Switching from Permanent role to Part time

eamonneor

Registered User
Messages
11
Hi,

Age: 57
Spouse’s/Partner's age: 52

Annual gross income from employment or profession: 90000
Annual gross income of spouse:0

Monthly take-home pay 4400 (net of pension AVC's)

Type of employment: Private Sector

In general are you: Saver
(a) spending more than you earn, or
(b) saving?

Rough estimate of value of home 500k
Amount outstanding on your mortgage: 0
What interest rate are you paying?

Other borrowings – car loans/personal loans etc 0

Do you pay off your full credit card balance each month? yes
If not, what is the balance on your credit card?

Savings and investments: circa €100k

Do you have a pension scheme? yes excess €500k

Do you own any investment or other property?

Ages of children: Youngest is 11. Rest have flown the nest

Life insurance:


What specific question do you have or what issues are of concern to you?
Hi I'm considering switching from 5 day week to 4 day week.

What impact would this have on pensions lump sum calculations?
What impact would this have if I potentially took a voluntary package which comes around from time to time. ?

I would like to understand the financial impact. I would see this as a first step in slowing down and taking early retirement.

Thoughts / comment welcome
 
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