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/kidspudi Sep 21 '21

26, ~20k in a mixed asset growth fund. I contribute 4% and employer contributes 10%.

I actually work in pensions and a lot of you are making me look bad lol FYI the average age for starting a pension in Ireland is around 37, typically people would contribute 5% which is matched by their employer. So the vast majority of the people here are way ahead of average worker!

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u/0mad Sep 22 '21

Great to hear!

Do you have any other pension stats for Ireland? Like the average annual pension for a retired person? Average retirement age (for people not dependent on state pension)? Average pot size at retirement age? It is a fascinating world.