Age: 39
Spouse’s/Partner's age: N/A
Annual gross income from employment or profession: 58000
Annual gross income of spouse: N/A
Monthly take-home pay 29000
Type of employment: Private Sector
In general are you:
(b) saving?
Rough estimate of value of home 150K
Amount outstanding on your mortgage: 107K
What interest rate are you paying? ECB +.75
Other borrowings – car loans/personal loans etc none
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card? 1500
Savings and investments:
Boi Deposit A/C 24,500
KBC Reg Saver 24,500 +400 per month
Do you have a pension scheme?
DB Scheme with work
also AVC's @1800 P/A current Value 30K
Do you own any investment or other property?
NO
Ages of children:
N/A
Life insurance: mortgage protection
Serious illness cover in place
Hi,
I turn 40 this year and really have not being paying attention to my finances and feel i'm missing direction and a lack of Planning.
my employment is relatively stable but little likelihood of mayor salary increase
Questions:
1. I would like to get to a point where i can move house either by keeping my existing place current rental income would be circa. 900 p/m or selling an moving on what are people views on the best way to achieve this ?
2. should i be looking at life insurance ?
3. savings will be over 50K at year end with all other debts paid, where is the best place to put this? I would consider some medium term medium risk investment for a portion of this
4. I have started a spending diary to increase my monthly savings
5. what should i be doing about the AVC's
Spouse’s/Partner's age: N/A
Annual gross income from employment or profession: 58000
Annual gross income of spouse: N/A
Monthly take-home pay 29000
Type of employment: Private Sector
In general are you:
(b) saving?
Rough estimate of value of home 150K
Amount outstanding on your mortgage: 107K
What interest rate are you paying? ECB +.75
Other borrowings – car loans/personal loans etc none
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card? 1500
Savings and investments:
Boi Deposit A/C 24,500
KBC Reg Saver 24,500 +400 per month
Do you have a pension scheme?
DB Scheme with work
also AVC's @1800 P/A current Value 30K
Do you own any investment or other property?
NO
Ages of children:
N/A
Life insurance: mortgage protection
Serious illness cover in place
Hi,
I turn 40 this year and really have not being paying attention to my finances and feel i'm missing direction and a lack of Planning.
my employment is relatively stable but little likelihood of mayor salary increase
Questions:
1. I would like to get to a point where i can move house either by keeping my existing place current rental income would be circa. 900 p/m or selling an moving on what are people views on the best way to achieve this ?
2. should i be looking at life insurance ?
3. savings will be over 50K at year end with all other debts paid, where is the best place to put this? I would consider some medium term medium risk investment for a portion of this
4. I have started a spending diary to increase my monthly savings
5. what should i be doing about the AVC's