I started a new job three months back mind you & it comes with a pension deal. Now I keep nagging & nagging at my boss to get it started, he's agreed to match up to 5% of my wages should I put that much in.
Now recently he told me he doesn't really believe in pensions since his dad took out one & when it matured it hadn't really grown plus there are fees. Now I'm concerned is a pension the best way to provide for my future even though its tax free & the government tops it up with €1 for every €3 I put in up to €7,500 giving me a nice juicy max of €2,500 for nought.
Are there any better alternatives to pensions in providing for my oul age & what is this regarding fees, I don't want to pay a load of fat cats my money for doing qwat all.
Wondering what you educated guys & gals might recommend.
Now recently he told me he doesn't really believe in pensions since his dad took out one & when it matured it hadn't really grown plus there are fees. Now I'm concerned is a pension the best way to provide for my future even though its tax free & the government tops it up with €1 for every €3 I put in up to €7,500 giving me a nice juicy max of €2,500 for nought.
Are there any better alternatives to pensions in providing for my oul age & what is this regarding fees, I don't want to pay a load of fat cats my money for doing qwat all.
Wondering what you educated guys & gals might recommend.