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.

44 Upvotes

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7

u/InterestedObserver20 Sep 21 '21

I'm 35, have about 68k in my pension, which is nowhere near enough. My employer isn't the most generous with it so I need to start upping my contributions a lot.

4

u/fungie89 Sep 21 '21

Or get a new job.

7

u/InterestedObserver20 Sep 21 '21

I like my job.

8

u/fungie89 Sep 21 '21

Fair enough, that's more important.

4

u/InterestedObserver20 Sep 21 '21

It is and it's something I value quite a lot. I've had bad jobs and it's not worth the stress. And to be honest, I'm probably not going to get paid as much anywhere else for doing the same thing so the AVCs aren't too bad.