The risk to State Savings is discussed at length in this thread and we do not need to reopen another front.
I have copied this from another thread where two retired public servants had a substantial part of their savings in State Savings. Rather than take that thread off topic, I will start a new thread as it will affect other cases. I do not expect the Irish Exchequer to default. However, you...
askaboutmoney.com
If you believe that there is a risk, then you should diversify away from anything guaranteed by the state.
If you think that there is no risk, as seems to be the majority view, then your current plan is fine.
Overall, though you should probably move all your free investments into equities.
Brendan