Age: 28
Spouse’s/Partner's age: N/A
Annual gross income from employment or profession: 70K (+30-35k ish after tax in bonus's etc)
Annual gross income of spouse: N/A
Monthly take-home pay 3750 + 1.5-2k from the +30 above
Type of employment: e.g. Civil Servant, self-employed Permanent - Private sector
In general are you:
(a) spending more than you earn, or
(b) saving? This one - Save 4k ish a month give or take
Rough estimate of value of home N/A - Rent paid by work - I've this included in the +30k above
Amount outstanding on your mortgage: N/A
What interest rate are you paying? N/A
Other borrowings – car loans/personal loans etc No
Do you pay off your full credit card balance each month? Don't use one
If not, what is the balance on your credit card? N/A
Savings and investments: 70K Cash , 30K invested
Do you have a pension scheme? Yes, Pay 5% atm matched, upping this to max at the moment. Next year work will match up to 12%. Barely started this so only a few K in it.
Do you own any investment or other property? N/A
Ages of children: N/A
Life insurance: Through work, not sure of the details off hand
What specific question do you have or what issues are of concern to you?
Seems like a waste leaving 70K sit in the bank and adding 4k ish a month and gaining zero interest. so basically ideas on what to do with this? Especially now with covid can't spend any for the time being on holidays etc. Was considering buying a buy to let but then you hear horror stories on this.
Thanks