Starting a Pension or Not?

S

sixdraw

Guest
Hi all,
I am aware that this question has been asked before but as the circumstances surrounding tax relief etc. on pension contributions has changed recently I would like some advice.

I am a 24 year old graduate earning approximately €28K - €29K per annum.
I was contemplating starting to pay into a pension scheme, however as I expect to increase my earnings as I get older;
Am I not much better off to take all of my salary now and invest what I can than to receive relief at 20% and presumably pay 40% when I retire.

I'm not quite sure what is the best option for me as I know employers usually contribute the PRSI contributions which they avoid by me making pension contributions.

Thanks,
Sixdraw
 
It's all a bit up in the air, the relief may not go back to 20 but maybe on those figures you aren't paying the higher rate. Will your er contribute?

What's your accomodation situation, at home, renting, owning? Some think it better to sort this first if you can

If you can afford it put a small amount in now.
 
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