Hey folks,
I have a simple decision to make and would appreciate your help - basically do I opt for purchase of notional service to enable retirement at 60. If so I'll have to buy about 3yrs and a few months. It's a guaranteed scheme - as in I know what I'm getting on retirement - total cost after tax relief is 100 euro per month. How do I calculate if this is a good deal or not - what's the maths is my question? As in:
1. How do I calculate the return on my 100 per month for the next 25 years
2. How would I figure if another method of saving would give a better return??
Thanks in advance
I have a simple decision to make and would appreciate your help - basically do I opt for purchase of notional service to enable retirement at 60. If so I'll have to buy about 3yrs and a few months. It's a guaranteed scheme - as in I know what I'm getting on retirement - total cost after tax relief is 100 euro per month. How do I calculate if this is a good deal or not - what's the maths is my question? As in:
1. How do I calculate the return on my 100 per month for the next 25 years
2. How would I figure if another method of saving would give a better return??
Thanks in advance