Spreadsheets are great, but they’re not much craic.
Love this post Gordon! You seem like a really decent person! I'm kind of in the same situation as the OP. I'm starting a permanent single scheme pension job, 37 now, no real pension, but won't have full state pension due to time overseas.Yes, you could and should do that with a PRSA. Then when the employer scheme kicks in, it’ll probably be cheaper, so I’d divert everything to that and amalgamate the two.
There is a company called “LA Brokers” who do cheap(er) PRSAs on a “no advice” basis; you could try them.
You just want a Zurich Life PRSA invested in Zurich Life’s International Equity Fund (at least in my view). You want at least 100% of your money to be invested each time you make a contribution (i.e. ‘100% Allocation’) and you want your annual fee to be no more than 1%.
Please just do one thing though: No matter how much its value moves up or down and no matter what anyone is saying in the media or online re markets being expensive etc, just keep clipping away and putting your money into that strategy (or an equivalent one when the employer scheme gets going).
You should do very well if you follow that advice.
Congratulations by the way; you’re in great shape financially; an example for us all! Do make sure to enjoy some of it though.
Yes, you could and should do that with a PRSA. Then when the employer scheme kicks in, it’ll probably be cheaper, so I’d divert everything to that and amalgamate the two.
There is a company called “LA Brokers” who do cheap(er) PRSAs on a “no advice” basis; you could try them.
You just want a Zurich Life PRSA invested in Zurich Life’s International Equity Fund (at least in my view). You want at least 100% of your money to be invested each time you make a contribution (i.e. ‘100% Allocation’) and you want your annual fee to be no more than 1%.
Please just do one thing though: No matter how much its value moves up or down and no matter what anyone is saying in the media or online re markets being expensive etc, just keep clipping away and putting your money into that strategy (or an equivalent one when the employer scheme gets going).
You should do very well if you follow that advice.
Congratulations by the way; you’re in great shape financially; an example for us all! Do make sure to enjoy some of it though.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?