Age: 32
Spouse’s/Partner's age: 32
Annual gross income from employment or profession: 72500
Annual gross income of spouse: circa 20000
Type of employment: Public Servant, self-employed
In general are you:
(b) saving? €1100 pm
Rough estimate of value of home: €300k
Amount outstanding on your mortgage: €240
What interest rate are you paying? ECB + 1.15% - €1250 pm
Other borrowings – car loans/personal loans etc Nil
Do you pay off your full credit card balance each month? Yes
Savings and investments: €5000
Do you have a pension scheme? Yes
Do you own any investment or other property? No
Ages of children: Nil
Life insurance: Mortgage protection €50 pm
Outgoings:
Eircom: €90pm
ESB: €50pm
Petrol: €50pm
What specific question do you have or what issues are of concern to you?
I have a good salary, but have a stressful job that involves long hours of tedium. It’s hard to distinguish one monotonous year from another as my life consists of the drudgery of work followed by the drudgery of home renovation in the evenings and weekends. It’s not exactly how I envisaged my thirties, so I’ve been considering changing my work-life balance and applying for a work-sharing scheme, whereby I would work a three-day week for 60% of my current salary. That would reduce my gross salary to €43,360.
I’ve slogged to get to my current salary level and am baulking at giving up €30k. I’m looking for information on what is the monthly take-home pay from a €43k salary (including the public service pension levy). I’d appreciate advice on what is the minimum salary I need to service my obligations with a degree of comfort. My partner earns circa €20, but her income is sporadic and can’t be relied upon for bills, mortgage payments, et cetera.
Spouse’s/Partner's age: 32
Annual gross income from employment or profession: 72500
Annual gross income of spouse: circa 20000
Type of employment: Public Servant, self-employed
In general are you:
(b) saving? €1100 pm
Rough estimate of value of home: €300k
Amount outstanding on your mortgage: €240
What interest rate are you paying? ECB + 1.15% - €1250 pm
Other borrowings – car loans/personal loans etc Nil
Do you pay off your full credit card balance each month? Yes
Savings and investments: €5000
Do you have a pension scheme? Yes
Do you own any investment or other property? No
Ages of children: Nil
Life insurance: Mortgage protection €50 pm
Outgoings:
Eircom: €90pm
ESB: €50pm
Petrol: €50pm
What specific question do you have or what issues are of concern to you?
I have a good salary, but have a stressful job that involves long hours of tedium. It’s hard to distinguish one monotonous year from another as my life consists of the drudgery of work followed by the drudgery of home renovation in the evenings and weekends. It’s not exactly how I envisaged my thirties, so I’ve been considering changing my work-life balance and applying for a work-sharing scheme, whereby I would work a three-day week for 60% of my current salary. That would reduce my gross salary to €43,360.
I’ve slogged to get to my current salary level and am baulking at giving up €30k. I’m looking for information on what is the monthly take-home pay from a €43k salary (including the public service pension levy). I’d appreciate advice on what is the minimum salary I need to service my obligations with a degree of comfort. My partner earns circa €20, but her income is sporadic and can’t be relied upon for bills, mortgage payments, et cetera.