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@rhemajoy thank you, this was super helpful!

@giilife thank you, that was helpful; i thought the 8% would come off of the monthly rate but of course it will be on the whole pot, that changes it quite a bit.

@giilife that makes sense, but i am struggling a bit with the math. assuming the information is correct and 10% over the lifetime are paid in taxes and fees, is it not correct to assume that this just means i am investing 90% in a monthly scheme? my back of the envelope calculations gives an...

My bank in Austria is offering an "ETF as insurance product" which appears to be a retirement-fund scheme (i.e. either lump sum payment or monthly pension after a certain date) with included insurance for invalidity. Anyhow, it has a running cost of 8% for 5 years which drops to 2% after 5...