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Paying a pension is like donating your money to a stranger

  • 11-10-2022 4:00pm
    Registered Users Posts: 1,963 ✭✭✭Markus Antonius

    With a new "opt-out" corporate pension system being introduced to replace the current "opt-in" system, it raises a question I've always had especially for the 20-35 year old age group - Why on earth are you obsessed with paying so much into a pension?

    -You are young

    -You are broke

    -You need a place to live

    -Holidays to go on

    And you are making aditional contributions out of your pay because why? You get a tax break and a contribution from your company? Is this really worth it?

    You need this money now, stop donating to to a future version of yourself who you probably don't even like all for the benefit of blood thirsty pension companies

    Post edited by Markus Antonius on