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ETFs or private pension?

  • 08-08-2017 11:06pm
    #1
    LG1234
    Closed Accounts Posts: 310 ✭✭


    I am a public sector worker since 2008, 33 years old, own house with no mortgage, single.

    I have some extra cash each month that i want to put to good use. I already pay into my public pension so have been thinking of buying some ETFs recently as a way to invest.

    Is this the best thing to do? Or can i put more money into a separate private pension pot and get the tax relief on that to, to compliment my public pension? Id like to have a separate private pension in case when i retire in 30 years time the public service pension is reduced from what it is today. If not, then id imagine ETFs are a good way to build wealth for the long term.

    Any advice would be appreciated.


Comments

  • #2
    gawker
    Registered Users Posts: 285 ✭✭gawker


    I do both - but ETFs for me are shorter term, rather than retirement savings.

    The main difference here is tax treatment. If you set up a pension such as a PRSA, you can claim tax relief on your investment off your income, which is not available through ETFs.


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