Personal details
Age: 38
Spouse’s/Partner's age: 42
Number and age of children:
7
3
1
Income and expenditure
Annual gross income: 94k Public Sector + approx 5 net average private practice
Annual gross income of spouse: 64k Public sector
Total monthly income: 7700 net
Summary of Assets and Liabilities
Family home worth approx: 600k
Mortgage: nil
Cash: €130,000 - deposit accounts
PS Pension fund: HSE and Dept of Education pension scheme.
Zurich pension (husband) 25k
Other borrowings – car loans/personal loans etc
None
Credit card is always cleared monthly
Buy to let properties
None
Other savings and investments:
2x investments we pay 1400 monthly into - currently value of about 60k
Other information which might be relevant
No health insurance - have looked into it a few times but have chosen to pay as we go with savings thus far. No health issues thankfully right now.
Childcare approx 500 pm - might rise to around 700 in 2023
Good death in service benefits with our jobs
What specific question do you have or what issues are of concern to you?
Previously I was advised to take out income protection/AVCs
I'm currently in the process of setting up AVCs & income protection where i will pay 700 per month from my salary.
Husband will likely set up something similar soon too.
We have accumulated a substantial amount on deposit and I'm looking for advice for this. We had thought about investing in a property which might also serve as our retirement home but the prices have risen sharply
All responses much appreciated. Thanks.
Age: 38
Spouse’s/Partner's age: 42
Number and age of children:
7
3
1
Income and expenditure
Annual gross income: 94k Public Sector + approx 5 net average private practice
Annual gross income of spouse: 64k Public sector
Total monthly income: 7700 net
Summary of Assets and Liabilities
Family home worth approx: 600k
Mortgage: nil
Cash: €130,000 - deposit accounts
PS Pension fund: HSE and Dept of Education pension scheme.
Zurich pension (husband) 25k
Other borrowings – car loans/personal loans etc
None
Credit card is always cleared monthly
Buy to let properties
None
Other savings and investments:
2x investments we pay 1400 monthly into - currently value of about 60k
Other information which might be relevant
No health insurance - have looked into it a few times but have chosen to pay as we go with savings thus far. No health issues thankfully right now.
Childcare approx 500 pm - might rise to around 700 in 2023
Good death in service benefits with our jobs
What specific question do you have or what issues are of concern to you?
Previously I was advised to take out income protection/AVCs
I'm currently in the process of setting up AVCs & income protection where i will pay 700 per month from my salary.
Husband will likely set up something similar soon too.
We have accumulated a substantial amount on deposit and I'm looking for advice for this. We had thought about investing in a property which might also serve as our retirement home but the prices have risen sharply
All responses much appreciated. Thanks.