Hello all, first time contributor here 25m. Long story short I want to emigrate but return home and buy a house eventually. What advice do you have ?
Currently I’m on 37k. Once I finish my training contract, 2 years from now, base salary would be 70k.
Rent is 500 a month (live with missus) and I have 6k in savings. I try to live frugally (quite literally never happens) but I’m trying to save about 400 a month and contribute 125 into the pension (ER matches). I invest 100 a month into global s&P Vanguard ETF as I I have been prevailed upon by friends - is this silly? I understand annual exemption is 1270 which should cover for me for a while from a tax perspective. I also invest on Degiro
I want to live in Vancouver for a year with the gf (more so live abroad generally as I have given up my early twenties in pursuit of exams). She’s the very same as me and a lot of her friends are over there and it would be nice to change scenery. We both are agreed that we would come home as a lot of the exams and work we put in is specific to Ireland I.e. Irish qualifications. Where does that leave me with my pension as I doubt I can or will contribute while I’m away.
I’m also certain that if I pursue this route my ability to save for a mortgage won’t actually begin until I’m around 30. I’m hoping to earn decently but I’ll be behind.
Again this is just a rough outline of things - I just like to know where things would be at. Thanks.