Couple of things that jump out at me
Why didn't you clear your mortgage in full??
You have the means to do this so why wait, I can understand the need for a cash reserve I have one and it's very much bigger than yours but the difference between you and me is I'm not in a secure employment and am relying on savings and investments to fund my life so I like the comfort of the cash fund should anything go wrong with the other side of my finances
You on the other hand have a secure income so you don't need a huge rainy day fund per se. If you cleared your mortgage now and rediverted you mortgage and insurance payments you'd be saving nearly €4.5k a year, which will grow nicely over the next ten years you intend to work
I notice after paying the lump sum you've reduced your repayments to €95pm but over thirteen years this will cost you nearly €3k in interest at current rates, yes it's a small amount of money when divided over thirteen years but why pay it if you don't have to
Given that your talking about retiring in ten years is that €3k not better off in your nest egg than the banks pocket and if you can avail of any tax credits to further fund your pension well than it's even worth more than the €3k you'll save in interest
Regarding the mortgage protection policy I would agree with Brendan here
If not, scrap the policy. I doubt that the lender will do anything about it other than to write to you saying you are a bold boy.
I did it with mine in 2012 and for the next five years or so I used to receive a letter every year informing me that there was no protection policy attached to the mortgage but that is all that happened, I did clear the mortgage in late 2017, so I would presume the same would happen to you especially given that the mortgage is very small but if it becomes an issue you have the funds...
