Personal details
Age: 40
Spouse’s age: 37
Number and age of children:
Two, ages 2, 3 months
Income and expenditure
Annual gross income: €52000
Annual gross income of spouse: currently on maternity leave.
Monthly take-home pay: €2700 (less pension contributions)
Type of employment: PAYE
In general are you:
(a)spending more than you earn,
(b) saving
Summary of Assets and Liabilities
Family home worth €450k, mortgage paid off.
Cash of €40k
State saving investment due January 2023 worth €140k
Other bits and pieces worth approx €15k
Defined Contribution pension fund: €75k
Other borrowings: n/a
Do you have a pension scheme? Yes, I have a defined contribution pension in which I put in 25% of my income (including AVC contributions) and my employer adds 8%.
My wife has just started one in the last year and is also putting in the max amount of AVCs to avail of tax relief.
Do you own any investment or other property? No
Other information which might be relevant:
My wife is currently on maternity leave and will go back to work part-time in 2023. I would expect her to have a gross income of €30000
We are putting €500 a month into a Zurich fund as a form of regular saver.
We are also putting another €500 per month into a 3rd level fund for our two children.
Life insurance: I have life assurance and illness cover provided my employer.
What specific question do you have or what issues are of concern to you?
By early 2023 we will have a lump sum of approx €150k to invest with.
I guess we are looking for something medium to long term that will beat inflation at the very least... Any suggestions or recommendations for us?
Age: 40
Spouse’s age: 37
Number and age of children:
Two, ages 2, 3 months
Income and expenditure
Annual gross income: €52000
Annual gross income of spouse: currently on maternity leave.
Monthly take-home pay: €2700 (less pension contributions)
Type of employment: PAYE
In general are you:
(a)
(b) saving
Summary of Assets and Liabilities
Family home worth €450k, mortgage paid off.
Cash of €40k
State saving investment due January 2023 worth €140k
Other bits and pieces worth approx €15k
Defined Contribution pension fund: €75k
Other borrowings: n/a
Do you have a pension scheme? Yes, I have a defined contribution pension in which I put in 25% of my income (including AVC contributions) and my employer adds 8%.
My wife has just started one in the last year and is also putting in the max amount of AVCs to avail of tax relief.
Do you own any investment or other property? No
Other information which might be relevant:
My wife is currently on maternity leave and will go back to work part-time in 2023. I would expect her to have a gross income of €30000
We are putting €500 a month into a Zurich fund as a form of regular saver.
We are also putting another €500 per month into a 3rd level fund for our two children.
Life insurance: I have life assurance and illness cover provided my employer.
What specific question do you have or what issues are of concern to you?
By early 2023 we will have a lump sum of approx €150k to invest with.
I guess we are looking for something medium to long term that will beat inflation at the very least... Any suggestions or recommendations for us?
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