Self Age 48
Spouse age 49
Income
Annual gross self: PAYE worker 124k. Discretionary bonus approx 100k
Spouse- self employed approx 100k
Assets and liabilities
Family home value 1.2m with 200k mortgage. Fixed at 1.95% until april 2027
BTL value 230k. 85k mortgage outstanding maturing Oct 2029. Tracker +0.6%.
Monthly repayments 1215.
Monthly rental income 1700
Trade republic self - 50k
Trade republic Spouse- 50k
Lightyear self - 20k
Zurich fund self -50k (Contributing 2500 a month).
Shares 20k
Cash at bank earning no interest- self 10k
Cash at bank earning no interest- spouse 40k
Pension defined contribution- self - current value 430k. Employer contribution 14% (will rise to 19% when 50)..i contribute 25% so maxed out.
Spouse pension -200k . Pension is from when they were paye so not contributing at this stage(only just starting to earn as self employed).
No other borrowings and just made some home improvements so nothing major needed. Could extend to add more bedroom space but not a must have.
Interested in getting views on what else we could be doing
Spouse age 49
Income
Annual gross self: PAYE worker 124k. Discretionary bonus approx 100k
Spouse- self employed approx 100k
Assets and liabilities
Family home value 1.2m with 200k mortgage. Fixed at 1.95% until april 2027
BTL value 230k. 85k mortgage outstanding maturing Oct 2029. Tracker +0.6%.
Monthly repayments 1215.
Monthly rental income 1700
Trade republic self - 50k
Trade republic Spouse- 50k
Lightyear self - 20k
Zurich fund self -50k (Contributing 2500 a month).
Shares 20k
Cash at bank earning no interest- self 10k
Cash at bank earning no interest- spouse 40k
Pension defined contribution- self - current value 430k. Employer contribution 14% (will rise to 19% when 50)..i contribute 25% so maxed out.
Spouse pension -200k . Pension is from when they were paye so not contributing at this stage(only just starting to earn as self employed).
No other borrowings and just made some home improvements so nothing major needed. Could extend to add more bedroom space but not a must have.
Interested in getting views on what else we could be doing