Age:
41
Spouse’s age:
42
Monthly take-home pay:
E9,250
Type of employment: e.g. Civil Servant, self-employed
Multi-national
Public servant
In general are you:
(a) spending more than you earn, or
(b) saving?
- Saving E250/mnth + Children's allowance of E280/mnth,
Rough estimate of value of home:
E800,000
Amount outstanding on your mortgage:
E320,000
What interest rate are you paying?
3% BOI, (switch ~each year to get 2% back), E2,000/mnth
Other borrowings – car loans/personal loans etc
- Car loan - ~E16K - E350/mnth / 4 years.
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
40K - Just matured State Savings.
18K - Children's allowance each month. E280- currently in state savings.
E250/mnth into short term savings to cover unexpected items,
Do you have a pension scheme?
- Private DC pension + a DB Pension capped at ~12K/year payout
- Public service DC pension.
Do you own any investment or other property?
- Yes, 50% of a ~E200K property with ~E100K loan on a 3% mortgage. Rent = monthly mortgage repayments, 10 years left.
Ages of children:
7
5
1
Life insurance:
Yes/40/mnth
What specific question do you have or what issues are of concern to you?
Where to invest 40K Lump sum?
Where to keep saving children's allowance for education funds - State savings does not feel like right option for long term (~15 years). What investment fund is typical for this or how to go about setting it up?
41
Spouse’s age:
42
Monthly take-home pay:
E9,250
Type of employment: e.g. Civil Servant, self-employed
Multi-national
Public servant
In general are you:
(a) spending more than you earn, or
(b) saving?
- Saving E250/mnth + Children's allowance of E280/mnth,
Rough estimate of value of home:
E800,000
Amount outstanding on your mortgage:
E320,000
What interest rate are you paying?
3% BOI, (switch ~each year to get 2% back), E2,000/mnth
Other borrowings – car loans/personal loans etc
- Car loan - ~E16K - E350/mnth / 4 years.
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
40K - Just matured State Savings.
18K - Children's allowance each month. E280- currently in state savings.
E250/mnth into short term savings to cover unexpected items,
Do you have a pension scheme?
- Private DC pension + a DB Pension capped at ~12K/year payout
- Public service DC pension.
Do you own any investment or other property?
- Yes, 50% of a ~E200K property with ~E100K loan on a 3% mortgage. Rent = monthly mortgage repayments, 10 years left.
Ages of children:
7
5
1
Life insurance:
Yes/40/mnth
What specific question do you have or what issues are of concern to you?
Where to invest 40K Lump sum?
Where to keep saving children's allowance for education funds - State savings does not feel like right option for long term (~15 years). What investment fund is typical for this or how to go about setting it up?
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