embroiderygirl06
New member
I am 34 years old living in Ireland. I am paying off a mortgage and I have 65k in saving atm.
I was thinking to invest but I also would like to pay off some mortgage debt in 3 years time when my fix rate comes to an end.
So I either invest some of this money for the 3 years period (I guess that is too volatile especially when you are not a pro in investing) or I just invest 10-15 k long term.
What would you suggest?
Investing in pension has some tax relief (40%) so if I do an additional voluntary contribution of 10 k I would just put out of pocket 6 K
And that is invested in the corporative fund with high risk and orientative
4.5% gross p.a (not granted) How safe they are and how much they normally grow?
If I take the long term option would you put that money in the pension fund (considering the tax relief) or something else? I ve been reading a lot but still not able to decide.
TIA
I was thinking to invest but I also would like to pay off some mortgage debt in 3 years time when my fix rate comes to an end.
So I either invest some of this money for the 3 years period (I guess that is too volatile especially when you are not a pro in investing) or I just invest 10-15 k long term.
What would you suggest?
Investing in pension has some tax relief (40%) so if I do an additional voluntary contribution of 10 k I would just put out of pocket 6 K
And that is invested in the corporative fund with high risk and orientative
4.5% gross p.a (not granted) How safe they are and how much they normally grow?
If I take the long term option would you put that money in the pension fund (considering the tax relief) or something else? I ve been reading a lot but still not able to decide.
TIA