Age:
51
Spouse’s/Partner's age:
45
Annual gross income from employment or profession:
66000
Annual gross income of spouse:
18000
Monthly take-home pay (gross / 12)
5500
spouse
1500
Type of employment: e.g. Civil Servant, self-employed
PAYE
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving (on top of maxing out pension)
EUR1000 a month
Rough estimate of value of home
400,000
Amount outstanding on your mortgage:
What interest rate are you paying?
(Mortgage paid off)
Other borrowings – car loans/personal loans etc
None
(Car (Toyota Yaris)is 12 years old - so need to buy another car - idea is to buy new and keep for 10 years).
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card?
Paid off every month.
Savings and investments:
Do you have a pension scheme?
Me
30% of gross - Employer 8% of gross - currently EUR730,000 medium risk equity invested
Wife
25% of gross - not invested about EUR90,000
Do you own any investment or other property?
PPR (as above)
400,000
50% of holiday home in the process of selling (only used it 2 weeks a year)
>100,000
Life assurance (property fund) (on my fathers life)
255,000
Company I work for USA shares
400,000
38,000 (Dividends in USA stockbroker from last 10 years)
Pension
730,000
Pension Spouse
90,000
Ages of children:
15 (EUR7500 per year private school)
Life insurance:
0
Bitcoin
4,000
--------------------------------------------------------------------
COMMENT:
Feel we are doing pretty well (except for too much cash) - reluctant to push hard on the
invest more in equities angle as the usa stock markets are currently at all time highs.
(Maxed out inheritance from parents class a so not a self made man)
Crazy 'current position'
Too much cash (340,000) (Surplus since mortgage paid off built up in 'joint account' unchecked) - losing to inflation.
Too much in employers stock (used to get it slightly cheaper as employee)
Minor idea - buy an apartment: (Wife prefers physical property instead of shares).
(not clear if it is for direct use or buy to let - probably better to wait for
son to be 18 (in 3 years time) so can be his PPR) (Action - we have viewed 4 apartments) (Not buying trophy house due to divorce risk)
Last agreement with my wife: invest current surplus (at least 500 per month) to stop cash building up further.
Pretty much decision averse + minor health issues so staying liquid- last push 3 years ago was to get my spouse's pension set up.
(hence for example cash building up).
My wife's Davies select execution only pension
1/- can we invest in ETF's etc (for example Vanguard VUSA on Amsterdam market) with gain only taxed as income when we retire?
I understand outside pension investment break down into:
2/Life assurence wrappers investments with 41% 8 year deemed disposal. 1% stamp
3/Buying for example USA shares (which I am familiar with through employer share buying)
- 15% withholding tax in dividends - dividends as income, CGT 33% on sale.
I should pretty much stick to 1/ 2/ and 3/- I can vary my own (not very flexible) pension into emerging markets if I wanted paperwork free exposure to something strange (I can choose from about 10 funds in total including emerging markets (which seems to be Taiwan & China from the biggest holdings in the fund)) - and keep my outside penson investment to 2/ and 3/
(News:
-Searching for an apartment angle is about 3 months old,
-Some money coming in from holiday house sale and medium size inheritance
- not sure whether to invest big (and psychologically) risk market crash tomorrow) (The money was previously invested in property)
- or drip feed EUR x0,000 a month (dollar cost averaging?) over the next year into USA equities.)
(Probably sticking to my guns in general and 'over stuffing money' into pension funds)
=========================================================
What specific question do you have or what issues are of concern to you?
=========================================================
Repeated from summary/comment above:
In my wife's Davies select execution only pension (This pension is currently not invested.)
- can we invest in ETF's etc (for example Vanguard VUSA on Amsterdam market quoted in euros) with gain only taxed as income when we retire?
(This was commented about in askaboutmoney before so I assume it to be true)
- does buying ETF's in pension being OK/paperwork free (ie no 8 year deemed disposal) extend to more exotic ETF's?)
- Advice for being stuck in decision limbo (from my own personality) and my wife's 'cash + physical property' bias?
(Not too much discussion about 'buying an apartment is probably a bad idea' - at least until my son is 18/his PPR (3 years away)- as there seems to be no clear logic attached.)
+ general investment advice.
51
Spouse’s/Partner's age:
45
Annual gross income from employment or profession:
66000
Annual gross income of spouse:
18000
Monthly take-home pay (gross / 12)
5500
spouse
1500
Type of employment: e.g. Civil Servant, self-employed
PAYE
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving (on top of maxing out pension)
EUR1000 a month
Rough estimate of value of home
400,000
Amount outstanding on your mortgage:
What interest rate are you paying?
(Mortgage paid off)
Other borrowings – car loans/personal loans etc
None
(Car (Toyota Yaris)is 12 years old - so need to buy another car - idea is to buy new and keep for 10 years).
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card?
Paid off every month.
Savings and investments:
Do you have a pension scheme?
Me
30% of gross - Employer 8% of gross - currently EUR730,000 medium risk equity invested
Wife
25% of gross - not invested about EUR90,000
Do you own any investment or other property?
PPR (as above)
400,000
50% of holiday home in the process of selling (only used it 2 weeks a year)
>100,000
Life assurance (property fund) (on my fathers life)
255,000
Company I work for USA shares
400,000
38,000 (Dividends in USA stockbroker from last 10 years)
Pension
730,000
Pension Spouse
90,000
Ages of children:
15 (EUR7500 per year private school)
Life insurance:
0
Bitcoin
4,000
--------------------------------------------------------------------
COMMENT:
Feel we are doing pretty well (except for too much cash) - reluctant to push hard on the
invest more in equities angle as the usa stock markets are currently at all time highs.
(Maxed out inheritance from parents class a so not a self made man)
Crazy 'current position'
Too much cash (340,000) (Surplus since mortgage paid off built up in 'joint account' unchecked) - losing to inflation.
Too much in employers stock (used to get it slightly cheaper as employee)
Minor idea - buy an apartment: (Wife prefers physical property instead of shares).
(not clear if it is for direct use or buy to let - probably better to wait for
son to be 18 (in 3 years time) so can be his PPR) (Action - we have viewed 4 apartments) (Not buying trophy house due to divorce risk)
Last agreement with my wife: invest current surplus (at least 500 per month) to stop cash building up further.
Pretty much decision averse + minor health issues so staying liquid- last push 3 years ago was to get my spouse's pension set up.
(hence for example cash building up).
My wife's Davies select execution only pension
1/- can we invest in ETF's etc (for example Vanguard VUSA on Amsterdam market) with gain only taxed as income when we retire?
I understand outside pension investment break down into:
2/Life assurence wrappers investments with 41% 8 year deemed disposal. 1% stamp
3/Buying for example USA shares (which I am familiar with through employer share buying)
- 15% withholding tax in dividends - dividends as income, CGT 33% on sale.
I should pretty much stick to 1/ 2/ and 3/- I can vary my own (not very flexible) pension into emerging markets if I wanted paperwork free exposure to something strange (I can choose from about 10 funds in total including emerging markets (which seems to be Taiwan & China from the biggest holdings in the fund)) - and keep my outside penson investment to 2/ and 3/
(News:
-Searching for an apartment angle is about 3 months old,
-Some money coming in from holiday house sale and medium size inheritance
- not sure whether to invest big (and psychologically) risk market crash tomorrow) (The money was previously invested in property)
- or drip feed EUR x0,000 a month (dollar cost averaging?) over the next year into USA equities.)
(Probably sticking to my guns in general and 'over stuffing money' into pension funds)
=========================================================
What specific question do you have or what issues are of concern to you?
=========================================================
Repeated from summary/comment above:
In my wife's Davies select execution only pension (This pension is currently not invested.)
- can we invest in ETF's etc (for example Vanguard VUSA on Amsterdam market quoted in euros) with gain only taxed as income when we retire?
(This was commented about in askaboutmoney before so I assume it to be true)
- does buying ETF's in pension being OK/paperwork free (ie no 8 year deemed disposal) extend to more exotic ETF's?)
- Advice for being stuck in decision limbo (from my own personality) and my wife's 'cash + physical property' bias?
(Not too much discussion about 'buying an apartment is probably a bad idea' - at least until my son is 18/his PPR (3 years away)- as there seems to be no clear logic attached.)
+ general investment advice.
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