I
Do have a pension which I have not kept up with properly for the last few years - again I am very sceptical of pensions now as there seems to more and more stories about what you will actually get back on them - I have another 25 years before I will be 65. Maybe I am being very shortsighted but I just feel that things will be so different by then that I am more inclined to take my future into my own hands more and try and make good investments myself up until then and maybe invest a smaller amount in a managed pension fund. Goes against all current wisedom I know....
I am in completely the same situation as you. Have investigated pensions until my eyes and brains are sore and eventually decided to go with a PRSA - only because I was going with the herd not because I felt it was a huge plus. However I have spoken to Eagle Star today re PRSA and they are now pushing me towards a Personal Pension Plan rather than PRSA. So I have decided just as you said above. Will shove 20k into Quinnlife for the next 25yrs and forget about it until I retire and take my chances.
I hear what you are saying but we have to remember that it is not a tax saving but a tax dererral. You save one end to pay at the other or is this too simplistic a view?
Why???Property !!!
Property !!!
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