B
bling25
Guest
had pension review with bank yesterday and they advise that we increase our payments, both myself and my husband have our own pensions.
we are currently paying 100 euro each in and i know myself thats probably too low as we set it up a few years ago and now we are in a much better financial position but yet i'm not sure if we should be paying in quite as much as they suggest.
they recomend a % of salary and they say 600 euro for my husband and 320 euro for me? is this too much? he is self employed and i work for him and our business can afford to pay that amount but i dont want to waste money either as so unsure of pensions at the moment, and wonder if we would be better putting the extra bit they suggest into a post office saving cert or similar (i know we would lose out on tax benefit from government but even without that i feel our money would be safe).
we also will have our mortgage paid in a few years so its not like we need a massive income when we retire. would love to hear what is the average contribution? thanks
we are currently paying 100 euro each in and i know myself thats probably too low as we set it up a few years ago and now we are in a much better financial position but yet i'm not sure if we should be paying in quite as much as they suggest.
they recomend a % of salary and they say 600 euro for my husband and 320 euro for me? is this too much? he is self employed and i work for him and our business can afford to pay that amount but i dont want to waste money either as so unsure of pensions at the moment, and wonder if we would be better putting the extra bit they suggest into a post office saving cert or similar (i know we would lose out on tax benefit from government but even without that i feel our money would be safe).
we also will have our mortgage paid in a few years so its not like we need a massive income when we retire. would love to hear what is the average contribution? thanks