Hallo Folks,
I have a question about pensions. I thought maybe someone might have some opinions to add.
I started teaching a couple of months ago and was trying to work out my options. I have seen all the negative postings about Cornmarket and don’t really want to deal with them.
I also have to consider buying back years so I can retire at 65. I probably will do this. However at the moment they seem to only take out 120 .00 Euros a month out of my pay for pension payments. It doesn’t seem very much. Hence I was thinking of setting up a low-cost PRSA that I could make AVC’s to every now and then especially to benefit from the tax benefits.
Also I have a maturing SSIA and was thinking of taking 7,500.00 of this and putting it in the PRSA to get started and as I earn less than 50,000.00 I would get the government bonus as well.
That’s the plan, any of you more knowledgeable people have any comments to make???
Míle Buíochas
I have a question about pensions. I thought maybe someone might have some opinions to add.
I started teaching a couple of months ago and was trying to work out my options. I have seen all the negative postings about Cornmarket and don’t really want to deal with them.
I also have to consider buying back years so I can retire at 65. I probably will do this. However at the moment they seem to only take out 120 .00 Euros a month out of my pay for pension payments. It doesn’t seem very much. Hence I was thinking of setting up a low-cost PRSA that I could make AVC’s to every now and then especially to benefit from the tax benefits.
Also I have a maturing SSIA and was thinking of taking 7,500.00 of this and putting it in the PRSA to get started and as I earn less than 50,000.00 I would get the government bonus as well.
That’s the plan, any of you more knowledgeable people have any comments to make???
Míle Buíochas