Personal details
Age: 48
Spouse’s/Partner's age: 40
Number and age of children: Two, both under 15
Income and expenditure
Annual gross income from employment or profession: approx 95k, since recent pay rise
Annual gross income of spouse: SAHP
Monthly take-home pay = 4800 approx, but this is after two insurances (income protection and extra life cover)
Type of employment: = public servant
In general are you:
(a) spending more than you earn, or = not saving each month, children are involved in activity that costs 700 some months
(b) saving?
Summary of Assets and Liabilities
Family home worth €500k with a €110k mortgage
Deposits = 29k
Deposits (wife) = I think 30-35k
Other financial assets = 26.5k
of which shares = 13k, ETF = 9k, Govt bonds = 4.5k
Family home mortgage information
Lender = AVANT, 120k mortgage, started 2022, for 12 years
Interest rate = 1.95% fixed for seven years from 2022
Remaining term: 10.5 of 12 years remaining
Monthly repayment = 935
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month = YES
If not, what is the balance on your credit card =NIL
Buy to let properties = NONE
Other savings and investments:
Do you have a pension scheme? = YES, PS scheme
Do you own any investment or other property? = NO
Other information which might be relevant
Life insurance:
What specific question do you have or what issues are of concern to you?
Over the past few years, we have over paid mortgage each year.
Should I do so again? Mortgage is 1.95%
I have 55k in financial assets, but I want to keep some liquidity, (to buy car, etc)
Separate question, about asset allocation:
I have put 8,900 into an ETF called: iShares Core MSCI World UCITS ETF USD (Acc), on DeGiro.
Having read about the tax treatment of ETFs in Ireland, I am reconsidering this.
I do not want to go picking shares, I have been burnt in the past.
What is better? Buy Berkshire Hathaway? Or buy investment trusts?
I have some past capital losses to carry forward.
THANKS.
Age: 48
Spouse’s/Partner's age: 40
Number and age of children: Two, both under 15
Income and expenditure
Annual gross income from employment or profession: approx 95k, since recent pay rise
Annual gross income of spouse: SAHP
Monthly take-home pay = 4800 approx, but this is after two insurances (income protection and extra life cover)
Type of employment: = public servant
In general are you:
(a) spending more than you earn, or = not saving each month, children are involved in activity that costs 700 some months
(b) saving?
Summary of Assets and Liabilities
Family home worth €500k with a €110k mortgage
Deposits = 29k
Deposits (wife) = I think 30-35k
Other financial assets = 26.5k
of which shares = 13k, ETF = 9k, Govt bonds = 4.5k
Family home mortgage information
Lender = AVANT, 120k mortgage, started 2022, for 12 years
Interest rate = 1.95% fixed for seven years from 2022
Remaining term: 10.5 of 12 years remaining
Monthly repayment = 935
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month = YES
If not, what is the balance on your credit card =NIL
Buy to let properties = NONE
Other savings and investments:
Do you have a pension scheme? = YES, PS scheme
Do you own any investment or other property? = NO
Other information which might be relevant
Life insurance:
- MPP on current mortgage
- 4x life cover in PS scheme
- Spouse has life cover
- Income protection
What specific question do you have or what issues are of concern to you?
Over the past few years, we have over paid mortgage each year.
Should I do so again? Mortgage is 1.95%
I have 55k in financial assets, but I want to keep some liquidity, (to buy car, etc)
Separate question, about asset allocation:
I have put 8,900 into an ETF called: iShares Core MSCI World UCITS ETF USD (Acc), on DeGiro.
Having read about the tax treatment of ETFs in Ireland, I am reconsidering this.
I do not want to go picking shares, I have been burnt in the past.
What is better? Buy Berkshire Hathaway? Or buy investment trusts?
I have some past capital losses to carry forward.
THANKS.