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Pension performance

  • 25-03-2023 07:42PM
    #1
    aceman67
    Registered Users, Registered Users 2 Posts: 7 ✭


    I have a small pension that I hadn't made any contributions to for about 10 years. I started contributing 400 euro per month in Feb 2022 and after a year the value is less now than when I restarted it. It had actually grown better the years I made no contributions. Is there anything I can do or just let ot run and see.

    Tagged:


Comments

  • #2
    walterking
    Registered Users, Registered Users 2 Posts: 1,297 ✭✭✭walterking


    Markets were down last year. I put a lump sum into a pension every year. 30k on 28th Feb 2022 was worth 27800 on 28th feb this year - and it was in a low risk prisma 2/3 fund (Zurich). The higher risk prisma 4/5 would have seen the balance at about 26k.

    But there's 8-10 years before I retire and I'm not concerned and might even move them into higher risk later this year.


    There was huge growth (50%) between Feb 2019 & feb 2022 in the s&p 500 which would be the benchmark. But it had to slow down as that rate of growth was unsustainable.



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