Irish Independent : Independent | Eoin McGee answers: ‘I’m earning €70,000 a year. How much should I be putting into my pension?’

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Eoin McGee replies to a 42‑year‑old earning €70,000 a year (with a €135,000 personal retirement bond and a 10 % employer pension contribution) who has about €1,370 left each month after expenses, advising that people aged 40‑49 can contribute up to 25 % of their gross earnings to a pension – roughly €17,500 – and claim tax relief on those contributions, making this a sensible target for building retirement savings.

Read more: https://www.independent.ie/business/money/eoin-mcgee-answers-im-earning-70000-a-year-how-much-should-i-be-putting-into-my-pension/a757847213.html

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