tennisfan2025
New Member
- Messages
- 4
Personal details
Your age: 58
Your spouse's age: 61
Number and age of children: 2 adults, both working abroad in career jobs
Income and expenditure
Annual gross income from employment or profession: €20k (part-time)
Annual gross income of spouse/partner: €35k (part-time)
Monthly take-home pay: 3400 plus 1800 rental income
Type of employment - Paye Employees
Employer type: private, part time jobs
In general are you:
(a) spending more than you earn, or
(b) saving? Saving
Summary of Assets and Liabilities
Family home value: €550k plus
Mortgage on family home: 0
Cash: €220k (mostly An Post products, one PTSB account)
Company shares/funds : 89k (via Irish Life / Aviva) 5k personal shares (dabbling on Trading 212)
Buy to Let Property value: €350k plus
Buy to let Mortgage: 0
Other borrowings – car loans/personal loans etc - None
Do you pay off your full credit card balance each month? Yes
Pension information
Value of pension fund: 220k (mine) with lumpsum option
partner will get approx €20k pa from ex employer via DB pension when he reaches 65 (4 years), AVC 80k, plus we will both get full state pensions.
Buy to let properties
Value: €350k
Rental income per year: €19,200 gross
Rough annual expenses other than mortgage interest : 500
What specific question do you have or what issues are of concern to you?
Our wonderful long term tenants have served notice on our Dublin rental (Nov 2025) and we think this is a good time to sell it. It is an old cottage and will start needing work, plus the possible new laws next year worry us. But we don't know what to do with the 300 plus that we will have (after CGT). For example, can we put it into a joint PRSA and buy an annuity at a later stage? Or should be invest in more shares? It's a lovely problem to have, but it is a bit overwhelming. As you can see from above, we are fairly income 'poor' but due to redundancies in the past, where we saved the monies, we are fairly asset 'rich'. Any advice would be gratefully considered! Thanks.
Your age: 58
Your spouse's age: 61
Number and age of children: 2 adults, both working abroad in career jobs
Income and expenditure
Annual gross income from employment or profession: €20k (part-time)
Annual gross income of spouse/partner: €35k (part-time)
Monthly take-home pay: 3400 plus 1800 rental income
Type of employment - Paye Employees
Employer type: private, part time jobs
In general are you:
(a) spending more than you earn, or
(b) saving? Saving
Summary of Assets and Liabilities
Family home value: €550k plus
Mortgage on family home: 0
Cash: €220k (mostly An Post products, one PTSB account)
Company shares/funds : 89k (via Irish Life / Aviva) 5k personal shares (dabbling on Trading 212)
Buy to Let Property value: €350k plus
Buy to let Mortgage: 0
Other borrowings – car loans/personal loans etc - None
Do you pay off your full credit card balance each month? Yes
Pension information
Value of pension fund: 220k (mine) with lumpsum option
partner will get approx €20k pa from ex employer via DB pension when he reaches 65 (4 years), AVC 80k, plus we will both get full state pensions.
Buy to let properties
Value: €350k
Rental income per year: €19,200 gross
Rough annual expenses other than mortgage interest : 500
What specific question do you have or what issues are of concern to you?
Our wonderful long term tenants have served notice on our Dublin rental (Nov 2025) and we think this is a good time to sell it. It is an old cottage and will start needing work, plus the possible new laws next year worry us. But we don't know what to do with the 300 plus that we will have (after CGT). For example, can we put it into a joint PRSA and buy an annuity at a later stage? Or should be invest in more shares? It's a lovely problem to have, but it is a bit overwhelming. As you can see from above, we are fairly income 'poor' but due to redundancies in the past, where we saved the monies, we are fairly asset 'rich'. Any advice would be gratefully considered! Thanks.
