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What’s a ‘good’ salary?
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Nowadays with prices of everything being insanely high and getting on the property ladder being exceedingly hard not to mention being taxed on things we’ve been taxed on before how much do you need to earn to be comfortable? Average salary is apparently £34k a year. Is that good? (London weighting not included!) |
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I think it depends entirely on your lifestyle and living expenses. Our income is fairly small but we don't have a mortgage or rent, have time to shop around, cook from scratch, only need one car etc |
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"Well, the UK average is roughly £35k
So anything above that could he considered good. But then that depends on the role, responsibilities, skill sets, etc etc
Average salary or household income "
Salary..according to Mr Google |
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By (user no longer on site) 1 day ago
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"Profits are better than wages" - Jim Rohn
Forget a salary and start a business and learn to generate profit.
Make your first million. The value of your first million is not the money, it's what you have to be come to make a million.
Now, that's freedom... |
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Apparently I live in the UK.
In the last 40 years I've managed 2 different companies including one that was the largest independent in the country in that particular field.
I've never even come close to the average wage.
My salary in 2013 when I changed companies was less than £15k despite managing that company for 22 years. That was the going rate over here for that line of business so looking for a similar role elsewhere wasn't an option.
The most I have ever earned in any job was in the last one I had and that was just under £27k pa.
Covid took that away from me and I now earn about two thirds of that.
I find it hilarious when people talk about the average wage because I know very few who have ever earned that amount.
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"Well, the UK average is roughly £35k
So anything above that could he considered good. But then that depends on the role, responsibilities, skill sets, etc etc
Average salary or household income
Salary..according to Mr Google"
FAIR ENOUGH  |
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By *enk15Man 1 day ago
Evesham |
"Apparently I live in the UK.
In the last 40 years I've managed 2 different companies including one that was the largest independent in the country in that particular field.
I've never even come close to the average wage.
My salary in 2013 when I changed companies was less than £15k despite managing that company for 22 years. That was the going rate over here for that line of business so looking for a similar role elsewhere wasn't an option.
The most I have ever earned in any job was in the last one I had and that was just under £27k pa.
Covid took that away from me and I now earn about two thirds of that.
I find it hilarious when people talk about the average wage because I know very few who have ever earned that amount.
"
The "average" UK salary is not a good indication. Because the outliers are much more extreme on the rich/high earner scale than they are the other way.
So it may be average, but a lot more people will be under it than over it. |
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All about lifestyle choices.
Most the people I know with money issues earn around the 60-80K and have lifestyles that need 2-3x that.
I think if your single living outside the SE 40-50K is ok, 75+ would be considered fairly high and 100+ good / senior role |
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It's about lifestyle and location. In the North and without being too extravagant £40k+ is pretty good and you can be very comfortable. Move to the south, have kids or just have a very active social life and you probably want at least double. |
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"It's about lifestyle and location. In the North and without being too extravagant £40k+ is pretty good and you can be very comfortable. Move to the south, have kids or just have a very active social life and you probably want at least double. "
Not if you are a graduate, have 2-4 kids and only one of you is working.
The point where you hit HR tax and lose tax credits / child benefit , paying into a pension, being hammered by Student loan repayments 40K -50K salary is poverty even in the north ! I’d say for a family of 4 in the north minimum 65K to not feel poor
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"It's about lifestyle and location. In the North and without being too extravagant £40k+ is pretty good and you can be very comfortable. Move to the south, have kids or just have a very active social life and you probably want at least double.
Not if you are a graduate, have 2-4 kids and only one of you is working.
The point where you hit HR tax and lose tax credits / child benefit , paying into a pension, being hammered by Student loan repayments 40K -50K salary is poverty even in the north ! I’d say for a family of 4 in the north minimum 65K to not feel poor
"
Bloody hell. How much does it cost to run a whippet these days!? |
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""Profits are better than wages" - Jim Rohn
Forget a salary and start a business and learn to generate profit.
Make your first million. The value of your first million is not the money, it's what you have to be come to make a million.
Now, that's freedom..."
Great that's all we need 20 million telephone sanitisers. |
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I earn over £100k per year.... they dont pay me anywhere near that but I bloody well earn it!
I agree with others though, lifestyle, needs, expectations play major factors in what is good.
When talking to someone recently who was all about making money, whatever he could make, I told him I had something he didnt. He was perplexed because he had a very nice house, sportscar, nice holidays etc.... and I told that what i had was 'enough' and I didnt need to keep looking for that next big thing, hence i dont have the stress and I live a life I want. |
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"It's about lifestyle and location. In the North and without being too extravagant £40k+ is pretty good and you can be very comfortable. Move to the south, have kids or just have a very active social life and you probably want at least double.
Not if you are a graduate, have 2-4 kids and only one of you is working.
The point where you hit HR tax and lose tax credits / child benefit , paying into a pension, being hammered by Student loan repayments 40K -50K salary is poverty even in the north ! I’d say for a family of 4 in the north minimum 65K to not feel poor
Bloody hell. How much does it cost to run a whippet these days!?"
And doesn’t stop at 18 or 21 or 25…….
But the best ever return on investment  |
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"I think it depends entirely on your lifestyle and living expenses. Our income is fairly small but we don't have a mortgage or rent, have time to shop around, cook from scratch, only need one car etc"
That’s the life! I’d love to get that point, but fear I’ve missed the boat after 2 decades of travelling and partying, instead of buying property. |
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"Well, the UK average is roughly £35k
So anything above that could he considered good. But then that depends on the role, responsibilities, skill sets, etc etc"
I'd imagine many people earn below the average salary.
Many entry level jobs start around £22,000 and for lots of reasons, many don't get much beyond that.
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By *uzzleMan 1 day ago
Hastings |
I am in a minimum wage job.
I'm a single guy, never married.
The company I was working for closed due to covid. Therefore, had to move back in with my parents and I'm still there.
This is why I put absolutely zero effort into messageing women for a meet.
Women automatically assume 'cannot accommodate' equates to being married, they don't want someone who can't host because they reside with their parents and neither do they want average at best.
In short I am textbook for everything that a woman does not want.
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By *avinaTVTV/TS 1 day ago
Transsexual Transylvania |
"I don’t date guys who make less than £1m per year
Trying to manifest this. I’m ready to be a kept woman"
I'd like to date a guy who makes over £1m a year, too. I could be a kept woman. Just saying, in case any are reading this...  |
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"I don’t date guys who make less than £1m per year
Trying to manifest this. I’m ready to be a kept woman
I'd like to date a guy who makes over £1m a year, too. I could be a kept woman. Just saying, in case any are reading this... "
One day, Davina. We’ll get the multi millionaires of our dreams and go on rich people side quests for overpriced art together and laugh at the povos on fab. |
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A good salary for what though?
It varies from job to job and area you live in etc
Live in central London will require a higher salary than living most other places.
For me it’s not about the salary but it’s about if I feel I’m being remunerated for the time I give based against what is expected of me and what I deliver
Then add your own lifestyle choices in to it and it differs again
Me and a friend often have a conversation on who is the “richer person”, the archetypal family person on a minimum wage but with a loving family or someone who is single on a deemed higher wage but works all the time to achieve it |
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"Nowadays with prices of everything being insanely high and getting on the property ladder being exceedingly hard not to mention being taxed on things we’ve been taxed on before how much do you need to earn to be comfortable? Average salary is apparently £34k a year. Is that good? (London weighting not included!)"
Anything less than 90k outside of london is minimum that one need to maintain good lifestyle, own a house, support kids and family, enjoy foreign holidays and save good pension ..London it should be 120/150k per person to maintain the same levels.
If I compare the salaries in the tech space between US and UK - we are no where close to it, although working at the same levels - Band to Profile everything. One way to increase your take home by switching from PAYE role to outside IR35 role - this will help you with bigger alpha aka taxes, so less taxes meaning more money in your pocket.
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Im not going to whine too much, we are comfortably off and well, well above the national average.
As others have said, people above the average will drag it up to the point that many many people will be below that figure.
However, and it may be an unpopular assertion i think a horrible place to be is above 35k and below 60k.
You miss out on most help, you are subject to the fiscal drag of tax brackets not shifting, and people earning less than you think you are living the life of riley.
There will be lots of people (especially in expensive parts of the country) who dont have much disposable income.
The whole tax system in the Uk is a bad joke, with. a never ending shift around how, when and why the government feels its ok to fleece you. |
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"
However, and it may be an unpopular assertion i think a horrible place to be is above 35k and below 60k.
You miss out on most help, you are subject to the fiscal drag of tax brackets not shifting, and people earning less than you think you are living the life of riley.
"
Totally agree. And it’s usually at the worst time - start of your career so less time, young kids, mortgage, student loan repayments - when you need it most. Not sure what it is now but you used to lose child benefit at 50K
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I don’t get paid what I’m worth, but I get paid a lot more than a UK salary.
I’d probably struggle now on a UK wage as I’m used to living a certain way.
I’ll most likely die before I need to worry about this. |
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"Im not going to whine too much, we are comfortably off and well, well above the national average.
As others have said, people above the average will drag it up to the point that many many people will be below that figure.
However, and it may be an unpopular assertion i think a horrible place to be is above 35k and below 60k.
You miss out on most help, you are subject to the fiscal drag of tax brackets not shifting, and people earning less than you think you are living the life of riley.
There will be lots of people (especially in expensive parts of the country) who dont have much disposable income.
The whole tax system in the Uk is a bad joke, with. a never ending shift around how, when and why the government feels its ok to fleece you. "
Especially when you cross 100k mark - they don’t give you 12500 tax free money plus they take 1 pound for every 2 you earn - so the only way to save this draconian tax is to save more into private pension |
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"Im not going to whine too much, we are comfortably off and well, well above the national average.
As others have said, people above the average will drag it up to the point that many many people will be below that figure.
However, and it may be an unpopular assertion i think a horrible place to be is above 35k and below 60k.
You miss out on most help, you are subject to the fiscal drag of tax brackets not shifting, and people earning less than you think you are living the life of riley.
There will be lots of people (especially in expensive parts of the country) who dont have much disposable income.
The whole tax system in the Uk is a bad joke, with. a never ending shift around how, when and why the government feels its ok to fleece you.
Especially when you cross 100k mark - they don’t give you 12500 tax free money plus they take 1 pound for every 2 you earn - so the only way to save this draconian tax is to save more into private pension"
With income tax, NI and pensions we lose 65% of our combined gross income. Then pay VAT on a batshit list of goods (hot vs cold subway for example) CGT, council tax, petrol tax, insurance tax, air travel tax, and probably lots more Ive forgotten.
When you realize how much of your income is syphoned off its not a happy thought
 |
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Its all perspective. I earn reasonable money. Rent in Surrey, if i want something i can venerally afford to buy it. So i'd say I'm doing ok. I'm a builder, circa 40k -50k a year. Currently working on a garage in Kensington to a house which the owner wants to rent out and then live in the "garage". The house will rent for 40k a month. Easily. And there are people queuing around the block to rent it.
So yeah, i think i'm doing ok. My client however wouldnt survive a week on what i make !
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"Im not going to whine too much, we are comfortably off and well, well above the national average.
As others have said, people above the average will drag it up to the point that many many people will be below that figure.
However, and it may be an unpopular assertion i think a horrible place to be is above 35k and below 60k.
You miss out on most help, you are subject to the fiscal drag of tax brackets not shifting, and people earning less than you think you are living the life of riley.
There will be lots of people (especially in expensive parts of the country) who dont have much disposable income.
The whole tax system in the Uk is a bad joke, with. a never ending shift around how, when and why the government feels its ok to fleece you.
Especially when you cross 100k mark - they don’t give you 12500 tax free money plus they take 1 pound for every 2 you earn - so the only way to save this draconian tax is to save more into private pension
With income tax, NI and pensions we lose 65% of our combined gross income. Then pay VAT on a batshit list of goods (hot vs cold subway for example) CGT, council tax, petrol tax, insurance tax, air travel tax, and probably lots more Ive forgotten.
When you realize how much of your income is syphoned off its not a happy thought
"
Biggest scam of the world - income through PAYE route |
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"Can you:
Feed yourself
Clothe yourself
Heat yourself
Have money left over?
Then you earn enough, regardless of the salary size.  "
Nope that’s called basic salary - no body works for just for this but more than that |
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"Can you:
Feed yourself
Clothe yourself
Heat yourself
Have money left over?
Then you earn enough, regardless of the salary size.
Nope that’s called basic salary - no body works for just for this but more than that"
I think you underestimate how many people don't have enough to do those things. |
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"Can you:
Feed yourself
Clothe yourself
Heat yourself
Have money left over?
Then you earn enough, regardless of the salary size.
Nope that’s called basic salary - no body works for just for this but more than that
I think you underestimate how many people don't have enough to do those things. "
Doesn’t matter - one still have to strive for best not just basics…what you mentioned is just basic earnings..when you have more you can give some away in charity to help those in needs but still I support hard work and strive for the best.. |
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