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/Vaughany99 Sep 21 '21

Does anyone work for the public sector and contribute to a SPSPS pension. Do you have additional pensions with zurich or Irish life?


u/54nk Sep 21 '21

Yes, PRSA AVC with Davy


u/Bipitybopityboo27 Sep 21 '21

Yes. With Irish Life. If you joined the public service after 2012 you kinda need to set up a private pension. Pension currently worth 11k. Just recently upped the contributions considerably. Not too far off my 20% limit now. Hoping to be putting circa 7k a year into it. invested in funds with risk ratings of 5 to 7. Irish Life allow you to spread the pot over a max of 5 different funds.


u/Vaughany99 Sep 21 '21

Do you get employer contributions on the Zurich one?


u/serendipitous20 Sep 21 '21

Yeah separate pension from last job with Zurich. Can’t be relying on that public sector pension, need to work about 100 years in the public sector to reap the benefits of that scheme!