seamuskangarooo
New Member
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Is this a straight forward personal loan, or a HP car finance deal? If a loan, what interest rate?€5,000 Car Loan, €4,000 left to pay
Sorry should have clarified - personal loan; 8.650%Is this a straight forward personal loan, or a HP car finance deal? If a loan, what interest rate?
Do either of your employers have a pension scheme, where if you join the employer would make a contribution?
Eeek! Paying that off should be your number one priority.Sorry should have clarified - personal loan; 8.650%
Eeek! Paying that off should be your number one priority.
Why don’t you pay it off from the €20k cash at hand?
Also, you have a pretty high mortgage balance relative to your combined salaries. I would be inclined to get that down a bit more before starting to contribute to a pension.
But definitely start contributing to a pension before you hit 40 or once you start paying income tax at the higher rate (whichever happens first).
By the way, are you married & jointly assessed for tax? Your spouse / partner is right on the cut-off, but if there's an increase in tax bands in this years budget, without any payrise, it'd be beneficial to be jointly assessed.Annual gross income from employment or profession: 38,000 + circa €9,000 bonus per year, paid quarterly
Annual gross income of spouse: 40,000
Cash of €20k
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