@rupereta Firstly - well done.
I definitely think you should up your pension contributions. It is by far the most tax efficient way to invest in Ireland. If I was you I would be putting in the max 15% and let it compound for years and years tax free.
I probably wouldn’t bu property as an “investment” but if you are moving out from home and need somewhere to live then it makes a huge amount of sense too especially if you can take advantage of the rent a room relief.
Be careful though if your total income for this goes even 1 euro over 14,000 all of it becomes taxable. At room rates in Dublin this probably means only renting one room really.
If I was you I would probably try to buy somewhere within commuting distance of Dublin, maybe a 3 bed, rent out two of rooms ensuring the amount comes to just under 14,000. This rent then will effectively pay your mortgage .
I definitely think you should up your pension contributions. It is by far the most tax efficient way to invest in Ireland. If I was you I would be putting in the max 15% and let it compound for years and years tax free.
I probably wouldn’t bu property as an “investment” but if you are moving out from home and need somewhere to live then it makes a huge amount of sense too especially if you can take advantage of the rent a room relief.
Be careful though if your total income for this goes even 1 euro over 14,000 all of it becomes taxable. At room rates in Dublin this probably means only renting one room really.
If I was you I would probably try to buy somewhere within commuting distance of Dublin, maybe a 3 bed, rent out two of rooms ensuring the amount comes to just under 14,000. This rent then will effectively pay your mortgage .