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/travelintheblood Sep 21 '21
  1. Have a €6k (inflation linked) per annum defined benefit pension from old job. Have €62k in current defined contribution scheme where I’m putting in c€30k per annum between mine and employers contributions

6

u/0mad Sep 21 '21

€30k is a nice annual addition. Great job!

2

u/travelintheblood Sep 22 '21

Cheers man. It is, I’m a bit behind where I want to be as didn’t contribute as much as I could/should in the past. Hoping current levels of contributions will make up for it over time