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Pension setup

  • 12-08-2016 9:41pm
    #1
    wunderbar
    Registered Users, Registered Users 2 Posts: 9 ✭


    So, I'm 25 I'm currently working as an IT contractor just finished collecting for a 6 month emergency fund. Now the logical step would be to set up some kind of pension/plan for the future.

    Until recently I have never looked at pensions etc so the whole thing is just one big mystery.
    I have had a read through the thread which seems to be helpful, but again much of it does go over my head.
    ( cant post the link but the thread name is "Starting a pension at 30")

    I've also asked Davy's for some advice re pensions so am waiting on them.

    So my question is for any of yee in the know is what should I be doing. PRSA pension via Davy or similar? Or a combination of pension with something else?

    The more I look into this the more I realize I may need some kind of adviser, are there any recommended?

    Thanks


Comments

  • #2
    Merowig
    Registered Users, Registered Users 2 Posts: 413 ✭✭Merowig


    If you really want to go to an adviser find one where you pay him a fee and no6one who will get comissions on the products he his advising on...

    If you are a bit new with finance a slf directed PRSA via Davy is not recommandable in my eyes and you should look into a PRSA via LA brokers where you don't have any contribution charge
    http://www.labrokers.ie/pensions/


  • #3
    ftse100
    Registered Users, Registered Users 2 Posts: 187 ✭✭ftse100


    wunderbar wrote: »
    So, I'm 25 I'm currently working as an IT contractor just finished collecting for a 6 month emergency fund. Now the logical step would be to set up some kind of pension/plan for the future.

    Until recently I have never looked at pensions etc so the whole thing is just one big mystery.
    I have had a read through the thread which seems to be helpful, but again much of it does go over my head.
    ( cant post the link but the thread name is "Starting a pension at 30")

    I've also asked Davy's for some advice re pensions so am waiting on them.

    So my question is for any of yee in the know is what should I be doing. PRSA pension via Davy or similar? Or a combination of pension with something else?

    The more I look into this the more I realize I may need some kind of adviser, are there any recommended?

    Thanks
    Most decent companies have a staff pension plan and will add contributions along with your own. That is definitely the best way to get setup if you can find such a company. Going alone on it is not recommended at all..


  • #4
    3curiosity3
    Registered Users, Registered Users 2 Posts: 11 ✭3curiosity3


    I understand where you're coming from wunderbar - I've been reading many a forum / blog on the subject but I'm not much the wiser.I'd be in a similar position to yourself, wanting to get a pension started for a while now, but don't have any clue about where to start


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