Given the difference in pay I don't think paying off a lot of the mortgage will be an option for us as we share all house expenses (and have already overpaid as much as we can together).
No, it's not that we're business partners it's just our way. Not everyone is comfortable with others paying on their behalf too.Why is it not an option ?
Is this a business partner rather than a life partner ?
I should probably do more with this. Might seem like an obvious thing I could Google but is there a maximum amount/tax efficient limit you would set ?Also, why are you not maximising your tax-relieved pension contributions?
At your age you could make a tax-relieved contribution of up to 20% of your earnings (in addition to your employer’s contribution),Might seem like an obvious thing I could Google but is there a maximum amount/tax efficient limit you would set ?
Fair enough but this approach is going to cost you a lot of money.No, it's not that we're business partners it's just our way. Not everyone is comfortable with others paying on their behalf too.
Thanks for this - I'm going to dive into this.At your age you could make a tax-relieved contribution of up to 20% of your earnings (in addition to your employer’s contribution),
subject to a ceiling of €115k.
Bear in mind that you can make an additional contribution for 2019 before 10 December 2020.
Fair enough but this approach is going to cost you a lot of money.
I understand what you're saying, however "he" isn't comfortable with me paying off a large chunk of the mortgage and I have to respect that. While I do appreciate paying it down is probably better than any lower risk investment I can do it's not really an option.You own a house and are in a long-term relationship.
There is no real "my money" and "her money".
Thanks for this - I'm going to dive into this.
I understand what you're saying, however "he" isn't comfortable with me paying off a large chunk of the mortgage and I have to respect that.
I understand what you're saying, however "he" isn't comfortable with me paying off a large chunk of the mortgage and I have to respect that. While I do appreciate paying it down is probably better than any lower risk investment I can do it's not really an option.
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