I am fortunate to have a lump sum coming in early next year in the region of 400k. I am single with 2 children, one of whom is under 18 and I am a home owner mortgage free but have no pension. I really am clueless when it comes to investing so any advice would be appreciated. I'd need easy access to some of it (maybe 50k) but not all. Thank you!
Lump sum- not sure what to do!
- Thread starter KM1999
- Start date
I have life assurance. Can you direct me to the money makeover section please? First time user! Thanks
Personal details
Age:
Spouse’s/Partner's age:
Number and age of children:
Income and expenditure
Annual gross income from employment or profession:
Annual gross income of spouse:
Monthly take-home pay
Type of employment: e.g. Civil Servant, self-employed
In general are you:
(a) spending more than you earn, or
(b) saving?
Summary of Assets and Liabilities
Family home worth €200k with a €100k mortgage
Cash of €25k
Defined Contribution pension fund: €400k
Company shares : €40k
Buy to Let Property worth €300k with mortgage of €300k
Family home mortgage information
Lender
Interest rate
Type of interest rate: tracker, variable, fixed.
If fixed, what is the term remaining of the fixed rate?
If tracker, what is the margin e.g. ECB + 1%
Remaining term: (Original term is not relevant)
Monthly repayment:
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card?
Buy to let properties
Value:
Rental income per year:
Rough annual expenses other than mortgage interest :
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Do you have a pension scheme?
Do you own any investment or other property?
Other information which might be relevant
Life insurance:
What specific question do you have or what issues are of concern to you?
Age:
Spouse’s/Partner's age:
Number and age of children:
Income and expenditure
Annual gross income from employment or profession:
Annual gross income of spouse:
Monthly take-home pay
Type of employment: e.g. Civil Servant, self-employed
In general are you:
(a) spending more than you earn, or
(b) saving?
Summary of Assets and Liabilities
Family home worth €200k with a €100k mortgage
Cash of €25k
Defined Contribution pension fund: €400k
Company shares : €40k
Buy to Let Property worth €300k with mortgage of €300k
Family home mortgage information
Lender
Interest rate
Type of interest rate: tracker, variable, fixed.
If fixed, what is the term remaining of the fixed rate?
If tracker, what is the margin e.g. ECB + 1%
Remaining term: (Original term is not relevant)
Monthly repayment:
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card?
Buy to let properties
Value:
Rental income per year:
Rough annual expenses other than mortgage interest :
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Do you have a pension scheme?
Do you own any investment or other property?
Other information which might be relevant
Life insurance:
What specific question do you have or what issues are of concern to you?
Thank you