Hello,
I earn about 21,500 per year and have just realized that if I start a pension (i am 40), my prsi will reduce to half as is will be on AL instead of AI. Also I will pay less tax. Basically, my Company will put in 60 euro and I will put in 60.00, so saving 120.00 will only cost me about 20.00 in the month (as my prsi and paye will be reduced. I guess I would be mad not to do it.
With work, we can only join AIB or Irish Life. Any recommendation. Am I mad at my age to start. Neither my husband or I are great earners.
K
I earn about 21,500 per year and have just realized that if I start a pension (i am 40), my prsi will reduce to half as is will be on AL instead of AI. Also I will pay less tax. Basically, my Company will put in 60 euro and I will put in 60.00, so saving 120.00 will only cost me about 20.00 in the month (as my prsi and paye will be reduced. I guess I would be mad not to do it.
With work, we can only join AIB or Irish Life. Any recommendation. Am I mad at my age to start. Neither my husband or I are great earners.
K