Annual gross income from employment or profession: 18000
Annual gross income of spouse:55000
Monthly take-home pay 1300 per mth for me
450 per week for partner
Type of employment: partner Civil Servant, private work
In general we are
(a) spending more than we earn,
Rough estimate of value of home 180000
Amount outstanding on your mortgage: arrears of 2000
What interest rate are you paying? 3.4%
Other borrowings – car loans/personal loans etc
Credit union - me 22000 APR 9.3% supposed to pay 400 per mth can only afford 200
partner has credit union loan too 11000 APR 9.3% paying about 40 per week and up to date
Do you pay off your full credit card balance each month - dont have credit card
Savings and investments:neither
Do you have a pension scheme? none
Do you own any investment or other property? no
Ages of children: none
Life insurance: none
my worry is the credit union going around in circles with it
Sorry forgot his take home is 450 because he pays his credit union out of wage. it can vary but yes more or less after tax, mortgage out going is 1050 per month no other major payouts other than phone 45 per month and normal utility bills?
I still don't think your figures are right.I checked on a tax calculator,and a separately assessed public sector employee should take home €700 per week from 55k.You say that the CU is 40 a week from wages,so the take home should be around €200 higher than your figure.
Only speculating but, he may also be paying: Pension contributions, Pension Levy, Income continuance, Union fees, Health insurance, AVC/life assurance policy as well as Credit Union repayments from his PS salary. This is why I hate media reporting gross figures! While I know some of the deductions above are voluntary, some are mandatory and will greatly affect the nett figure a public servant earns. I'm not complaining, just frustrated at the whole gross/nett earnings method of reporting salaries in the PS.