Five extra years on the labour market. So much can be the difference between an expensive and a cheap pension provider cost you, if you suppose that the brand will have the same to live for, when you stop.
It shows a calculation, which pensionsgiganten ATP has made in the newsletter the Fact.
– There is a very big difference between what it costs to get managed and invested his retirement savings in the Danish life insurance companies and pension funds. The differences between the highest and lowest costs, last year was so great, that the pension after a full working life would be about a third less in the scheme with the highest cost than in the scheme with the lowest cost, write ATP in the newsletter.
the Calculation takes starting point in a 25 year old in 2018, which is assumed to save up for 50 years until he will retire as the 74-year-old.
Although it may not seem much, when you look at the percent you pay in costs, then you should not let you cheat. It is also important to use a lot of money over the years.
Increase your expense f.ex. from 0.25 per cent. to 1.0 percent, it means you will get 17 percent less for yourself in retirement. And increase it to 1.75 per cent. are you missing one-third of the pension you would otherwise have been. It means that you have to work for many more years, if you want to have the same paid. Up to five years.
– If opspareren have to catch up the ‘lost’ retirement savings, so will opspareren had to postpone his retirement by five years and in the example to pull back as the 79-year-old instead of 74-year-old, write ATP.
79 years! Chew right on it.
the Newsletter has not converted the examples to the dollars and cents. However, in a previous number of the Fact, the ATP calculated that you will lose a little over a million dollars, if you save $ 2000. up to pension a month, in 40 years, at an annual expense of 1.75 compared with a of 0.05 per cent.
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