Age: 51
Spouse’s/Partner's age: 48
Annual gross income from employment or profession: 50,000
Annual gross income of spouse: 45,000
Monthly take-home pay. 2780e for me. 2450 for husband
Type of employment: e.g. Civil Servant, self-employed- both Civil Servants
In general are you:
(a) spending more than you earn, or
(b) saving? Saving
Rough estimate of value of home. 325k
Amount outstanding on your mortgage: 138k
What interest rate are you paying? Tracker mortgage
Other borrowings – car loans/personal loans etc
Husband has several loans,I have none.
Do you pay off your full credit card balance each month? I do.
If not, what is the balance on your credit card?
Savings and investments:
54k in easy accessible savings account (house in need of renovations)
14k maturing in State Savings in 2022
6,500e maturing in State Savings in 2023
125k maturing in State Savings in 2026
Do you have a pension scheme? Civil Servants, yes,both post 1995
Do you own any investment or other property? No
Ages of children: None
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
(1) I am post 95,paying Class A PRSI and wish to retire at 60,as I will have 33 years service by then. My pension is an integrated one and I don't want my savings to affect my getting all my pension entitlements,such as a supplementary pension (which Pre 95 colleagues dont have to worry about) from age 60,until State pension kicks in at 67 or 68. Do I have to worry about this?
(2) We are not happy in our actual house(bought in 2006 at a hugely overflated price and in very bad condition). Location wise,neighbours and facilities nearby,we are very happy. We havent moved because we got so badly burned and are afraid of losing a load of money,a second titi and in the present market.My savings are from the sale of a previous house I owned,which I sold to buy,to get a deposit to buy with my husband. Do I wait some more years to look as prices are crazy right now? Do I try to spend more money on improving a house that has broken our spirits and cost thousands already over 15 years?
(3) I am risk averse so if I dont use savings to move house,should I just put back into State savings?
Note- I do enjoy life with my husband,regarding holidays,meals out etc
Spouse’s/Partner's age: 48
Annual gross income from employment or profession: 50,000
Annual gross income of spouse: 45,000
Monthly take-home pay. 2780e for me. 2450 for husband
Type of employment: e.g. Civil Servant, self-employed- both Civil Servants
In general are you:
(a) spending more than you earn, or
(b) saving? Saving
Rough estimate of value of home. 325k
Amount outstanding on your mortgage: 138k
What interest rate are you paying? Tracker mortgage
Other borrowings – car loans/personal loans etc
Husband has several loans,I have none.
Do you pay off your full credit card balance each month? I do.
If not, what is the balance on your credit card?
Savings and investments:
54k in easy accessible savings account (house in need of renovations)
14k maturing in State Savings in 2022
6,500e maturing in State Savings in 2023
125k maturing in State Savings in 2026
Do you have a pension scheme? Civil Servants, yes,both post 1995
Do you own any investment or other property? No
Ages of children: None
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
(1) I am post 95,paying Class A PRSI and wish to retire at 60,as I will have 33 years service by then. My pension is an integrated one and I don't want my savings to affect my getting all my pension entitlements,such as a supplementary pension (which Pre 95 colleagues dont have to worry about) from age 60,until State pension kicks in at 67 or 68. Do I have to worry about this?
(2) We are not happy in our actual house(bought in 2006 at a hugely overflated price and in very bad condition). Location wise,neighbours and facilities nearby,we are very happy. We havent moved because we got so badly burned and are afraid of losing a load of money,a second titi and in the present market.My savings are from the sale of a previous house I owned,which I sold to buy,to get a deposit to buy with my husband. Do I wait some more years to look as prices are crazy right now? Do I try to spend more money on improving a house that has broken our spirits and cost thousands already over 15 years?
(3) I am risk averse so if I dont use savings to move house,should I just put back into State savings?
Note- I do enjoy life with my husband,regarding holidays,meals out etc