Hi all
I'm looking for some advice. I currently have 260k mortgage which I am overpaying by 12k a year. That puts my last payment approx 12 years away .
I have about 300 a month I want to save, but obviously bank current accounts are crap at the minute. So I'm wondering what is the most return I can make on saving 300 a month, but I won't need immediate access to the money for a long time, ie 5 years.
I have a separate emergency fund that I do keep in an emergency current account that I can access if I need it.
With regards to my pension, I am in a dB scheme working for a semi state company and I'm 36 so I'm not sure about throwing the money into a.v.c's as I've read you can over invest in pension schemes, although I could (and probably) have this wrong .
Any advice you have would be great .
Also my mortgage rate is 2.75 (a.i.b) and I've already switched twice .I intend to switch to u.b in January (when I have 6 months statements from AIB) to get a lower rate .
I'm looking for some advice. I currently have 260k mortgage which I am overpaying by 12k a year. That puts my last payment approx 12 years away .
I have about 300 a month I want to save, but obviously bank current accounts are crap at the minute. So I'm wondering what is the most return I can make on saving 300 a month, but I won't need immediate access to the money for a long time, ie 5 years.
I have a separate emergency fund that I do keep in an emergency current account that I can access if I need it.
With regards to my pension, I am in a dB scheme working for a semi state company and I'm 36 so I'm not sure about throwing the money into a.v.c's as I've read you can over invest in pension schemes, although I could (and probably) have this wrong .
Any advice you have would be great .
Also my mortgage rate is 2.75 (a.i.b) and I've already switched twice .I intend to switch to u.b in January (when I have 6 months statements from AIB) to get a lower rate .