Hi, I’d like some advice please about how I should be saving:
Salary: €73,000
Age: 40
Marital status: Single
Savings: €25,000
Loans: none
Credit card: none
Shares: €55,000 (work scheme)
Salary forgo: €12700 into work scheme annually which includes annual bonus & €500 per month from salary (tax efficient)
Pension: DB
Plus avcs: 7.5% of salary into scheme
Rent: €500 rent a room scheme Monthly
Mortgage: €205,000 remaining
Mortgage term: 20 years remaining
Mortgage overpayment; €35,000 (mortgage should be €240k)
Mortgage: PTSB, 3.25%
My question is: I would like to move within the next few years.
Should I keep putting my savings into (a) mortgage, or (b) cash savings or (c) sell shares?
Thanks for all your advice
Salary: €73,000
Age: 40
Marital status: Single
Savings: €25,000
Loans: none
Credit card: none
Shares: €55,000 (work scheme)
Salary forgo: €12700 into work scheme annually which includes annual bonus & €500 per month from salary (tax efficient)
Pension: DB
Plus avcs: 7.5% of salary into scheme
Rent: €500 rent a room scheme Monthly
Mortgage: €205,000 remaining
Mortgage term: 20 years remaining
Mortgage overpayment; €35,000 (mortgage should be €240k)
Mortgage: PTSB, 3.25%
My question is: I would like to move within the next few years.
Should I keep putting my savings into (a) mortgage, or (b) cash savings or (c) sell shares?
Thanks for all your advice