Anon4this1
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It's 1% interest per year. At the same time you'd be paying 1.5% interest on your mortgage. Better return by paying off the mortgage.I was originally thinking about locking in €120k for 10 years in the National Solidarity Bond (via An Post), as it is very secure and a 10% guaranteed rate of interest, which is one of the best around for a 'safe' investment from what I can see. However in reality the return on this investment after 10 years is just €12k
Paying max into pension (8% me 12 % employer, so 20% in total). I was looking at AVCs as the next step, but haven't done anything about it yetHow are the pensions looking? Any upcoming large expenditure (extension, new cars, kids moving away from home for college, etc.)?
I might be wrong about this but I believe that the employer's 12% does not count towards the 20% (from a tax relief perspective).Paying max into pension (8% me 12 % employer, so 20% in total).
That is very true about investing with your after-tax money.If not [paying off your mortgage] you're effectively borrowing money (albeit currently at a very good rate, although that will probably not last) to invest in something else.
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