Pension/Savings

[Jdill]

I am over 50 working in the public sector for 18 years. My pension is worth approx €9000 per year. I have no other pension or debts. I have an income of €7000 per year from land rental and no plans to sell this at present. I have €150000 in savings in various banks. What are my best options for investing this for retirment, a pension/prsa or some other investment. I would be willing to take moderate risks if worthwhile. Thank you.

 

[South]

You can only have one occupational pension if you have only one occupational invome.

So, on the pensions side, if you would like to boost pension saving - you could check with your pension/hr department what the AVC options for your Pension Scheme are.

You might then compare these with the AVC options if you were to use a PRSA AVC for your AVC instead.

You might also condier making some lump-sum investments with your money that is sitting in a bank account.

Equity, Property, Commodity, Private equity might all be suitable asset classes, to name a few, if you are willing to take on investment risk with a 10 to 15 year investment view in mind...