My wife and I both recently cashed in our ssia's and i also recieved a bit of redundancy. ( I am back working thank God and am now paying into the jobs pension fund, HSE funded employment, and am aged 45 and have never been in a pension fund previously) My wife does not work, she is on long term disability benefit
At present we have paid of the mortage and have lodged €25,000 each into a 21day notice investment account with IL&p at 4.5% interest and have started one of those 21 day saving accounts each paying in €200 each every month. we also have another €11,000 which at present is sitting in my current account IL&P as we reckon that will be spent on work at home sometime this year if everything goes to plan.
We are both very cautious people and would be a bit wary of stocks and shares etc,
bearing that in Mind does anyone think we have put our money in the right place or could we get a better deal elsewhere.
At present we have paid of the mortage and have lodged €25,000 each into a 21day notice investment account with IL&p at 4.5% interest and have started one of those 21 day saving accounts each paying in €200 each every month. we also have another €11,000 which at present is sitting in my current account IL&P as we reckon that will be spent on work at home sometime this year if everything goes to plan.
We are both very cautious people and would be a bit wary of stocks and shares etc,
bearing that in Mind does anyone think we have put our money in the right place or could we get a better deal elsewhere.