Starting your pension earlier
The earlier you start your pension the better. Why?
Firstly, Pension investing is very tax efficient.
For example, if you are a 40% tax payer;
If you invest EUR 120.00 the Irish Government will invest EUR 80.00
There will then be a total investment into your pension of EUR 200.00
Secondly, the power of investment returns and compounding!
The attached graphic above shows that if you were prepared to commit to investing EUR 120.00 a month from age 25, than at age 65 you could potentially have a fund of EUR 186,000- over a 40 year period a 25 year old will generate a 60% greater return than a person starting 10 years later!- over a 40 year period a 25 year old will generate a 180% greater return than the person who waits until they are 45.
IMPORTANT - Even if you are 45 and have not started a pension investment plan there is still time to catch up!
We are available to discuss your options, and we look forward to hearing from you.
telephone | 091441188 and/or email | office@nelsonlife.ie
RETIREMENT & PENSIONS | INVESTMENTS | LIFE INSURANCE | FINANCIAL PLANNING
Nelson Life Limited trading as Nelson Life is regulated by the Central Bank of Ireland.
WARNING: Past performance is not a reliable guide to future performance. WARNING: The value of your investment may go down as well as up. WARNING: You may lose some or all of the money you invest. WARNING: These funds may be affected by changes in currency exchange rates. WARNING: If you invest into this product you will have access until you retire (Pension Products). WARNING: The above content does not constitute investment advice, as it does not take into account the investment objectives, knowledge and experience of financial situation of any particular person. Prospective investors are advised to make their own assessment of the information contained herein and to obtain professional advice suitable to their own individual circumstances. WARNING: The information contained in this document is based on our understanding of current tax legislation and the current Revenue Commissioners interpretation thereof and is subject to change including retrospectively without notice. This is intended as a general guide only and is not a substitute for professional tax, legal and investment advice.