ge:
49
Spouse’s/Partner's age:
45
Annual gross income from employment or profession:
€100,000
Annual gross income spouse:
€20,000
Type of employment:
Both private sector employees
Expenditure pattern:
We are both generally 'savers'
Rough estimate of value of home
€400,000
Mortgage on home
€150,000 - we've about 15 years left on the mortgage.
Mortgage provider:
Ulster Bank
Type of mortgage: Tracker, interest only, fixed rate
Tracker
Interest rate
Discount tracker of .85% on top of ECB rate
Other borrowings – car loans/personal loans etc
€4,000 on car loan
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
€60,000 saving
€8,000 in BoI, Glanbia and Datalex shares (current value)
Do you have a pension scheme?
Yes, I’ve been employed by same company for past 21 years and pay around €600 per month in to a defined benefit pension
My wife pays company pay €50 per month into a pension.
I also have about €15k in AVCs through our pension service providers and have started to add around €5k per year in to this fund.
Do you own any investment or other property?
Yes and we receive €700 per month rent (Current mortgage is €520 per month)
Rough estimate of value of rental property home
€220,000
Mortgage on home
€60,000 - we've about 15 years left on the mortgage
Mortgage provider:
Ulster Bank
Type of mortgage: Tracker, interest only, fixed rate
Tracker
Interest rate
Tracker of 1.85% on top of ECB rate
Ages of children:
15 & 11.
Life insurance:
Yes.
What specific question do you have or what issues are of concern to you?
49
Spouse’s/Partner's age:
45
Annual gross income from employment or profession:
€100,000
Annual gross income spouse:
€20,000
Type of employment:
Both private sector employees
Expenditure pattern:
We are both generally 'savers'
Rough estimate of value of home
€400,000
Mortgage on home
€150,000 - we've about 15 years left on the mortgage.
Mortgage provider:
Ulster Bank
Type of mortgage: Tracker, interest only, fixed rate
Tracker
Interest rate
Discount tracker of .85% on top of ECB rate
Other borrowings – car loans/personal loans etc
€4,000 on car loan
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
€60,000 saving
€8,000 in BoI, Glanbia and Datalex shares (current value)
Do you have a pension scheme?
Yes, I’ve been employed by same company for past 21 years and pay around €600 per month in to a defined benefit pension
My wife pays company pay €50 per month into a pension.
I also have about €15k in AVCs through our pension service providers and have started to add around €5k per year in to this fund.
Do you own any investment or other property?
Yes and we receive €700 per month rent (Current mortgage is €520 per month)
Rough estimate of value of rental property home
€220,000
Mortgage on home
€60,000 - we've about 15 years left on the mortgage
Mortgage provider:
Ulster Bank
Type of mortgage: Tracker, interest only, fixed rate
Tracker
Interest rate
Tracker of 1.85% on top of ECB rate
Ages of children:
15 & 11.
Life insurance:
Yes.
What specific question do you have or what issues are of concern to you?
- Our 15 year old daughter will finish secondary school in 3 years time and I have no specific saving fund in place to cover the costs of 3rd level. Should I invest a portion of our savings in to a fund to help cover her 3rd level costs.
- What type of plan should I be making for our 11 year old’s 3rd level education costs.
- Is there anything else I should be doing with our savings?
- Should I be making any other plans for the longer term bearing in mind that we will inherit a property and amounts of money in the coming years?
- Are there any personal Finance Advisers in the south east of Ireland that you’d recommend?