How does the budget affect my pension savings?

I am 50 years of age and have been saving heavily over the last 15 years for my pension, which is a defined-contribution plan. Dilemma:

17th December, 2005

I am 50 years of age and have been saving heavily over the last 15 years for my pension, which is a defined-contribution plan. My fund is currently worth about €1,800,000. I hope to retire at 60 years of age from my company, which I own. Dilemma:

I am unsure as to whether I will over-fund for my retirement, given the recent budget changes. I also fear that, in some perverse way, having been very responsible about saving...

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