RE: Children/Education, I'm putting €1500 away each month into stocks as a medium term investment,
Your NE on Investment 1 is 18K. About the overpayment - I presume you mean you are overpaying by a couple of hundred ?
Not a good idea while you have a mortgage at 5.15%.
You should sell the property, but if you decide to keep it, then use all your savings to pay down the mortgage as quickly as possible. You should not be borrowing at 5.15% to invest in stocks, which is what you are doing in effect. When you get the mortgage down to 80% LTV start looking for a lower mortgage rate.
Selling the property and investing your surplus funds in equities is the best, and most flexible, long term financial plan.
I don't like the idea of having €400k in reserves in the company. It seems very tax inefficient. Get as much out as possible and into your own name. If you had taxable profits last year, create a taxable loss this year through pension contributions or a high salary to recover the CT paid. Of course, take tax advice on this.
Brendan
putting most of company profits into pension is the most tax efficient
according to my accountant there are no limits to what I can put into my pension as it is an executive retirement plan/fund.
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