Personal details
Age: 51
Relationship status: Single no dependants
Income and expenditure
Household monthly take-home pay: 1200(part time) currently studying to upskill in my
current field
Type of employment – PAYE Worker
Employer type: Private companie
Summary of Assets and Liabilities
Savings
Cash: 500k(received large lump sum as was made redundant end of
last year after 25 years service)
Company shares : 200K current value(minus capital gains)
Other borrowings – car loans/personal loans etc
No loans
Pension information
Value of pension fund(s):
What specific question do you have or what issues are of concern to you?
In the short term I am looking into possibly buying a small holiday home abroad(150-200K) or alternatively selling my property and adding 150-200k to buy a house(currently in an Apt)
Either way that leaves 300-350K which I am looking to invest.
I was considering investing in either an ETFs or managed funds.
Briefly looking at the Tax implication for ETFs seems discouraging.
Effectively I need to make a decision in order to get a return on my savings
Any thoughts/opinions are welcome.
Age: 51
Relationship status: Single no dependants
Income and expenditure
Household monthly take-home pay: 1200(part time) currently studying to upskill in my
current field
Type of employment – PAYE Worker
Employer type: Private companie
Summary of Assets and Liabilities
- Home value: 400k
- Mortgage on home: fully paid
Savings
Cash: 500k(received large lump sum as was made redundant end of
last year after 25 years service)
- 470k of this in low earning AIB deposit account
- 30k across two personal accounts
Company shares : 200K current value(minus capital gains)
Other borrowings – car loans/personal loans etc
No loans
Pension information
Value of pension fund(s):
- 250k trust fund with Irish Life
What specific question do you have or what issues are of concern to you?
In the short term I am looking into possibly buying a small holiday home abroad(150-200K) or alternatively selling my property and adding 150-200k to buy a house(currently in an Apt)
Either way that leaves 300-350K which I am looking to invest.
I was considering investing in either an ETFs or managed funds.
Briefly looking at the Tax implication for ETFs seems discouraging.
Effectively I need to make a decision in order to get a return on my savings
Any thoughts/opinions are welcome.