r/irishpersonalfinance Sep 21 '21

What age are you, and how much is in your pension(s)? Retirement

With pensions in the news, I thought this would be an interesting discussion.

I am 30, and have 1 pension that currently contains €62,399.

I currently contribute 15% and my employer contributes 6%. Come January, I will up my contribution to 20%. I would have 2 pensions, but I merged them as my current one has much lower fees. My pension is 100% in Indexed Global Equity.

45 Upvotes

View all comments

13

u/jord-tech Sep 21 '21

I'm 26, have 1 pension with €10,212 in it. Contributing 5% & employer contributing 8%. Currently doing no AVC's due to having other financial commitments coming up - but plan to in the future.

6

u/Crackabis Sep 21 '21

8% from employer? That’s pretty decent!

2

u/jord-tech Sep 21 '21 edited Sep 24 '21

Aye it's not bad - 3%/5% or 5%/8% are the options given on joining.