Your Money: Pension? What's the point?
Retirees will enjoy less benefits as a result of the pension levy, and it’s putting them off saving, say experts, writes Emma Kennedy.
While retirement savers will typically consider fees when making decisions about how to invest their pension pot, there’s another drag on retirement income that’s hard to ignore.
A government levy on private pensions has wiped millions of euro off the value of retirement savers’ pension pots this year alone, and has yielded more than €2 billion for the state’s coffers since 2011.
The 0.6 per cent levy on private...
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