solarman2022
New Member
- Messages
- 4
Hi all I was directed here by a friend for some knowledge.
Basically Im 33 on a 90k salary unmarried with 1 dependent. At least 30k is being taken by revenue. It makes me sick that I work my ass off to earn this salary and I don’t get to see much of it less qualified people can be taking home more than me in some jobs.
I have no debt , no mortgage (housesitting my parents house) and over 100k in savings .
I do want to buy my own house but prices are crazy and I don’t think there’s value in the market at present and I feel I would be putting myself under financial strain then to pay mortgage and all associated costs.
On average I save around 500 per week after rent bills and allocating money to enjoy and grocery’s etc.
I was looking at setting up an PRSA execution only and asking for a pay rise in the form of contributions ….. I know there’s tax relief and if I put 10k in a year some calculators have said my weekly take home would be only a 100 less ….. a lot people say it’s a no brainer but I may not even live to see that money or could lose it all.
I was looking at investing a small regular amount in the hope of some growth with a Zurich execution only plan
The bottom line is I don’t want to sacrifice too much of my lifestyle for a day that may never come
Should I be worrying about this stuff now getting more salary will only mean more tax.
Thank you
Basically Im 33 on a 90k salary unmarried with 1 dependent. At least 30k is being taken by revenue. It makes me sick that I work my ass off to earn this salary and I don’t get to see much of it less qualified people can be taking home more than me in some jobs.
I have no debt , no mortgage (housesitting my parents house) and over 100k in savings .
I do want to buy my own house but prices are crazy and I don’t think there’s value in the market at present and I feel I would be putting myself under financial strain then to pay mortgage and all associated costs.
On average I save around 500 per week after rent bills and allocating money to enjoy and grocery’s etc.
I was looking at setting up an PRSA execution only and asking for a pay rise in the form of contributions ….. I know there’s tax relief and if I put 10k in a year some calculators have said my weekly take home would be only a 100 less ….. a lot people say it’s a no brainer but I may not even live to see that money or could lose it all.
I was looking at investing a small regular amount in the hope of some growth with a Zurich execution only plan
The bottom line is I don’t want to sacrifice too much of my lifestyle for a day that may never come
Should I be worrying about this stuff now getting more salary will only mean more tax.
Thank you