Age:
51
Spouse’s/Partner's age:
50
Annual gross income from employment or profession:
E200,000
Annual gross income spouse:
E50,000
Type of employment:
Both self employed
Expenditure pattern:
We have 3 children aged 10, 12 and 13
Rough estimate of value of home
E1,400,000
Mortgage on home
E100,000 – I chose to pay my mortgage off sooner rather than invest (that may have come against me in the last few years but as we were evicted from our home when I was a child I could’nt stand the thought of that happening to me a second time)
Mortgage provider:
AIB
Type of mortgage: Tracker, interest only, fixed rate
Tracker
Interest rate
Discount tracker of 0.95% - .
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
E170,000 savings – 100K in a unit linked fund – 70k in cash
Do you have a pension scheme?
Yes, I pay E2000pm into personal pension
Her company pay E1000 pm into a pension.
Do you own any investment or other property?
Yes – It is fully paid and we receive income (included above) of 26k per annum.
Ages of children:
10,12,13
Life insurance:
Yes.
What specific question do you have or what issues are of concern to you?
I spent the last 32 years working hard had some ups and downs but paid off most of the mortgage and now have about 80k to invest – I am willing to take a high level of risk as I expect it to be invested for at least 10 years or more but would like access to it without penalty in case it was needed (I have 20k in an emergency fund)
I plan on reviewing my pension contributions next month but in the meantime – can anyone offer advice on a high risk/ high potential return/ low cost investment fund?
Thankyou for your advice
Arnold .