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?

3

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.