“Raided” is massively overstating it for starters; an average of 0.54% was taken each year for five years during the greatest economic crisis in the history of the State. Hardly cataclysmic.You cannot even be serious with this comment? Insane? what not to invest at 20% tax relief towards a pension? Give me a break even people who are pro pensions that I have spoke to and work in the pensions industry are on the fence about it been worthwhile for lower tax rate payers.
I could counter that argument with insanity is expecting your pension fund that was raided before to remain untouched by future governments , open your eyes to the way the world is going , there are going to be more pensioners than ever in years to come the majority of these are going to have not plans in place , where is the money going to come from? It's always the same the ones who made sacrifices will be funding the ones that didn't .
And with regard to choosing personal investments over pension investments, the numbers don’t lie. The choice is to invest post-tax monies in a manner that attracts tax all the way along versus investing pre-tax monies in a completely tax-free environment for a long period of time and then extracting a decent chunk of that tax-free with the rest at 20%, a lower USC rate, and no PRSI (post 66).