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Inflation (CPI) was 2.9% in the year to March. AIB (amongst others) offer 2-year term deposits @3%. I really don’t see the problem here…

Enjoyed that, Steven.

You are obviously in a very highly remunerated position, many congratulations. However, I’ve no doubt that the role is pressurised so, as an overarching objective, I think you should arrange your affairs on the assumption that you will be retiring at 55. Now, you obviously might keep working...

https://www.askaboutmoney.com/threads/term-deposits-fixed-lump-sum-savings.101813/

As an aside, are you sure €49k per annum is a reasonable estimate for your projected expenses post-retirement? You seem to be spending around €70k per annum at the moment and I doubt any of your kids will be entirely “off the payroll” in seven years.

I personally take the view that it’s prudent to have 10 years of projected expenses in cash on retiring. So, in your shoes, I would: 1. Continue maximising your tax-relieved contributions to both pensions and maintain an allocation of 100% to global equities in both pensions; 2. Diversify...

Small point, but do you understand how the gain on the Gold “ETF” will be taxed? I strongly suspect it’s not really an ETF at all and you will have to make a CGT filing when you sell Gold has certainly had a very good run of late. But historically it has been extremely volatile so I would...

You could (and should) be contributing 30% of your gross salary to your pension for 2023 and going forward, regardless of your employer’s contribution. That limit rises to 35% in the year you turn 55.

Your pension is very low for your age/salary level. IMO you should prioritise maximising your tax-relieved pension contributions for 2023 and going forward. Does your spouse have any scope to make AVCs or to purchase notional service? Do you really need a €1+m house if there’s just two of...

If it’s an occupational scheme, I assume he would get the appropriate relief through payroll.

That’s a very, em, modern arrangement!

New Ireland’s Passive Iris fund gradually de-risks as you approach retirement. So, yes, that’s a suitable fund to continue holding throughout the accumulation phase.

If your husband can comfortably afford to contribute 25% of his salary to a pension then I think he should fire ahead, even if a small element of the contribution only attracts relief at 20%. However, I suspect it would be more tax efficient for you to purchase notional service (on the...

Here’s the 2021 makeover for context - https://www.askaboutmoney.com/threads/family-of-6-newly-mortgage-free.222899/

For sure. I remember suggesting a couple of years ago that we might well look back at those cheap fixed rates with some envy. https://www.askaboutmoney.com/threads/should-borrowers-with-trackers-consider-fixing-general-guidelines.227263/?amp=1

In case it’s relevant, AIB has just reduced their green mortgage rates - https://m.independent.ie/business/personal-finance/aib-cuts-mortgage-rates-in-move-that-is-hoped-will-spur-rivals-to-follow-suit/a1810601258.html

By my calculations, in 14 years the OP will be 65, with 32 years service for pension purposes. No?

Are you maximising your tax-relieved pension contributions? Your pension pot looks a little light for your age/salary level. Also, does your spouse have a pension? Beyond that, I would suggest paying off your mortgage ahead of schedule and investing in energy efficiency upgrades to your home...

If you own a mortgage-free home worth €600k in your mid-40s, while maximising your tax-relieved pension contributions, I would suggest that your finances are already in good shape. Your kids are at an expensive stage - that won’t always be the case.

… due to a technical change to the main refi rate. https://www.rte.ie/news/business/2024/0314/1437989-0-35-rate-cut-likely-for-tracker-mortgages-in-september/