Joining a pension scheme for the first time

[MysticX]

Hi all,
I'm planning on joining a pension scheme for the first time.
I've been reading up on pensions and trying to determine how to get the maximum benefit.

The company scheme is you pay 4% of your salary into the pension and they'll pay 6%.
Looking at the AVC side of things I'm in the age bracket for 15% max tax relief on pension contributions.
Thus I should opt to make an 11% AVC (15 - 4 = 11) at payroll (to get tax relief at source).
Overall this takes my total pension contribution to 21% of my salary?

Eventually when I fall into the next age bracket of 20% max tax relief I should increase the AVC accordingly?

The fund range is satisfactory for me and the charges very low so there's no reason to operate a PRSA as well? I don't need diversification / greater control over the pension management.

Is this making sense or did I get something totally wrong? (pension rookie here)

 

[irbx]

Hi i am no expert on this but i started my pension aproxmently 6 years ago.
my comany will match my payments up to 5%. so you company has good one.

i started with 5% and each year when i got a pay raise (Lucky i Know) i increased pension by just under this amount and i did not notice it increasing fairly fastly.

1st look at what you can afford

2nd If your higher rate tax payer ( look at last pay slip is Taxable pay for year higher then your cut off for year) again based on 1st point what you can afford should look to max payment to cover the different.

this could be the last year of getting up to 52% relief on your pension payments (paye,USC and prsi) we find out next week in the buget