Age: 35
Spouse’s/Partner's age: 35
Annual gross income from employment or profession: 35,000
Annual gross income of spouse: 65,000
Monthly take-home pay €5850
Type of employment: Civil Servant & Paye
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving
Rough estimate of value of home 340,000
Amount outstanding on your mortgage: 250,000
What interest rate are you paying? 3.7% - switching to 2.6%
Other borrowings – car loans/personal loans etc
N/A
Do you pay off your full credit card balance each month? N/A
If not, what is the balance on your credit card?
Savings and investments: 14,000 saved
Do you have a pension scheme? Yes basic civil service pension but partner has none
Do you own any investment or other property? No
Ages of children: 12 & 10
Life insurance: Yes on home and a seperate policy
What specific question do you have or what issues are of concern to you?
The pensions - I'm concerned that we're clueless in this area. My partner has no pension at all yet. How much should they be paying in? If the company doesn't offer one where do we start?
We also need to get health insurance as have none. We were wiped out with the recession and childcare costs when the children were young. We are just really starting to save regularly in the last year and want to ensure we have cover for what's needed.
Also, is there any benefit in combining our taxes as a married couple? As we are both over the threshold we have continued to pay separately.
Spouse’s/Partner's age: 35
Annual gross income from employment or profession: 35,000
Annual gross income of spouse: 65,000
Monthly take-home pay €5850
Type of employment: Civil Servant & Paye
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving
Rough estimate of value of home 340,000
Amount outstanding on your mortgage: 250,000
What interest rate are you paying? 3.7% - switching to 2.6%
Other borrowings – car loans/personal loans etc
N/A
Do you pay off your full credit card balance each month? N/A
If not, what is the balance on your credit card?
Savings and investments: 14,000 saved
Do you have a pension scheme? Yes basic civil service pension but partner has none
Do you own any investment or other property? No
Ages of children: 12 & 10
Life insurance: Yes on home and a seperate policy
What specific question do you have or what issues are of concern to you?
The pensions - I'm concerned that we're clueless in this area. My partner has no pension at all yet. How much should they be paying in? If the company doesn't offer one where do we start?
We also need to get health insurance as have none. We were wiped out with the recession and childcare costs when the children were young. We are just really starting to save regularly in the last year and want to ensure we have cover for what's needed.
Also, is there any benefit in combining our taxes as a married couple? As we are both over the threshold we have continued to pay separately.
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