Pensions

Best way to bring your pension pot to the boil | Ireland

Some savers benefit from having more than one scheme while others should consolidate, writes Linda Daly

Witches’ brew: after years of toil — usually across several different jobs — getting the most from your accumulated pension pots can be troublesomeGETTY

As the concept of a job for life withers, workers can expect to change jobs up to 15 times over the course of their career.

Between 2000 and 2014, the percentage of workers in the EU in the same job for 10 years or more decreased from 17.5% to 12.5%, according to figures from Eurostat. Over the same period, the proportion of those in a job for three to five years increased from 17.7% to 19.4%.

The more jobs we have over the course of our lifetime, the more pensions we are likely to accumulate. The take-up of pensions in Ireland may still be quite low — 47% of all workers had a pension in 2015 — yet figures from the Central Statistics Office also show that…

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