Entering your 30s often means juggling major financial responsibilities — mortgages, childcare, or simply rising living costs. While it may be tempting to scale back on long-term savings, your 30s are one of the most valuable decades for building your pension.
Consistently contributing, even during busy financial periods, gives your retirement fund the maximum time to grow. Speaking with a regulated Financial Broker can help ensure you stay on track. Reference: www.brokersireland.ie
Why Cutting or Pausing Pension Savings Can Cost You Later:
Reducing or stopping pension contributions can mean losing out on:
- Tax Relief — pension contributions typically qualify for relief (Revenue limits apply). Reference: www.revenue.ie
- Employer Contributions — lowering payments may reduce matched contributions.
- Long-Term Growth — regular saving gives money time to compound.
Investment Illustration (age 35 → 65):
| Monthly Contribution | Total Contribution | Projected Fund |
| €100 | €35,800 | €52,888 |
| €300 | €107,400 | €165,415 |
| €500 | €179,000 | €277,942 |
| €1,000 | €357,000 | €556,613 |
“The earlier you start contributing to your pension, the more time your money has to grow — small steps in your 30s can create a big difference at retirement.”
Assumptions:
5.10% annual return reducing to 2.43% in final 15 years, 3% inflation, 0.9% AMC, €4.50 fee, 4% renewal commission.
General Warnings:
Figures are estimates only. Investments may fall as well as rise. You may get back less than invested. Pensions normally inaccessible until retirement. Currency fluctuation risk may apply. Tax rules may change (see revenue.ie).
- The value of pension investments may fall as well as rise.
- You may get back less than you invest.
- Pension benefits usually cannot be accessed until retirement age.
- Tax laws and reliefs may change in the future.
- For the latest rules, always refer to www.revenue.ie.
