Age: 40
Spouse’s/Partner's age: I am single
Annual gross income from employment or profession: 70,000
Annual gross income of spouse: N/A
Monthly take-home pay: €4,300 including income from rent a room scheme.
Type of employment: e.g. Civil Servant, self-employed: permanent public servant, joined in 2004.
In general are you:
(a) spending more than you earn, or
(b) saving? Mostly saving what I earn.
Rough estimate of value of home: Recently for it valued as moving lender €380,000
Amount outstanding on your mortgage: €180,000
What interest rate are you paying? About to draw down my new mortgage over 12 years with KBC fixed for 2 years at 2.3%. Planning to overpay this by 10% per month.
Other borrowings – car loans/personal loans etc No other loans or borrowings
Do you pay off your full credit card balance each month? N/A I use a debit card
If not, what is the balance on your credit card? N/A
Savings and investments: €30,000 in savings in my KBC extra regular saver account. I currently save €1,000 a month into this account.
Do you have a pension scheme? Zurich Life pension with a current value of €62,000. I currently save €760 a month to this.
Do you own any investment or other property? No
Ages of children: No children
Life insurance: Death in service and mortgage protection.
What specific question do you have or what issues are of concern to you?
I am thinking of trading up in about 2 years. Should I reduce the amount of money I'm saving into my PRSA?
Spouse’s/Partner's age: I am single
Annual gross income from employment or profession: 70,000
Annual gross income of spouse: N/A
Monthly take-home pay: €4,300 including income from rent a room scheme.
Type of employment: e.g. Civil Servant, self-employed: permanent public servant, joined in 2004.
In general are you:
(a) spending more than you earn, or
(b) saving? Mostly saving what I earn.
Rough estimate of value of home: Recently for it valued as moving lender €380,000
Amount outstanding on your mortgage: €180,000
What interest rate are you paying? About to draw down my new mortgage over 12 years with KBC fixed for 2 years at 2.3%. Planning to overpay this by 10% per month.
Other borrowings – car loans/personal loans etc No other loans or borrowings
Do you pay off your full credit card balance each month? N/A I use a debit card
If not, what is the balance on your credit card? N/A
Savings and investments: €30,000 in savings in my KBC extra regular saver account. I currently save €1,000 a month into this account.
Do you have a pension scheme? Zurich Life pension with a current value of €62,000. I currently save €760 a month to this.
Do you own any investment or other property? No
Ages of children: No children
Life insurance: Death in service and mortgage protection.
What specific question do you have or what issues are of concern to you?
I am thinking of trading up in about 2 years. Should I reduce the amount of money I'm saving into my PRSA?