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Pensions

Martin1759 · 2017-07-01 14:44:13

I am looking for advice on pensions. I have a small work pension in which I am contributing too. As this pension will never grow to a large amount, is it possible to have a second personal pension that I can contribute to? I have a small second income outside of my main income that I would to use, so that it could both…

01-07-2017 3:44pm

#1

Martin1759

Registered Users Posts: 1 ✭

Join Date: July 2017

Posts: 0

I am looking for advice on pensions. I have a small work pension in which I am contributing too. As this pension will never grow to a large amount, is it possible to have a second personal pension that I can contribute to? I have a small second income outside of my main income that I would to use, so that it could both reduce my tax liability and grow my overall pension.

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Comments

#2 03-07-2017 12:22pm

Merowig

Registered Users, Registered Users 2 Posts: 413 ✭✭

Join Date: March 2010

Posts: 396

You can incease the contributions towards the pension of your employer. Check what the charges are of the work scheme. Especially when there is no contribution charges and the employer is covering the administration costs it makes sense to increase payments towards the work pension.

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