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.


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u/elessar8787 Sep 21 '21
  1. 18k. I contribute 15% and my employer 12%. Invested in 100% global equity passive fund.


u/Apprehensive_Wave414 Sep 27 '21

Wow thats some contribution from your employer and yourself. What industry are you in. Just curious?


u/funderpantz Sep 21 '21

At 25 you should only be in high risk funds for the next 30 years. Its a waste of time being in a passive fund at your age


u/grisewood Sep 21 '21

Passive does not mean it is not high risk. Passive just means it follows some index and the fund is not actively managed


u/funderpantz Sep 21 '21

Yeah I misunderstood


u/elessar8787 Sep 21 '21

I don't think you understand what passive equity funds are if you think they aren't high risk.


u/funderpantz Sep 21 '21

You're right, I misunderstood. I'm assuming you are in IL, in which case the fund you are referring to is the right one for you


u/0mad Sep 22 '21

Hey. I like your manners. Nice to see on reddit