M
Bear in mind that the return of 6% is just illustrative and in no way reflects what may/will happen in the future in actual fact.The blurb from the scheme provider states that if you put €100 per month into a pension scheme from age 30 (my age) to 65 you will have a fund of €131000 assuming an annual return of 6%.
If for arguments sake I was to fix this figure at €700 for the 35 years it would give me a pension fund of 7*131000 = 917000
My 2007 salary is €56000 so my pension fund would equate to approx 16.4 times my 2007 salary.
The blurb from the scheme provider states that if you put €100 per month into a pension scheme from age 30 (my age) to 65 you will have a fund of €131000 assuming an annual return of 6%.
I think you need to compare your current salary with what the estimated fund value is in today's terms (rather than what it will be in 30 years)
If you roll back by 6% per annum say, then the value of your fund in todays terms is €159,659 (I think!!), which is 2.85 times your current salary
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