Pension Advance for Someone for Mid 20's

[OnLooker]

I am in my mid 20's. I own a house & am on 36k a year.

Can someone please advise what are my best options with regards to pension schemes. Thanks

 

[sunshine?]

Your paying 4,000 a year at the high rate of tax. So best advice would be to put this into a PRSA. After tax relief it will cost about 2300 net. By law your employer must make some sort of pension provision, and who knows they may even contribute something as well - depends on employer.

 

[asdfg]

If you set up the pension before Oct 31 you can offset the contributions against your gross salary for 2005. Pay whatever you paid at the top rate into a pension fund. You will get back approx 48%.