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Confused about Pensions

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  • 10-02-2010 6:06pm
    #1
    littlejp
    Registered Users Posts: 715 ✭✭✭


    I've been told by my employer that due to my wages and the tax bracket that I'm currently in if I took €170 odd off my wages and put them into a pension or something similar then my take home pay would only go down by €40 due to my dropping down to a lower tax rate.
    This month I got a new bike on the "bike to work" scheme which works out at €84 a month for the next twelve. I am trying to figure out my options of what to do with the other €90 or so each month.
    I've been looking at pension options but it is all a bit too much to get my head around. We have no pension scheme in work.
    Basically, what I am looking for is something that I will be able to bring with me if I ever move to a job that has a pension scheme in place and something that I can put payments on hold if I were to lose my job.
    Does such a thing exist?
    Any advice would be very much appreciated.
    Tagged:


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    #2
    [Deleted User]
    Posts: 281 ✭✭ [Deleted User]


    Your employer is obliged to offer you a PRSA Scheme via salary deduction at work.

    It sounds like this type of product would suit your circumstances. Have a look at this

    If you pay for a PRSA from your own bank account you would need to claim any Tax/PRSI Reliefs through Revenue 'manually' (as opposed to it being done automatically by salary deduction)


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