Age:
53
Spouse’s/Partner's age:
45
Annual gross income from employment or profession:
E57000
Annual gross income spouse:
E15000
Type of employment:
Both private sector employees. Wife part time
Expenditure pattern:
We are both generally 'savers'
Rough estimate of value of home:
E220000
Mortgage on home:
None
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
PO Savings E121000 (matured) & PO savings Bonds E81400 (matured)
BOI savings E182000 + E15000 in current a/c
Irish Life E10170 stopped mth contributions (Quinn Life investment)
BOI Child saver a/c E19000
Work Share Save Scheme contributing E320 Mth
Do you have a pension scheme?
Yes, DC pension employer/employee 343.34 mth value @ E64500 age 65
PRB value @ E34560 (From previous employment)
UK DB pension value @ 2017 is £384pm £14000 Lumpsum age 60
Do you own any investment or other property?
No.
Ages of children:
7 and 10
Life insurance:
Company Life assurance which is Death in Service and Long term illness/disability (income replacement) Benefit
Health insurance for family
What specific question do you have or what issues are of concern to you?
I need to look at my savings which are just sitting there doing nothing. I am planning to reinvest E81400 (College Fund for the kids) into PO 5yr bond and probably E121000 into another PO product. I was advised to put E100000 into Maps fund but bit apprehensive to do this. I would appreciate other peoples advice on what are best options out there.
Pension funds
I would like to have reasonable pension when I retire and enjoy the final years of my life with the wife, but I am worried that the pension is way behind and need a lot of catching up. Would it make good sense to add AVC lumpsum of E70000 and also start monthly AVC into my current pension fund. I feel I should take full advantage of DC pension scheme and contribute as much I can into it because of tax advantages. Or should I invest into MAPS fund.
53
Spouse’s/Partner's age:
45
Annual gross income from employment or profession:
E57000
Annual gross income spouse:
E15000
Type of employment:
Both private sector employees. Wife part time
Expenditure pattern:
We are both generally 'savers'
Rough estimate of value of home:
E220000
Mortgage on home:
None
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
PO Savings E121000 (matured) & PO savings Bonds E81400 (matured)
BOI savings E182000 + E15000 in current a/c
Irish Life E10170 stopped mth contributions (Quinn Life investment)
BOI Child saver a/c E19000
Work Share Save Scheme contributing E320 Mth
Do you have a pension scheme?
Yes, DC pension employer/employee 343.34 mth value @ E64500 age 65
PRB value @ E34560 (From previous employment)
UK DB pension value @ 2017 is £384pm £14000 Lumpsum age 60
Do you own any investment or other property?
No.
Ages of children:
7 and 10
Life insurance:
Company Life assurance which is Death in Service and Long term illness/disability (income replacement) Benefit
Health insurance for family
What specific question do you have or what issues are of concern to you?
I need to look at my savings which are just sitting there doing nothing. I am planning to reinvest E81400 (College Fund for the kids) into PO 5yr bond and probably E121000 into another PO product. I was advised to put E100000 into Maps fund but bit apprehensive to do this. I would appreciate other peoples advice on what are best options out there.
Pension funds
I would like to have reasonable pension when I retire and enjoy the final years of my life with the wife, but I am worried that the pension is way behind and need a lot of catching up. Would it make good sense to add AVC lumpsum of E70000 and also start monthly AVC into my current pension fund. I feel I should take full advantage of DC pension scheme and contribute as much I can into it because of tax advantages. Or should I invest into MAPS fund.