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Pensions - are they worth it?

  • 17-07-2013 7:45am
    #1
    Registered Users, Registered Users 2 Posts: 5,463 ✭✭✭


    So with an approved pension, I can get tax relief by paying contributions out of my gross pay, before tax.
    But only at 20%, not marginal rate.

    However, the government have the capability to "levy" any amount at any time, plus the fees and charges on Irish pension funds.
    And I can't access the funds until I actually retire.

    So is setting up a pension arrangement worthwhile, or am I better off just putting the money in the bank on some sort of term deposit? Or buying the government issued National Bonds?

    Thanks


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