I think this is national savings week or something like that. I'm looking again at opening a PRSA and putting aside some 'surplus' income from 2007 to avoid paying top rate of tax on it.
BUT there has been a fair amount of negative publicity recently with regard to pension funds dropping well below what the punters put into them.
This obviously causes me some concern as to security of what I might put in. Is this rational!!?
I also perceive (but perhaps erroneously) that given the fall in stocks/shares etc., this might be a reasonable time to start such a scheme as investments would be made at a time when better value could be got. Of course, I also realise the values could drop further .. but how to make a decision for an ordinary self employed person
Thanks for any advice you can give.
Confused.
BUT there has been a fair amount of negative publicity recently with regard to pension funds dropping well below what the punters put into them.
This obviously causes me some concern as to security of what I might put in. Is this rational!!?
I also perceive (but perhaps erroneously) that given the fall in stocks/shares etc., this might be a reasonable time to start such a scheme as investments would be made at a time when better value could be got. Of course, I also realise the values could drop further .. but how to make a decision for an ordinary self employed person
Thanks for any advice you can give.
Confused.