Increase pension contributions or...?

OnlyOnce

New Member
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1
Age:
32

Spouse’s/Partner's age:
N/A

Annual gross income from employment or profession:
€115,000

Type of employment:
Private sector - Tech

Expenditure pattern:
Definitely a saver.

Rough estimate of value of home
€500,000

Mortgage on home
N/A - Home bought in cash

Other borrowings – car loans/personal loans etc
None

Do you pay off your full credit card balance each month?
I don't have one

Savings and investments:
~€36,000

Do you have a pension scheme?
Currently, I'm contributing about ~€440 to my pension which my current employer matches.

Do you own any investment or other property?
No.

Ages of children:
None.

Life insurance:
Yes.

What specific question do you have or what issues are of concern to you?

I'm wondering if I should increase this or invest my additional cash elsewhere rather than letting it accumulate in my bank account.

I feel as though my position is pretty good and want to align myself for the future as best as I can.

Thanks!
 
You should definitely increase your pension contributions before making after-tax investments.

At your age/salary level you could (and should) contribute €23k annually.
 
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