How much money will I need in retirement?

Thanks to advances in medicine, we’re all living a lot longer these days, one more reason to start investing in a pension

Significant tax advantages come with paying into a pension, while the earning themselves accrue tax-free. You can’t say that for any other savings product.

A recent survey uncovered the same thing that all surveys of this nature uncover. Despite the fact that we all think pensions are a great idea, more than half of us don’t own one.

Standard Life’s survey of 1,000 Irish adults revealed an overwhelming majority – 88% of respondents – think owning a private pension in addition to the basic state pension is a good idea. And yet the Central Statistics Office tells us that just under 60% of workers actually have pensions.