Age: 38
Annual gross income from employment or profession: 46K
Type of employment: 2 pt contract jobs & pt retained firefighter
In general are you spending more than you earn or are you saving? No
Rough estimate of value of home: 200k
Amount outstanding on your mortgage: approx 110k - 19 years left
What interest rate are you paying? With NIB LTV tracker - think its 5%
Other borrowings – None
Do you pay off your full credit card balance each month? Yes
Savings and investments:10k with First active + 100 savings per month. 3k in Credit union. 20k sitting in current a/c
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: None
Life insurance: Eagle star minimum for house purchase
What specific question do you have or what issues are of concern to you?
As stated, I have no pension plan in place. I have been offered a part-time superannuation pension with the firefighters. But I'm wondering should I just put my money in a high interest savings a/c. I have noone to leave my house to and I would like to use its collateral in my later years to get me through my retirement - is this being silly??
Annual gross income from employment or profession: 46K
Type of employment: 2 pt contract jobs & pt retained firefighter
In general are you spending more than you earn or are you saving? No
Rough estimate of value of home: 200k
Amount outstanding on your mortgage: approx 110k - 19 years left
What interest rate are you paying? With NIB LTV tracker - think its 5%
Other borrowings – None
Do you pay off your full credit card balance each month? Yes
Savings and investments:10k with First active + 100 savings per month. 3k in Credit union. 20k sitting in current a/c
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: None
Life insurance: Eagle star minimum for house purchase
What specific question do you have or what issues are of concern to you?
As stated, I have no pension plan in place. I have been offered a part-time superannuation pension with the firefighters. But I'm wondering should I just put my money in a high interest savings a/c. I have noone to leave my house to and I would like to use its collateral in my later years to get me through my retirement - is this being silly??