am in my very early 30s and am working with my current company for just over 1 year. I switched to a hybrid pension at the start of this year and got quite a shock when I recently received my final projected pension payment IF I remain in this company until I retire in 30 years or so.
The new scheme was explained to us and I genuinely understood it as I work in the insurance sector but cannot understand how my final payment is so low. My final pension payment will be less than 1/3 of my current annual salary and I am currently in the €45K-€55K salary bracket. I myself am actually contributing more in one year to my pension than I will get when I retire.
I have requested a meeting with the consultant but would like to get an alternative opinion as this cant be right.
Thanks in advance.