Personal details
Age: 40
Spouse’s/Partner's age: 43
Number and age of children: 2 kids, 9 and 3
Income and expenditure
Annual gross income from employment or profession: 75k
Annual gross income of spouse: 60k
Monthly take-home pay: 11k gross (incl spouse), approx 6.2k net (due to AVCs)
Type of employment: e.g. Civil Servant, self-employed, Both civil servants
In general are you:
(a) spending more than you earn, or
(b) saving? Saving approx 1k per month total
Summary of Assets and Liabilities
Family home worth €500k with a €190k mortgage
Cash of €18k
Defined Contribution pension fund:
Company shares : n/a
Stocks: €15k (mix of blue-chip and growth stocks)
Family home mortgage information
Lender - 20 year term remaining, 190k
Interest rate- 1.95 fixed
If fixed, what is the term remaining of the fixed rate? 4 years
(No need to tell us the monthly repayments or what term is left)
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? N/a
If not, what is the balance on your credit card?
No loans other than mortgage
Buy to let properties
Value:
Rental income per year:
Rough annual expenses other than mortgage interest :
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Do you have a pension scheme? Both DB Pension schemes, 11yrs and 12yrs service, AVCs of 20k and 8k approx each
Do you own any investment or other property? 10% share in private business approx. valuation of €5m
Other information which might be relevant
Life insurance: 300k me, income protection, health insurance, mortgage protection.
What specific question do you have or what issues are of concern to you?
Looking for advice on what to do with spare cash, currently putting a lot into AVCs (15% and 12% each). Is this the right thing to do or should we focus on mortgage pay down or other investments?
Is there anything else we should focus on or are missing?
Age: 40
Spouse’s/Partner's age: 43
Number and age of children: 2 kids, 9 and 3
Income and expenditure
Annual gross income from employment or profession: 75k
Annual gross income of spouse: 60k
Monthly take-home pay: 11k gross (incl spouse), approx 6.2k net (due to AVCs)
Type of employment: e.g. Civil Servant, self-employed, Both civil servants
In general are you:
(a) spending more than you earn, or
(b) saving? Saving approx 1k per month total
Summary of Assets and Liabilities
Family home worth €500k with a €190k mortgage
Cash of €18k
Defined Contribution pension fund:
Company shares : n/a
Stocks: €15k (mix of blue-chip and growth stocks)
Family home mortgage information
Lender - 20 year term remaining, 190k
Interest rate- 1.95 fixed
If fixed, what is the term remaining of the fixed rate? 4 years
(No need to tell us the monthly repayments or what term is left)
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? N/a
If not, what is the balance on your credit card?
No loans other than mortgage
Buy to let properties
Value:
Rental income per year:
Rough annual expenses other than mortgage interest :
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Do you have a pension scheme? Both DB Pension schemes, 11yrs and 12yrs service, AVCs of 20k and 8k approx each
Do you own any investment or other property? 10% share in private business approx. valuation of €5m
Other information which might be relevant
Life insurance: 300k me, income protection, health insurance, mortgage protection.
What specific question do you have or what issues are of concern to you?
Looking for advice on what to do with spare cash, currently putting a lot into AVCs (15% and 12% each). Is this the right thing to do or should we focus on mortgage pay down or other investments?
Is there anything else we should focus on or are missing?