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/grisewood Sep 21 '21 edited Sep 21 '21

30s, 90k after almost 6 years of contributions. Wish I'd started contributing and maximising contributions earlier.

Could be wrong but if you turned 30 this year, you would be able to get tax relief up to 20% for this year

2

u/0mad Sep 21 '21

Yup, I am aware that I can contribute 20% now. Just waiting.

Not bad after 6 years. I was in Australia for 2 years, so took a pension hit. Getting back on track now though

1

u/0mad Nov 04 '21

I am now contributing 20% thanks to your comment. Why wait?