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Picking a pension fund/scheme. Where do I start?

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  • 19-04-2012 10:24pm
    #1
    fret_wimp2
    Registered Users Posts: 1,905 ✭✭✭


    Im 30 and want to start a pension. I know I can afford 7-8% of my salary, but outside of that, I'm lost. I've done som research via google but I'm clueless when it comes to this area.

    Can someone start me off on how to get going, be it advice on an advisor to contact, or funds to look at or something.

    All help is appreciated.


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    #2
    Rhys Essien
    Registered Users Posts: 3,029 ✭✭✭Rhys Essien


    This should help you out.

    http://www.newireland.ie/pensions/im_new_to_pensions.aspx


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    #3
    Mort5000
    Registered Users Posts: 419 ✭✭Mort5000


    http://www.askaboutmoney.com/

    http://www.nca.ie/nca/pensions


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    #4
    Liam D Ferguson
    Registered Users Posts: 542 ✭✭✭Liam D Ferguson


    The Pensions Board has a useful calculator. http://www.pensionsboard.ie/en/Pensions_Calculators/


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    #5
    digzy
    Registered Users Posts: 3,049 ✭✭✭digzy


    fret_wimp2 wrote: »
    Im 30 and want to start a pension. I know I can afford 7-8% of my salary, but outside of that, I'm lost. I've done som research via google but I'm clueless when it comes to this area.

    Can someone start me off on how to get going, be it advice on an advisor to contact, or funds to look at or something.

    All help is appreciated.


    i wouldnt,poor performance and mgmt fees and levies negate the tax relief. every case is different but having money in a pension wont help you getting a mortgage.
    on the other hand if you pay tax at the higher rate there's good tax relief. way things are going the gvmt may reduce this. if so they're a complete no-brainer


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    #6
    hmmm
    Registered Users Posts: 11,205 ✭✭✭✭hmmm


    On a pension, I'm interested in a broad based fund and low charges. As a younger person, you'll also probably want to take on more risk, as long as you can cope with the ups and downs.

    This is a decent starter book for stuff like this
    http://www.familyfinance.ie/

    If you have a specialised situation, or are looking at investing a large amount, you should speak to an advisor.


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    #7
    hmmm
    Registered Users Posts: 11,205 ✭✭✭✭hmmm


    digzy wrote: »
    i wouldnt,poor performance and mgmt fees and levies negate the tax relief.
    Poor performance is down to the state of world markets, or your own choice - you could invest in a cash pension if you wanted. Anyone who allows themselves to be ripped off in fees is again doing this out of choice. There's hundreds of thousands of people who are successfully investing in pensions and providing for their own future, without having to rely on a capricious government.


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