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/the_one_jt Sep 21 '21

37, €102,426.30

Employer PRSA plan. I contribute 6%, employer 7%. I then put 14% AVC. Combined this is 27%. I might be contributing above the amount for tax relief as something I read says my employer contribution counts against my 20% for my age if it's a PRSA. Once I fully understand this I might reduce this amount, and move more into taxable accounts.

IrishLife 18.4% - Indexed Emerging Market Equity Fund 81.6% - Indexed World Equity Fund-Partially Hedged

Really have limited options here on what to invest in.


u/TarAldarion Sep 21 '21

Yes you are above the limit, you'll get hit with a tax bill I guess, not sure how they do it.


u/fungie89 Sep 24 '21

Just gets taken off the next year's, not a big deal.