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/Super_cereal3 Sep 21 '21

I’m 29 and have about €17k in my pension, I was a little late starting mine due to changing jobs frequently. I put in my max of 6% and my employer pays 7%. I am starting to put about 50% of bonus into my pension every year.

I’ve covered most major life expenses so I can now focus on putting extra cash into pension.