No. You should just join one that’s already established.
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Anyone else just finding out about pension auto enrolment?
How does it work? Do you get tax relief on it?
Is it a way for the Government to make you pay twice for the same pension?
6% of your income is going into it. They pay €1 for every €3 saved.
Does this replace the state pension?
Only if your not already in a scheme
Apparently for every 3 people working there’s 1 person on the state pension at the moment, in 20 years time it’ll be every 2 working for 1 claiming the state pension
Will you answer my question? If you auto-enroll do you get that pension plus the state pension when we eventually get to retire at 70?
Retiring possibly wont be an option in 30 years time for a lot of people.
Especially if they’re still renting some apartment in Dublin.
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70? No chance by the time you get there
Thats current intention yes
It’s a bit depressing to think I’ve around 35 more years work left unless I come up with some sort of brilliant idea.
There won’t be a state pension for anybody with a private pension in twenty years. I was told that once by a former Minister for Finance.
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That’s my thinking too
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Of course. It’s an EU-wide problem.
Does this apply to Public Sector pensions?
You’re fucked mate.
I am but i hope those overpaid cunts are too.
It’s the only way to keep the show on the road.
We’re heading for a cliff edge on the social contract.