Familyman77
Registered User
- Messages
- 157
Placed this is another forum but maybe this is the better forum as its future planning
Personal details
Age:46
Spouse's age:40
Partner's age if not married:
Number and age of children:
7 and 11
Income and expenditure
Annual gross income from employment or profession:
Annual gross income of spouse/partner: n/a
Monthly take-home pay: €5900 ( includes average mileage allowance)
Type of employment - e.g. Employee or self-employed. Employee
Employer type: e.g. public servant, private company. Private
In general are you:
(a) spending more than you earn, or
(b) saving?
Need to save now after overpaying mortgage
Summary of Assets and Liabilities
Family home value: €380k
Mortgage on family home: N/A
Net equity: 380k
Cash: €10k
Defined Contribution pension fund:
Company shares : N/a
Buy to Let Property value: N/a
Buy to let Mortgage: N/a
Total net assets:
Family home mortgage information
Lender N/a
Interest rate
Type of interest rate: tracker, variable, fixed.
If fixed, what is the term remaining of the fixed rate?
If tracker, what is the margin e.g. ECB + 1%
Remaining term: (Original term is not relevant)
Monthly repayment: N/a
Other borrowings – car loans/personal loans etc - no other borrowings will need about 20k for a car in a year or 2
Do you pay off your full credit card balance each month? No credit card
If not, what is the balance on your credit card?
Pension information
Value of pension fund: €485k
Executive pension fund with contribution expectations of 30k per annum in addition to wage
Buy to let properties
Value: 0
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:
Other information which might be relevant
Life insurance: Term policy from old mortgage €275k until 2039, €100k death in service policy
What specific question do you have or what issues are of concern to you?
1. As single earner should I be looking at income protection or a more comprehensive life insurance
2. My next intention is to build up cash reserves again and then where should my focus lie for the next few years
Thanks in advance
Personal details
Age:46
Spouse's age:40
Partner's age if not married:
Number and age of children:
7 and 11
Income and expenditure
Annual gross income from employment or profession:
Annual gross income of spouse/partner: n/a
Monthly take-home pay: €5900 ( includes average mileage allowance)
Type of employment - e.g. Employee or self-employed. Employee
Employer type: e.g. public servant, private company. Private
In general are you:
(a) spending more than you earn, or
(b) saving?
Need to save now after overpaying mortgage
Summary of Assets and Liabilities
Family home value: €380k
Mortgage on family home: N/A
Net equity: 380k
Cash: €10k
Defined Contribution pension fund:
Company shares : N/a
Buy to Let Property value: N/a
Buy to let Mortgage: N/a
Total net assets:
Family home mortgage information
Lender N/a
Interest rate
Type of interest rate: tracker, variable, fixed.
If fixed, what is the term remaining of the fixed rate?
If tracker, what is the margin e.g. ECB + 1%
Remaining term: (Original term is not relevant)
Monthly repayment: N/a
Other borrowings – car loans/personal loans etc - no other borrowings will need about 20k for a car in a year or 2
Do you pay off your full credit card balance each month? No credit card
If not, what is the balance on your credit card?
Pension information
Value of pension fund: €485k
Executive pension fund with contribution expectations of 30k per annum in addition to wage
Buy to let properties
Value: 0
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:
Other information which might be relevant
Life insurance: Term policy from old mortgage €275k until 2039, €100k death in service policy
What specific question do you have or what issues are of concern to you?
1. As single earner should I be looking at income protection or a more comprehensive life insurance
2. My next intention is to build up cash reserves again and then where should my focus lie for the next few years
Thanks in advance