Age:
42
Spouse’s/Partner's age:
N/A
Annual gross income from employment or profession:
E60,000 (based on 30 hour week)
Annual gross income spouse:
n/a
Type of employment:
PAYE, public sector
Expenditure pattern:
Ensure essentials are paid off :mortgage, bills, mgt fees for apt, groceries. No concrete savings target-I invest in shares but no concrete investing plan in place.
Rough estimate of value of home
E350,000
Mortgage on home
E112,000
Mortgage provider: KBC
Type of mortgage: Tracker, interest only, fixed rate
Fixed
Interest rate
2.25%
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
E5,000 savings in cash. Circa E70K shares in one MNC from previous employment. E10K cryptocurrency, E10K in various US shares.
Do you have a pension scheme?
I have a pension fund of 80K E from previous employment. Currently contributing minimum to public sector pension
Do you own any investment or other property?
No
Ages of children:
One child-3 years old
Life insurance:
Mortgage Protection? Yes.
What specific question do you have or what issues are of concern to you?
As mentioned, I am a single parent and very conscious I am the main carer of my daughter. I want to plan for the future as best as I can with the resources I have. Concerns include:
-Should I be contributing to AVCs to my pension or buy notional service instead? I only started in the public sector recently
-Should I get income protection-my job provides 3 months full pay and 3 months half pay; I have been mostly healthy in my lifetime (thank goodness). I have been carefully watching my outgoings so this would be another 'fixed' cost if I avail of it.
-No private health insurance-I cut that about 2 years ago when I was unemployed; should I avail of it again?
-I would like to move to a house in the next few years as my child gets bigger and more active-we are in an apt currently, which is fine but would prefer own garden, driveway etc. How realistic are my chances of getting one? I am on a 4 day week currently but possibly move to more hours when my child starts primary school. Top of the grade salary scale for my role is 85k.
-Don't have alot in cash, I prefer to invest in shares as a long term investing vehicle.
I would appreciate any comments you have; I realise there is alot of information provided. Thanks.
42
Spouse’s/Partner's age:
N/A
Annual gross income from employment or profession:
E60,000 (based on 30 hour week)
Annual gross income spouse:
n/a
Type of employment:
PAYE, public sector
Expenditure pattern:
Ensure essentials are paid off :mortgage, bills, mgt fees for apt, groceries. No concrete savings target-I invest in shares but no concrete investing plan in place.
Rough estimate of value of home
E350,000
Mortgage on home
E112,000
Mortgage provider: KBC
Type of mortgage: Tracker, interest only, fixed rate
Fixed
Interest rate
2.25%
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
E5,000 savings in cash. Circa E70K shares in one MNC from previous employment. E10K cryptocurrency, E10K in various US shares.
Do you have a pension scheme?
I have a pension fund of 80K E from previous employment. Currently contributing minimum to public sector pension
Do you own any investment or other property?
No
Ages of children:
One child-3 years old
Life insurance:
Mortgage Protection? Yes.
What specific question do you have or what issues are of concern to you?
As mentioned, I am a single parent and very conscious I am the main carer of my daughter. I want to plan for the future as best as I can with the resources I have. Concerns include:
-Should I be contributing to AVCs to my pension or buy notional service instead? I only started in the public sector recently
-Should I get income protection-my job provides 3 months full pay and 3 months half pay; I have been mostly healthy in my lifetime (thank goodness). I have been carefully watching my outgoings so this would be another 'fixed' cost if I avail of it.
-No private health insurance-I cut that about 2 years ago when I was unemployed; should I avail of it again?
-I would like to move to a house in the next few years as my child gets bigger and more active-we are in an apt currently, which is fine but would prefer own garden, driveway etc. How realistic are my chances of getting one? I am on a 4 day week currently but possibly move to more hours when my child starts primary school. Top of the grade salary scale for my role is 85k.
-Don't have alot in cash, I prefer to invest in shares as a long term investing vehicle.
I would appreciate any comments you have; I realise there is alot of information provided. Thanks.