Age:40
Spouse’s/Partner's age:39
Annual gross income from employment or profession:60000
Annual gross income of spouse:60000
Monthly take-home pay-5800E ( I don't get as much in paycheque as I max out ESPP and another share option scheme)
Type of employment: e.g. Civil Servant, self-employed
I'm private sector multinational, she is Public sector
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving but not being overly anal about it-currently saving about 2K a month total but prob could do more
Rough estimate of value of home- 110-120K based on recent sales around us
Amount outstanding on your mortgage: Zero-paid off last year (8 years early)- its a small house in a rural ish area that suits us to the ground for commute and other nearby amenities
Other borrowings – car loans/personal loans etc- Zero
Do you pay off your full credit card balance each month? don't have a credit card
Savings and investments: Total of 60K in cash-sitting in bank doing nothing, also 12000 in shares-all in my company from schemes-most locked in holding period
Do you have a pension scheme? Yes-mine is defined benefit-not making NY AVCs, spouse is public sector pension
Do you own any investment or other property? No
Ages of children: don't have children-trying again at moment
Life insurance: none
What specific question do you have or what issues are of concern to you?
So currently sticking any spare cash into bank account but want to start doing something else with it as feel I am leaving a lot of money on table leaving it sit in bank account earning nothing. Pension is the obvious one and I plan to start sticking it into AVCs but unsure what to go with- we can use mercer at a very low commission through my company (I've been an idiot not doing this past few years but have only really got going career wise in recent years, my 20s and early 30s were financially a car crash to say the least)
I have a choice of Cash Target Lifesyle strategy (default ), ARF lifestyle strategy or annuity target lifestyle strategy- I don't have a clue which would suit
and then can select proportion tt invest in each of below
Equity Fund (world equity index fund)-high risk
Diversified growth fund (broad opportunities fund) high/medium risk
Bond fund (EUR corporate bond AAA/AA fund)-medium risk
Capital preservation fund (cash Fund) (sterling liquidity euro hedged fund)
I am also open to other investment funds but I'm sure I will be told that pension is only game in town due to the tax benefits
Would it be worth engaging with a financial adviser for advice on above? Im pretty sceptical on the Independence of most of them
Currently happy with where we are living but may want to move in 3-4 years (especially if we do have a kid)-for more space so will need to have deposit built for that-prices rising fairly fast here as this is an attractive area lifestyle wise for people looking to escape the city for WFH
Have no interest in investing in property TBH
Spouse’s/Partner's age:39
Annual gross income from employment or profession:60000
Annual gross income of spouse:60000
Monthly take-home pay-5800E ( I don't get as much in paycheque as I max out ESPP and another share option scheme)
Type of employment: e.g. Civil Servant, self-employed
I'm private sector multinational, she is Public sector
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving but not being overly anal about it-currently saving about 2K a month total but prob could do more
Rough estimate of value of home- 110-120K based on recent sales around us
Amount outstanding on your mortgage: Zero-paid off last year (8 years early)- its a small house in a rural ish area that suits us to the ground for commute and other nearby amenities
Other borrowings – car loans/personal loans etc- Zero
Do you pay off your full credit card balance each month? don't have a credit card
Savings and investments: Total of 60K in cash-sitting in bank doing nothing, also 12000 in shares-all in my company from schemes-most locked in holding period
Do you have a pension scheme? Yes-mine is defined benefit-not making NY AVCs, spouse is public sector pension
Do you own any investment or other property? No
Ages of children: don't have children-trying again at moment
Life insurance: none
What specific question do you have or what issues are of concern to you?
So currently sticking any spare cash into bank account but want to start doing something else with it as feel I am leaving a lot of money on table leaving it sit in bank account earning nothing. Pension is the obvious one and I plan to start sticking it into AVCs but unsure what to go with- we can use mercer at a very low commission through my company (I've been an idiot not doing this past few years but have only really got going career wise in recent years, my 20s and early 30s were financially a car crash to say the least)
I have a choice of Cash Target Lifesyle strategy (default ), ARF lifestyle strategy or annuity target lifestyle strategy- I don't have a clue which would suit
and then can select proportion tt invest in each of below
Equity Fund (world equity index fund)-high risk
Diversified growth fund (broad opportunities fund) high/medium risk
Bond fund (EUR corporate bond AAA/AA fund)-medium risk
Capital preservation fund (cash Fund) (sterling liquidity euro hedged fund)
I am also open to other investment funds but I'm sure I will be told that pension is only game in town due to the tax benefits
Would it be worth engaging with a financial adviser for advice on above? Im pretty sceptical on the Independence of most of them
Currently happy with where we are living but may want to move in 3-4 years (especially if we do have a kid)-for more space so will need to have deposit built for that-prices rising fairly fast here as this is an attractive area lifestyle wise for people looking to escape the city for WFH
Have no interest in investing in property TBH