Hi there, Mr. Bear and I put 20% of our salaries into our pension and have done for a few years. We were switching mortgages a few years ago and we asked about the AVC contribution.
We were told by our broker that because it is an optional saving, we could at some point change what we input into the pension.
If I were you, I would put money into a pension - as you are 39 and while you do have substantial savings you will need money when you retire...
P..
Hi marti, my pension is up!!! I have been doing this for 5 years! The reality is though its not up by a huge amount. However I want to live on something when I'm retired other than a state pension.
Currently with pensions the tax break does make it worth it, if you are in the 40% bracket. I am roughly the same age as the OP, and i think it is important that I make some provision for my retirement.
If you work for the government isn't your pension guarenteed? assuming you are permanent.Pinky im in the exact same position and work for the government
If you work for the government isn't your pension guarenteed? assuming you are permanent.
The OP need not part with his lump sum! There are PRSA's and other options. The OP can do both, use lump sum for house and contribute to pension..
sorry to say this but nothing is guarenteed in this country. NOTHING!
Hi there, Mr. Bear and I put 20% of our salaries into our pension and have done for a few years. We were switching mortgages a few years ago and we asked about the AVC contribution.
We were told by our broker that because it is an optional saving, we could at some point change what we input into the pension.
If I were you, I would put money into a pension - as you are 39 and while you do have substantial savings you will need money when you retire...
P..
just wondering if your mortgage broker and your pension broker are the same person?
You do realise that words writen in bold in the internet is taken to mean shouting!!
The reality is if you are a state employee you do have better pensions that those in the private sector. I know you dont know exactly what your pension will be when you retire however trust me your unions will fight all changes!!!
If you do work in the public sector - are you really in a position to advise someone how to manage a pension?? And please dont take offence, but you do have some guarentee...
I know! Howoever the OP is asking whether or not they should set up a pension, we all know the state the country is in.redundancies can be directed
Yes. The younger you start the better.hoped someone with better knowledge could advise me the route? someone suggested i should wait til i get a mortgage/home before considering starting a pension, hence my
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