Personal details
Age: 34
Spouse’s/Partner's age: 30
Number and age of children:
0
Income and expenditure
Annual gross income from employment or profession: C €65,000 Tax Free depending on $ - € FX rate.
Annual gross income of spouse: C €50,000 Tax free depending on $ - € FX rate.
Monthly take-home pay C €9500
Type of employment: Expat in foreign country with no income tax.
In general are you:
Saver but enjoy spending.
Summary of Assets and Liabilities
Family home worth €215k with an €88k mortgage
Cash of €90k.
Defined Contribution pension fund: Public Service. 1 x pre 2011 entrant 1 x Post 2011 entrant. Career break since late 2019 so paused.
Family home mortgage information
Lender UB
Interest rate 2.7%
If fixed, what is the term remaining of the fixed rate? 3yrs
(No need to tell us the monthly repayments or what term is left)
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Buy to let properties
Value: PPR rented is absence
Rental income per year: €16200
Rough annual expenses other than mortgage interest : €3000
Lender UB
Interest rate 2.7%
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Do you have a pension scheme? €3k in Cornmarket AVC scheme. Was not paying in long before moving away.
Do you own any investment or other property? Classic car worth €10k.
Other information which might be relevant
Life insurance: N/A Need to get something in place!
What specific question do you have or what issues are of concern to you?
We are debt free bar mortgage which is paid for us by tenants. As we are registered as non resident with Revenue, tax is only 20% on rental income instead of 48%.
Looking to maximise savings potential over the next 3 years. Currently have €90k on deposit and would likely see that rise €5k per month until late 2024. Inflation is eating away at that cash so I'd like to offset that. Liquidity is important as we wish to trade up when we move home.
PPR was bought as a long term investment in mind. Highly rentable in regional Irish city where we will move home to. It is an older house and will need a rewire and replumb in the medium term. Had been overpaying 50% but brought it back down as we felt it wasa waste when the tax bill was lower.
Age: 34
Spouse’s/Partner's age: 30
Number and age of children:
0
Income and expenditure
Annual gross income from employment or profession: C €65,000 Tax Free depending on $ - € FX rate.
Annual gross income of spouse: C €50,000 Tax free depending on $ - € FX rate.
Monthly take-home pay C €9500
Type of employment: Expat in foreign country with no income tax.
In general are you:
Saver but enjoy spending.
Summary of Assets and Liabilities
Family home worth €215k with an €88k mortgage
Cash of €90k.
Defined Contribution pension fund: Public Service. 1 x pre 2011 entrant 1 x Post 2011 entrant. Career break since late 2019 so paused.
Family home mortgage information
Lender UB
Interest rate 2.7%
If fixed, what is the term remaining of the fixed rate? 3yrs
(No need to tell us the monthly repayments or what term is left)
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Buy to let properties
Value: PPR rented is absence
Rental income per year: €16200
Rough annual expenses other than mortgage interest : €3000
Lender UB
Interest rate 2.7%
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Do you have a pension scheme? €3k in Cornmarket AVC scheme. Was not paying in long before moving away.
Do you own any investment or other property? Classic car worth €10k.
Other information which might be relevant
Life insurance: N/A Need to get something in place!
What specific question do you have or what issues are of concern to you?
We are debt free bar mortgage which is paid for us by tenants. As we are registered as non resident with Revenue, tax is only 20% on rental income instead of 48%.
Looking to maximise savings potential over the next 3 years. Currently have €90k on deposit and would likely see that rise €5k per month until late 2024. Inflation is eating away at that cash so I'd like to offset that. Liquidity is important as we wish to trade up when we move home.
PPR was bought as a long term investment in mind. Highly rentable in regional Irish city where we will move home to. It is an older house and will need a rewire and replumb in the medium term. Had been overpaying 50% but brought it back down as we felt it wasa waste when the tax bill was lower.
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