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.

43 Upvotes

View all comments

1

u/Affectionate-Ad8645 Sep 22 '21

26 , 20K ! Lost all my employer contributions from my last job cause I left before 2 years (was about a week off didn’t realise they took before the 2 years🙄) contributing 5% and employer pays 10%! I use my bonus for AVCs every year

1

u/teafather20 Sep 22 '21

If you have not transferred your pension from old into new you can withdraw it and put it into new as AVC and claim tax relief on it.

1

u/Affectionate-Ad8645 Sep 22 '21

It was the same pension company so it just kept my own contributions and took out the previous company contributions ! But that’s great to know for future reference!