Nearing retirement couple of years roughly to go.
Currently 280k in DC scheme run by New Ireland.
At retirement ARF.
Fair amount of cash on the side.
Would it be wise to put say 200k or more into the pension over the next couple of years taken in to account small amount of the 200k will get relief at 20% and most of the money will get no relief.
Rationale. Any growth in the pension will be tax free. Fees in the pension are fairly low. Simple regarding tax etc. If I did not do this I would be investing in equities anyway.
Hope that makes sense.
Currently 280k in DC scheme run by New Ireland.
At retirement ARF.
Fair amount of cash on the side.
Would it be wise to put say 200k or more into the pension over the next couple of years taken in to account small amount of the 200k will get relief at 20% and most of the money will get no relief.
Rationale. Any growth in the pension will be tax free. Fees in the pension are fairly low. Simple regarding tax etc. If I did not do this I would be investing in equities anyway.
Hope that makes sense.