E
Eggball
Guest
Hi All,
I've been paying quite a substantial amount of my weekly wage over the last eight years into the Irish Life Consensus Fund as an AVC for my retirement (I'm 44).
Like a lot of people, I haven't been paying a lot of attention to it up to now, but having reviewed it the other day, it looks to me like the pot I've built up so far is only about 1,700 euro ahead of the contributions I've made to the fund.
Now, I'm aware that these kind of funds always take a healthy skelp of your contributions in the first few years as their payment, but even allowing for this, 1,700 euro doesn't sound to me like a lot, especially when they've given a rather conservative estimate of around 6% growth per annum. Do you think I should be looking for an alternative provision?
I've been paying quite a substantial amount of my weekly wage over the last eight years into the Irish Life Consensus Fund as an AVC for my retirement (I'm 44).
Like a lot of people, I haven't been paying a lot of attention to it up to now, but having reviewed it the other day, it looks to me like the pot I've built up so far is only about 1,700 euro ahead of the contributions I've made to the fund.
Now, I'm aware that these kind of funds always take a healthy skelp of your contributions in the first few years as their payment, but even allowing for this, 1,700 euro doesn't sound to me like a lot, especially when they've given a rather conservative estimate of around 6% growth per annum. Do you think I should be looking for an alternative provision?