C
carriedaway
Guest
Hello All,
I need some advice on a private pension, I started a new job back in March and luckily I now have quite a bit of spare cash at the end of the month. I have a PRSA which I have been putting just over €200 PM into (I simply didn't have the income to put more in until now), my employer doesn't have a pension scheme, I might be able to get one in a year or so but they are not willing to make a contribution at the moment.
I probably have €1000 or more left over at the end of every month, after all bills and living costs are covered, should I put half of this into the PRSA, or should I go with a high interest savings account? I'm reasonably happy with my current PRSA provider, but admittedly don't know enough about pensions to know if I'm getting the best deal possible. What are the best performing pension providers at the moment and which would you recommend in my situation. I'm 30, married with two kids and earn roughly €55k (job looks secure, for now at least), my wife works one day a week and earns probably 5k a year. We have no mortgage or loans and a healthy savings account which will be used for a house depoisit when prices return to something approaching sanity and we find the right house. We are both fairly frugal, enjoy the odd night out and meal etc, but are careful with money generally. While there is great security in having savings I feel I have not adequately planned for retirement, any ideas? I have begun to do a bit of research on pensions etc, and some of the advice I have gotten is that the admin fees eat up much of your return and it may be better to look at other investments, confused!
I need some advice on a private pension, I started a new job back in March and luckily I now have quite a bit of spare cash at the end of the month. I have a PRSA which I have been putting just over €200 PM into (I simply didn't have the income to put more in until now), my employer doesn't have a pension scheme, I might be able to get one in a year or so but they are not willing to make a contribution at the moment.
I probably have €1000 or more left over at the end of every month, after all bills and living costs are covered, should I put half of this into the PRSA, or should I go with a high interest savings account? I'm reasonably happy with my current PRSA provider, but admittedly don't know enough about pensions to know if I'm getting the best deal possible. What are the best performing pension providers at the moment and which would you recommend in my situation. I'm 30, married with two kids and earn roughly €55k (job looks secure, for now at least), my wife works one day a week and earns probably 5k a year. We have no mortgage or loans and a healthy savings account which will be used for a house depoisit when prices return to something approaching sanity and we find the right house. We are both fairly frugal, enjoy the odd night out and meal etc, but are careful with money generally. While there is great security in having savings I feel I have not adequately planned for retirement, any ideas? I have begun to do a bit of research on pensions etc, and some of the advice I have gotten is that the admin fees eat up much of your return and it may be better to look at other investments, confused!