Age: 39
Spouse’s/Partner's age: 40
Annual gross income from employment or profession: 35k
Annual gross income of spouse: 37k plus bonus depending on sales
Type of employment: both self-employed
In general are you spending more than you earn or are you saving? Saving
Rough estimate of value of home 550k
Amount outstanding on your mortgage: 120k
What interest rate are you paying? 5.7% EBS tracker
Other borrowings – none
Do you pay off your full credit card balance each month? yes
Savings and investments: none
Do you have a pension scheme? no
Do you own any investment or other property? no
Ages of children: none
Life insurance: no
What specific question do you have or what issues are of concern to you?
In this uncertain time, how do we save for a pension? Have been bitterly disappointed with money put into pension worth less than we put in. Property not a good bet at the moment, but would still consider property, as we are looking at long term 20 years to retirement. I know there is tax advantages to pensions, but I really have a problem paying into one that is loosing money.
Spouse’s/Partner's age: 40
Annual gross income from employment or profession: 35k
Annual gross income of spouse: 37k plus bonus depending on sales
Type of employment: both self-employed
In general are you spending more than you earn or are you saving? Saving
Rough estimate of value of home 550k
Amount outstanding on your mortgage: 120k
What interest rate are you paying? 5.7% EBS tracker
Other borrowings – none
Do you pay off your full credit card balance each month? yes
Savings and investments: none
Do you have a pension scheme? no
Do you own any investment or other property? no
Ages of children: none
Life insurance: no
What specific question do you have or what issues are of concern to you?
In this uncertain time, how do we save for a pension? Have been bitterly disappointed with money put into pension worth less than we put in. Property not a good bet at the moment, but would still consider property, as we are looking at long term 20 years to retirement. I know there is tax advantages to pensions, but I really have a problem paying into one that is loosing money.