Familyman77
Registered User
- Messages
- 157
Personal details
Age:46
Spouse's age:40
Partner's age if not married:
Number and age of children:
7 and 11
Income and expenditure
Annual gross income from employment or profession:
Annual gross income of spouse/partner: n/a
Monthly take-home pay: €5900 ( includes average mileage allowance)
Type of employment - e.g. Employee or self-employed. Employee
Employer type: e.g. public servant, private company. Private
In general are you:
(a) spending more than you earn, or
(b) saving?
Need to save now after overpaying mortgage
Summary of Assets and Liabilities
Family home value: €380k
Mortgage on family home: N/A
Net equity: 380k
Cash: €10k
Defined Contribution pension fund:
Company shares : N/a
Buy to Let Property value: N/a
Buy to let Mortgage: N/a
Total net assets:
Family home mortgage information
Lender N/a
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: N/a
Other borrowings – car loans/personal loans etc - no other borrowings will need about 20k for a car in a year or 2
Do you pay off your full credit card balance each month? No credit card
If not, what is the balance on your credit card?
Pension information
Value of pension fund: €485k
Executive pension fund with contribution expectations of 30k per annum in addition to wage
Buy to let properties
Value: 0
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:
Other information which might be relevant
Life insurance: Term policy from old mortgage €275k until 2039, €100k death in service policy
What specific question do you have or what issues are of concern to you?
1. As single earner should I be looking at income protection or a more comprehensive life insurance
2. My next intention is to build up cash reserves again and then where should my focus lie
Thanks in advance
Age:46
Spouse's age:40
Partner's age if not married:
Number and age of children:
7 and 11
Income and expenditure
Annual gross income from employment or profession:
Annual gross income of spouse/partner: n/a
Monthly take-home pay: €5900 ( includes average mileage allowance)
Type of employment - e.g. Employee or self-employed. Employee
Employer type: e.g. public servant, private company. Private
In general are you:
(a) spending more than you earn, or
(b) saving?
Need to save now after overpaying mortgage
Summary of Assets and Liabilities
Family home value: €380k
Mortgage on family home: N/A
Net equity: 380k
Cash: €10k
Defined Contribution pension fund:
Company shares : N/a
Buy to Let Property value: N/a
Buy to let Mortgage: N/a
Total net assets:
Family home mortgage information
Lender N/a
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: N/a
Other borrowings – car loans/personal loans etc - no other borrowings will need about 20k for a car in a year or 2
Do you pay off your full credit card balance each month? No credit card
If not, what is the balance on your credit card?
Pension information
Value of pension fund: €485k
Executive pension fund with contribution expectations of 30k per annum in addition to wage
Buy to let properties
Value: 0
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:
Other information which might be relevant
Life insurance: Term policy from old mortgage €275k until 2039, €100k death in service policy
What specific question do you have or what issues are of concern to you?
1. As single earner should I be looking at income protection or a more comprehensive life insurance
2. My next intention is to build up cash reserves again and then where should my focus lie
Thanks in advance