Personal details
Age: 49
Spouse's age: NA
Number and age of children: 2 year old son
Income and expenditure
Annual gross income: 95,000 + 15% Bonus
Monthly take-home pay: 4,200 excl bonus (joined company in Dec so bonus not paid yet) (this includes pension contribution of 1,000)
Type of employment: Employee
Employer type: Private company
Costs: Lifestyle costs: 800 (food/travel/insurance/utilities etc)
Mortgage: 900
Creche: 1200 per month
Leftover for saving: 1200
Summary of Assets and Liabilities
Family home value: 450,000
Share and own house with sister, tracker mortgage is 900EUpm. We have app190,000 left to pay. She is not prepared to sign paperwork to allow me to pay off mortgage for more ownership etc.
deGIRO: 80,000 value in ETF/stocks
Cash in Bank: 150,000
ETRADE: Company shares : have apps 270,000USD in trade stocks from past employments (preIPO)
PrizeBonds: 5K
Life insurance tied to mortgage
Death in service covered by employer (4 times salary)
Income protection covered by employer also
I have just created a will - trust with son as beneficiary.
Other borrowings – car loans/personal loans etc
No other borrowings
Credit card balance paid each month.
Pension information
Current Pension: Paying 1,000 per month (joined in Dec- so only started) company pays 6%.
Pension: Current value is 200k from past employments
Have 10 years UK pension secured
What specific question do you have or what issues are of concern to you?
Age: 49
Spouse's age: NA
Number and age of children: 2 year old son
Income and expenditure
Annual gross income: 95,000 + 15% Bonus
Monthly take-home pay: 4,200 excl bonus (joined company in Dec so bonus not paid yet) (this includes pension contribution of 1,000)
Type of employment: Employee
Employer type: Private company
Costs: Lifestyle costs: 800 (food/travel/insurance/utilities etc)
Mortgage: 900
Creche: 1200 per month
Leftover for saving: 1200
Summary of Assets and Liabilities
Family home value: 450,000
Share and own house with sister, tracker mortgage is 900EUpm. We have app190,000 left to pay. She is not prepared to sign paperwork to allow me to pay off mortgage for more ownership etc.
deGIRO: 80,000 value in ETF/stocks
Cash in Bank: 150,000
ETRADE: Company shares : have apps 270,000USD in trade stocks from past employments (preIPO)
PrizeBonds: 5K
Life insurance tied to mortgage
Death in service covered by employer (4 times salary)
Income protection covered by employer also
I have just created a will - trust with son as beneficiary.
Other borrowings – car loans/personal loans etc
No other borrowings
Credit card balance paid each month.
Pension information
Current Pension: Paying 1,000 per month (joined in Dec- so only started) company pays 6%.
Pension: Current value is 200k from past employments
Have 10 years UK pension secured
What specific question do you have or what issues are of concern to you?
- How should I invest cash deposit in bank of 130,000? this is the key issue - I have no idea what to do - put it into deGiro? passive funds?
- Should max the pension to 25% - will do that in April
- How can I invest 3k pa for son via deGIRO
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