Age:
41
Spouse’s/Partner's age:
41
Annual gross income from employment or profession:
79k
Annual gross income of spouse:
45k
Monthly take-home pay:
4300
Type of employment:
Private sector
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving.
Rough estimate of value of home:
Renting.
Amount outstanding on your mortgage:
n/a
What interest rate are you paying?
n/a
Other borrowings – car loans/personal loans etc:
None.
Do you pay off your full credit card balance each month?
Yes.
If not, what is the balance on your credit card?
n/a
Savings and investments:
120k Prize Bonds
43k Investments (amount I've invested, not the value of my portfolio)
Do you have a pension scheme?
Yes. Company contribute 10% and I have put in variable amounts throughout the years. Currently contribute 5%. Value of the pension is 100k.
Do you own any investment or other property?
No.
Ages of children:
None.
Life insurance:
None.
What specific question do you have or what issues are of concern to you?
We're looking to buy in the near future so putting away as much as we can to build up a decent deposit. Hence why I've got a large chunk of my savings in prize bonds. I had a look back over the past eight years (when I started taking this more seriously and tracking everything) and I've managed to save 50% of my take home pay since then.
In terms of the pension scheme, as I've passed the 40 year mark the scheme has automatically moved me into a less risky fund (Zurich Dynamic Fund (91% equities, 7% bonds, 2% cash) to the Performance Fund (81% equities, 18% bonds, 1% cash). Guess this is all down to risk appetite but does it make sense the stay in the Dynamic Fund for another couple of years?
Thanks.
41
Spouse’s/Partner's age:
41
Annual gross income from employment or profession:
79k
Annual gross income of spouse:
45k
Monthly take-home pay:
4300
Type of employment:
Private sector
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving.
Rough estimate of value of home:
Renting.
Amount outstanding on your mortgage:
n/a
What interest rate are you paying?
n/a
Other borrowings – car loans/personal loans etc:
None.
Do you pay off your full credit card balance each month?
Yes.
If not, what is the balance on your credit card?
n/a
Savings and investments:
120k Prize Bonds
43k Investments (amount I've invested, not the value of my portfolio)
Do you have a pension scheme?
Yes. Company contribute 10% and I have put in variable amounts throughout the years. Currently contribute 5%. Value of the pension is 100k.
Do you own any investment or other property?
No.
Ages of children:
None.
Life insurance:
None.
What specific question do you have or what issues are of concern to you?
We're looking to buy in the near future so putting away as much as we can to build up a decent deposit. Hence why I've got a large chunk of my savings in prize bonds. I had a look back over the past eight years (when I started taking this more seriously and tracking everything) and I've managed to save 50% of my take home pay since then.
In terms of the pension scheme, as I've passed the 40 year mark the scheme has automatically moved me into a less risky fund (Zurich Dynamic Fund (91% equities, 7% bonds, 2% cash) to the Performance Fund (81% equities, 18% bonds, 1% cash). Guess this is all down to risk appetite but does it make sense the stay in the Dynamic Fund for another couple of years?
Thanks.