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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1

u/kdamo Sep 21 '21

26 - 12k, contributing 6% employer matching that. Have it split into 4 different higher risk funds as of very recent, not sure if it’s a smart strategy but will ride it out for a while to see

1

u/0mad Sep 21 '21

What are the 4 funds? Sometimes too much diversity if not as diversified

1

u/kdamo Sep 21 '21

High Growth Fund, Index World Equity Fund, Indexed Ethical Equity and Moderate Growth Fund

2

u/0mad Nov 04 '21

Index World Equity Fund

At 26, this one is all you need, and where I would allocate 100% of my pension (I have done this)

2

u/kdamo Nov 09 '21

I’ve followed your advise, people in my company seem to have the same opinion. Let’s hope it pays off ;)

2

u/0mad Nov 09 '21

See you at 65 years old mate 👍