Personal details
Age: 53
Spouse’s/Partner's age:47
Number and age of children:
2, 11 &!13
Income and expenditure
Annual gross income from employment or profession: 110,000
Annual gross income of spouse:0
Monthly take-home pay: 5500
Type of employment: e.g. Civil Servant, self-employed: Private, PAYE
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving overall annually
Summary of Assets and Liabilities
Family home worth €895 k with a €171k mortgage
Cash of
1. € 295 k (inheritance - wife’s)
2. € 30 k other cask savings
3. € 30 k gparents gifted to kids - invested
Defined Contribution pension fund: €450k
Company shares : €0 k
Family home mortgage information
Lender: KBC
Interest rate: 3.05 (svr)
If fixed, what is the term remaining of the fixed rate?
(No need to tell us the monthly repayments or what term is left)
Other borrowings – car loans/personal loans etc
None but car is giving problems so likely need replacing
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Buy to let properties
Value:0
Rental income per year:0
Rough annual expenses other than mortgage interest :0
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Do you have a pension scheme?
Do you own any investment or other property?
Other information which might be relevant
Life insurance:
Work death in service x10 salary
Joint life policy €65 per month (no medical conversion )
What specific question do you have or what issues are of concern to you?
(Understand in lucky/good position with cash on hand. )
Trying to make decision(s) with cash available - to balance amount for investing, Vs paying lump sum off mortgage.
Also wife has no pension so had mentally been treating inheritance as her pension.
As with KBC leaving market and with morg rates going up, considering to change to AIB 5 year < 50 fixed green @ 2.1
(Expect replace car expense to arise in coming months, considering biting bullet on new electric ??)
Age: 53
Spouse’s/Partner's age:47
Number and age of children:
2, 11 &!13
Income and expenditure
Annual gross income from employment or profession: 110,000
Annual gross income of spouse:0
Monthly take-home pay: 5500
Type of employment: e.g. Civil Servant, self-employed: Private, PAYE
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving overall annually
Summary of Assets and Liabilities
Family home worth €895 k with a €171k mortgage
Cash of
1. € 295 k (inheritance - wife’s)
2. € 30 k other cask savings
3. € 30 k gparents gifted to kids - invested
Defined Contribution pension fund: €450k
Company shares : €0 k
Family home mortgage information
Lender: KBC
Interest rate: 3.05 (svr)
If fixed, what is the term remaining of the fixed rate?
(No need to tell us the monthly repayments or what term is left)
Other borrowings – car loans/personal loans etc
None but car is giving problems so likely need replacing
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Buy to let properties
Value:0
Rental income per year:0
Rough annual expenses other than mortgage interest :0
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Do you have a pension scheme?
Do you own any investment or other property?
Other information which might be relevant
Life insurance:
Work death in service x10 salary
Joint life policy €65 per month (no medical conversion )
What specific question do you have or what issues are of concern to you?
(Understand in lucky/good position with cash on hand. )
Trying to make decision(s) with cash available - to balance amount for investing, Vs paying lump sum off mortgage.
Also wife has no pension so had mentally been treating inheritance as her pension.
As with KBC leaving market and with morg rates going up, considering to change to AIB 5 year < 50 fixed green @ 2.1
(Expect replace car expense to arise in coming months, considering biting bullet on new electric ??)