Hi Everyone,
The time has come to start my pension and I am trying to decipher all of the options. I am 28yrs old and work in a small private sector company; I currently pay 41% tax on approx €5000 per year and it is this portion of my 2009 income I wish to put in a pension before the October 31st 2010 deadline (I'm cutting it fine I know!)
I believe a PRSA is the best option for me and I would prefer to make an annual contribution rather than a monthly one so I could vary the amount annually depending on my circumstances and earnings.
My employer offers an option with AIB but the charges are high.
Would anyone have any recommendations for me?
I do have family that can set up with pension with a number of providers without commission - Standard Life and Hibernian - if that makes a difference.
Any advice is much appreciated!
G*
The time has come to start my pension and I am trying to decipher all of the options. I am 28yrs old and work in a small private sector company; I currently pay 41% tax on approx €5000 per year and it is this portion of my 2009 income I wish to put in a pension before the October 31st 2010 deadline (I'm cutting it fine I know!)
I believe a PRSA is the best option for me and I would prefer to make an annual contribution rather than a monthly one so I could vary the amount annually depending on my circumstances and earnings.
My employer offers an option with AIB but the charges are high.
Would anyone have any recommendations for me?
I do have family that can set up with pension with a number of providers without commission - Standard Life and Hibernian - if that makes a difference.
Any advice is much appreciated!
G*