We’re always being told we should save more into our pensions. But deciding how much depends on what you can afford to save each month. Here’s Moneycube’s guide to working out how much you should put into a pension to start with. First, the obvious Because of the tax advantages, for many people, saving into … Continued
Category: Starting a pension
Moneycube’s pension service supplies clear, personalised advice to help you put a solid retirement savings plan in place.
If you’re thinking of starting a pension, browse our pensions blog for answers to big questions. You’ll find articles on how much you’ll need in retirement, when you should start saving and how to get started.
Please remember that this blog is not financial advice. To receive advice and start a pension using Moneycube, click here to contact us.
It’s never too late to start a pension. And with generous tax relief, longer lifespans and lots of investment options, it’s almost always worth doing. Moneycube explains why, and what you should do to start a pension today. Good reasons for starting late Many people worry they haven’t started saving for retirement early enough. But … Continued
With the average pension pot in Ireland somewhere in the region of €90,000, a pension pot of half a million is something many people can only dream of. But how far would it get you? We’ve carved up a notional €500,000 pension fund at retirement to see if it’s enough. Just want to get started? … Continued
Irish Life Multi-Asset Portfolios (or Irish Life MAPS) is hard to avoid. It’s the biggest multi-asset range of funds in Ireland. It sometimes seems like its advertisements are on the side of every bus. And AIB, Permanent TSB and Ulster Bank also promote it heavily. So is it right for you, and what’s the alternative? … Continued
Your 40s are typically some of your peak earning years. So how do you make the most of them? Here’s our top 5 money mistakes to avoid in your 40s. All your wealth in property Many people in their forties have paid down the mortgage on their house and seen their salary go up, and … Continued
The State pension currently pays €243.30 per week, or around €12,700 per year. It is paid to people from the age of 66. The age at which it’s paid is moving up: it’ll be paid from age 67 if you were born between 1955 and 1960, and from age 68 if you were born after 1960. … Continued
There is a lot of evidence that we postpone retirement planning because we find it too complicated and overwhelming. Don’t. When it comes to sorting your pension, you won’t sort it all at once. What’s important right now is to start as soon as you can, obtain the tax advantages, and get into a … Continued