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@scripturewinds Agreed 100%

@scripturewinds I fu#$ing wish... They're not matching my contribution... Read the post. They're contributing 10% of MY CONTRIBUTION! e.g. I put in 10%, they put in 1%

@hendrix Yeah, that's bad...

@resjudicata https://www.labrokers.ie/prsas-ireland-personal-retirement-savings-account-pension-plan/ These guys seem to charge 0% on contributions i.e. 100% allocation & have a 1% annual charge - haven't used them, so can't confirm. Worth checking what your annual charge is. Lowest I've come...

I'm in the process of setting up a PRSA with a local 'financial consultant '. At the outset the fees were outlined to me as follows (and I copy & paste from his email)... * No Policy Fee. * No Exit Fee. * There is a total Annual Management Charge (AMC) of 1.5% for standard funds (1% to the...

@spinuscyn Yes, really only matching 10% of my contribution... Assuming zero growth and contributions staying the same, for first five years i.e. my contribution of 15k per year plus employer contribution of 1.5k per year... Pot = my pension pot AMC = 1.5% annual management charge...

@spinuscyn That was my original plan - a self-directed Davy Select PRSA buying the most diversified Vanguard fund I can find. At 0.75% annual charge it beats the hell out of the 1.5% charge on the company scheme. I calculated that after 5 yrs of paying in 30% of 50k (I work part time) the...

@ken405 Afraid I understood it precisely... It's shite.

@cidalia No misunderstanding

@vescd Verified with company today, it's 10% of MY CONTRIBUTION... Miserable.

@vulcanlogician Unfortunately after re-reading I think there's no misunderstanding. On my first reading I thought 'great 10% of salary'... Then reality hit. It's abysmal and frankly an insult. Btw, the offer is quoted word for word from the email I received.

@peter1000 I've quoted word for word from offer email. Unfortunately there's no misunderstanding... As in the example they give... I contribution 1000, they contribute 100.

@vulcanlogician 'Insulting' is precisely the word that came to mind. Frankly I'd have been happier if they said they didn't do pensions and left it at that.

My employer has made me an offer on a pension plan... Will contribute 10% of whatever I decide to pay e.g. if I contribute €1,000 they will contribute €100 No Policy Fee. No Exit Fee. There is a total Annual Management Charge (AMC) of 1.5% for standard funds (1% to the Insurance Company & 0.5%...