Interest rate: Tracker at ECB + 0.5% so now 4.5%.
Individual Shares: €100K
Defined Contribution pension fund: €500k
And, if they are shares in your employer (via share incentive schemes, for example), you should consider selling them all and investing the balance after any mortgage lump sum repayment elsewhere in other, more diversified, shares. Holding onto them in such circumstances is concentrating risk by putting at least two eggs in one basket - your employment remuneration package and a big chunk of your net worth/savings.Likewise you should sell enough shares to clear the balance of your mortgage.
Apropos of that point, this thread might be of relevance:One you have cleared your mortgage and maximised your tax-relieved pension contributions, it might make sense to acquire some income generating assets in your spouse’s name (assuming s/he will have no other taxable income for the foreseeable future).
Your spouse won’t be eligible for homemaker’s scheme once youngest child is 12 so this will impact state pension eligibility.it might make sense to acquire some income generating assets in your spouse’s name (assuming s/he will have no other taxable income for the foreseeable future).
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