First Personal Pension

[Moneyman]

Hi Guys,
I have a pension (company pension) from previous employment.

However, I just started a new job without a company pension option.

Please advise on how to start a personal pension ?
I'm 34 so plenty of time for building up the pension fund but I want to start now ! I'm only thinking e100/month approx to start.

I'm a good saver, but not wise to financial investments ... yet !

Thanks,
Moneyman!

 

[Steven Barrett]

At €100 a month, you are best off with a PRSA.

You will need to increase the contribution over time. €100 a month increasing at 5% per annum will give you a fund of €60,350 (in today's money assuming inflation of 2%) at age 65.



Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)