Pension fund, what'll be left in it 20 years

donee

Registered User
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441
long story boring
in 2008 business went so stopped paying into private pension, the fund then was worth 14k, but after the recent raid on pension funds by the GOV and the likelyhood of more raids to come, and after seeing how much FEEs are taken from it on TV on Monday night, What if anything is likely to be left in it when I reach 65 in 20 years time?
Cheers in advance Donee
what also would be best to do now
 
Last edited:
long story boring
in 2008 business went so stopped paying into private pension, the fund then was worth 14k, but after the recent raid on pension funds by the GOV and the likelyhood of more raids to come, and after seeing how much FEEs are taken from it on TV on Monday night, What if anything is likely to be left in it when I reach 65 in 20 years time?
Cheers in advance Donee
what also would be best to do now

Hi - you should still be getting statements of the value of the fund from the trustees. If it was worth 14k 3 years ago, then we might assume it has suffered a loss over the last 3 years. If not, then the government tax of .06% would only be costing your fund €84 per annum, much much less than the tax breaks you should have received in making your pension contributions. Fees and charges will have a much greater effect on the fund. Over the next 20 years perhaps your fund will recover and move into profit?
 
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