What are the options for my own pension?

Hi, I am a PAYE worker in the company pension plan but feel that the pension funds offered are too "safe", ie. I am relatively young and would like to invest into more risky type investments. Looking at the PRSA website the only options I see are other fund providers offering the same sort of non-risky funds or the type of funds that would secure an average return of 6%-8% long term. Can I invest into other funds and get the same tax relief as investing into PRSA's or the company pension fund?

Maximus12 said:

Hi, I am a PAYE worker in the company pension plan but feel that the pension funds offered are too "safe"

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Why? What sort of funds are they and what assets do they invest in?

Looking at the PRSA website the only options I see are other fund providers offering the same sort of non-risky funds

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Where are you seeing this? That is certainly not true in the general case. Lots of PRSAs offer high risk/return, high equity content, concentrated, etc. funds.

or the type of funds that would secure an average return of 6%-8% long term.

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And where are you seeing this?

Can I invest into other funds and get the same tax relief as investing into PRSA's or the company pension fund?

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What sort of pension do you have right now, what charges apply, what funds are on offer and does the employer contribute?