Thank you for the time you put into making these videos, very informative and educational! If its no trouble, could you please do a video explaining the Public Service Single Pension Scheme, using the example of what those who entered the scheme in 2013 with €50k p.a. steady, are looking at getting on retiring at 60 (due to mandatory retirement age). A lot of confusion and frustration due to misunderstanding amongst people considering going for jobs in the public sector.
Most issues with civil service pensions is the fact you won’t get employer contributions unless you add 4-6% percent of you wage (AVC). This is how they sell the product. Either pay or miss out.
Investment account, meaning ISA, stock ISA, Higher interest savings account? I have started an AVC, I'm 44 yrs and all what you mentioned above for my age. Started a pension at 32 yrs.
The fees cornmarket charge are outrageous and the hoops you have to jump through to do AVCs yourself are pretty complicated. I am left feeling like a bird in the hand is worth 2 in the bush. In 25 or 30 years, the kind of returns you can hope for from an Irish AVC from cornmarket just arnt that amazing. Also for males, what if you just die quickly after retirement? It happens.
Am 43 mortgage be paid off in 3yr started AVCs last year was planning to use to take my workplace lumpsome without affecting my pension pot keep my highest annual pension. I will hit 40 yr pension contribution bye time I’m 64 also spoke to Strathclyde pension scheme last week they said there’s no longer max pension age in Scotland and can keep contributing.
Errrr......you perhaps have ignored that if you start an AVC early, then with growth a bigger pot is available by retirement age rather than start later > 40. I suppose if you start early, then by age 40 you might even stop paying into an AVC ...and watch the pile grow for free. Amazingly, there are some advantages in not buying a house in your 20s (the house might decrease in value or require very expensive repairs as an owner like a new roof/windows/doors/insulation/heating system etc). Its almost as though you are giving more of a lifestyle advice that you must be an owner. Lots of renters are part of Social landlords like a housing association and are protected by affordable rent increases.
Thank you for the time you put into making these videos, very informative and educational!
If its no trouble, could you please do a video explaining the Public Service Single Pension Scheme, using the example of what those who entered the scheme in 2013 with €50k p.a. steady, are looking at getting on retiring at 60 (due to mandatory retirement age). A lot of confusion and frustration due to misunderstanding amongst people considering going for jobs in the public sector.
Thank you so much for this video!
You are a stand up guy., who is giving honest advice
Most issues with civil service pensions is the fact you won’t get employer contributions unless you add 4-6% percent of you wage (AVC). This is how they sell the product. Either pay or miss out.
Investment account, meaning ISA, stock ISA, Higher interest savings account? I have started an AVC, I'm 44 yrs and all what you mentioned above for my age. Started a pension at 32 yrs.
The fees cornmarket charge are outrageous and the hoops you have to jump through to do AVCs yourself are pretty complicated. I am left feeling like a bird in the hand is worth 2 in the bush. In 25 or 30 years, the kind of returns you can hope for from an Irish AVC from cornmarket just arnt that amazing. Also for males, what if you just die quickly after retirement? It happens.
Can you do a video on what are the available investment options to a young baby?
How do I book a consultation?
Am 43 mortgage be paid off in 3yr started AVCs last year was planning to use to take my workplace lumpsome without affecting my pension pot keep my highest annual pension. I will hit 40 yr pension contribution bye time I’m 64 also spoke to Strathclyde pension scheme last week they said there’s no longer max pension age in Scotland and can keep contributing.
Errrr......you perhaps have ignored that if you start an AVC early, then with growth a bigger pot is available by retirement age rather than start later > 40. I suppose if you start early, then by age 40 you might even stop paying into an AVC ...and watch the pile grow for free. Amazingly, there are some advantages in not buying a house in your 20s (the house might decrease in value or require very expensive repairs as an owner like a new roof/windows/doors/insulation/heating system etc). Its almost as though you are giving more of a lifestyle advice that you must be an owner. Lots of renters are part of Social landlords like a housing association and are protected by affordable rent increases.
Bettye Islands
Speaks too fast!
If only you could reduce the playback speed or rewatch the video.
press the gear icon on the video, go to playback speed and adjust :-)
I watch it on x1.5 speed 😅