Marcellaf - on the pension thing, if your employer doesn't contribute then I'm not too sure - it's marginal in my opinion, at your age, and given that you don't own a house. It might be better hanging on for another couple of years and investing your cash in a deposit for the house when you feel ready to get in to the property market. Pensions or not, you might want to have some kind of idea about retirement planning (maybe join the civil service).
Bob
PS - the Pensions Board website would want to put the frightners up people!!
Bob,It may be tax efficient, but at 28 years of age, over the next 25-30 years inflation will erode any such advantage.Bob.
Not necessarily - investing indirectly in shares through a low charges unit linked fund while choosing a fund with a suitable risk/reward profile that matches your specific needs might be an option. Probably should be part of a well balanced portfolio for most people.I did think about shares alright but figured since I was only talking about small money that it wouldn't be worth my while. Plus, I know nothing about investing, and can't seem to get my head around it.
If I was to invest, the most I would be prepared to 'risk' would be 2k. Would the fees not outweigh any possible returns for this low amount?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?