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Pension question for contractors

  • 25-05-2015 01:24PM
    #1
    D Hayes
    Registered Users, Registered Users 2 Posts: 511 ✭✭✭


    I appreciate that there is a Banking/Pension forum, but I just wanted to get IT contractors' thoughts on pensions.

    I'm in my early 30s and have been putting a modest amount (approx 4% of salary) into a personal one, but recently switched over to creating and contributing to a company director's pension through my limited company. The contributions have been upped to approximately 9% of current salary.

    But just taking a look at some online pension calculators, there will still be a serious shortfall in what I hope to have in my pension compared to what I will actually have if I keep contributing at this rate (taking into account increases in relation to age etc.).

    Do you contribute to one?

    Any alternatives out there?


Comments

  • #2
    Senna
    Registered Users, Registered Users 2 Posts: 8,800 ✭✭✭Senna


    I know the feeling, it said I would have to contribute 25% of my wage to meet the shortfall.
    Probably best to meet with a professional pension advisor.


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