Photograph: iStockAnother week, another survey finds that people cannot get their heads around the concept of pensions and retirement savings. Almost one in 10 thought tax relief only kicked in after retirement. Only one in five was aware of the upper limit on the size of a pension fund. That was perhaps not too surprising given the average Irish pension fund amounts to less than a tenth of that €2 million figure. “People are being asked to plan for retirement without fully understanding the most important aspects of how pensions work,” Colm Power, managing director at NFP Ireland, said.

Source: The Irish Times November 13, 2025 17:15 UTC