@Brendan Burgess & everyone else who responded, just a quick check in on some points raised and thank you for your contributions and suggestions.
I just filed my tax return on the RIPs and my bill came to €9400.00. I do really need to get rid of them.
On the issue of CGT I'm relieved to say that I had an outstanding capital loss on a disposal of shares and rental property from many years ago, this was used to offset the loss from last year. Theres still 30K CGT loss to carry forward never mind the loss on my most recent foray with the stockmarket.
To respond to the points some of you raised.
On the question of downsizing the home; this would be my first choice however it does present an opportunity as an income stream in the future such as "rent a room" to a student or alternatively taking in foreign students. It also provides the potential for a gift to get the children on the property ladder.
On the question of my wife increasing her income, in January she's taking on more hours increasing her salary from 35K to 50K pa.
@Clamball has asked about my risk tolerance. I would consider this higher than most and foolhardy as I have seen with my current bag of loss making stocks.
@Gordon Gekko asked about moving my pension to a PSRA. I have already consolidated my pensions into Davy self managed pension bonds (4X bonds), unlike my share dealings this is concentrated on ETFs and has performed well.
I'll keep you posted on my progress....