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In essence, at won't point does a wage become more than adequate, were a salary gives great growth in terms of pay, savings, pensions ect. I think maybe 60K is an ideal wage, maybe not if you've got four dependents.

Firstly, thank you all for the opinions - it is gladly received. From advice here and reviewing all said, I won't increase my pension contributions by a further 3K this December. I think I will place a standing order for the after tax amount to a savings account, that account can either be...

I've often wondered, what is an ideal wage? in Ireland. With the average industrial wage currently at 35K, and a living wage at €11.45 per hour / 23K per annumn at what point does a salary become ideal - without going into Rural VS Urban or scales of different professional, of course Mayo will...

Apologies if I was unclear, the pension instalments haven't affected living conditions or debt. Regarding the accounting, I'm not sure how you gather that but yes I've a small loan with the C.U that will be done soon. I'm lucky to be on a decent salary at this age.

If I may bring this thread back into line - I don't think everyone will agree with Brendan and I don't think Brendan will agree with the other view. My opinion, taken as a pinch of salt from a young lad is that the approach of Brendan and many others, "that you must buy a house at all costs"...

Understand what Brendan is saying and some very valid points made, although a mortgage brings huge mortgage interest, challenges of the housing market if need to sell, as mentioned we're working on a five year plan or so as we're still young to invest in a property. I think while we are renting...

Thank you Brendan. Fair point regarding compound interest, although I won't get tax relief on savings outside pension pot. Should have mentioned we are saving already, will increase from December.

Currently renting, but saving with partner for a property that will be for sale in two years, private sale. Is it not best to let a fund grow with compound interest as other variables like rent, transport and food are well covered for.

Just a pension health check please. I'm aged 27 and have been part of this pension scheme for the past three years. I'm currently paying into a 50:50 risk sharing scheme, DB Section & DC section. Just to note the Salary Cap is €48,000 - I expect to exceed that salary by 2021 - 2023...