If you are paying Class S you are covering yourself for State Pension so seems like you'll get two pensions
As far as I know yes - it would be.I also have a PRSA. Now, if I will not qualify for a non-contrib. pension, would that mean my PRSA would actually be counted as means?
On what basis is this projection made? Is it based on the current value of the fund, does it take into account ongoing contributions, does it assume a certain growth rate because nobody can predict future asset performance in advance, are you invested in the most appropriate funds/mix for your needs (most likely a high risk/reward/equity content if you have a while to go to retirement) etc.? Maybe you should consider increasing your pension contributions to avail of further tax/PRSI relief and with a view towards boosting your pension fund value long term? If in doubt you should consider getting independent, professional advice on what's best for your specific circumstances.Basically, my private pension works out at only 136 euro per week when I retire. So would I not be better off to just ditch this private pension?
Basically, my private pension works out at only 136 euro per week when I retire. So would I not be better off to just ditch this private pension?
Thanks
to be paying into a private pension fund without any income (as would be the scenario if you had to claim non-contributory state pension) is unusual, even unlikely. You're original question is more likely the case, yeah?
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?