Average UK salary by age

A joint income of 100k is actually better than 1 income of 100k with no secondary income.

Plus in that article they don't have children, having children unfortunately does take a chunk out of your salary especially in the first few years before school, unless one of you becomes a stay at home parent.

Once in school it gets easier although school clubs, hobbies, and holidays do add up. Plus of course clothes and food. But a lot of clothes come from gifts often which is handy. Or hand-me-downs.

And guess what? Every situation is different! :eek: some people don't have a big mortgage, some have a modest lifestyle, and some don't live in an expensive part of the UK. Some may even have had some inheritance. You just can't make blank statements that £x amount is a lot Vs £y amount is not etc...
 
Last edited:
I think the OP needs to think about the whole compensation package rather than just a salary.

Personally if I was on 100k a year, I would rather be on less if the whole compensation package was better.
Things like pension contributions, healthcare, child care, holidays. company mobile/car/credit card and other benefits can put someone on 80k a year better off than someone on 100k.
Non tangibles like working environment, hours, development, etc makes a big difference.. no point in having a 100k job for a year then finding yourself out of work as you hated it and resigned to be out of work for a year, while someone on 60k for two years then getting promoted is better off.

Of course you could have the phat salary, great benefits and an awesome company to work for.
 
slinxy said:
I think the OP needs to think about the whole compensation package rather than just a salary.

Personally if I was on 100k a year, I would rather be on less if the whole compensation package was better.
Things like pension contributions, healthcare, child care, holidays. company mobile/car/credit card and other benefits can put someone on 80k a year better off than someone on 100k.
Non tangibles like working environment, hours, development, etc makes a big difference.. no point in having a 100k job for a year then finding yourself out of work as you hated it and resigned to be out of work for a year, while someone on 60k for two years then getting promoted is better off.

Of course you could have the phat salary, great benefits and an awesome company to work for.
Click to expand...
This post makes no sense. Remove the numbers and you are just saying a role with better benefits can pay more than a role with a higher salary.
 
Voltar said:
What’s with the obsession with £100,000 as a salary?
Click to expand...

Because it's a big number the vast majority will never get to, (basically 3x median)
It visually seems much higher than 99k.

Anyone complaining on that salary really shouldn't be.

But main thing is it's just that mental jump from 5 digits to 6
 
413x said:
Because it's a big number the vast majority will never get to, (basically 3x median)
It visually seems much higher than 99k.

Anyone complaining on that salary really shouldn't be.

But main thing is it's just that mental jump from 5 digits to 6
Click to expand...
Adjusted for your low cost of living area - you are probably enjoying a 100k lifestyle equivalent and whinge constantly about hard done by you are.
 
dlockers said:
Adjusted for your low cost of living area - you are probably enjoying a 100k lifestyle equivalent and whinge constantly about hard done by you are.
Click to expand...
I'm not whinging and financial situation. I know we have decent setup. Our holidays are expensive, our mortgage is low.

Sure I want to leave the UK and it's weather, and choice of brexit being what the country chose, lack of green space etc. And will moan about way UK is going. But at moment can't.
And I want a job that gives more time.

But not moaning about personal finances.

I've changed pension contributions and aim to hit what I think is a decent amount as I am behind there.
 
Last edited:
The issue with a large salary is the obscene amount of tax you pay in all directions. Pension contributions taper off, no childcare etc etc so what do you get in return for the tax you pay? Absolutely nothing. The country is absolutely broken; you can't get a doctors appointment, nothing works efficiently, the roads have enormous craters every 50m, there is rubbish and graffiti everywhere. I could go on...

I thought this was an interesting read: https://www.reddit.com/r/HENRYUK/co...=web3xcss&utm_term=1&utm_content=share_button

We have to make sure high earners are incentivized to stay and contribute to the UK economy.
 
Last edited:
Adam said:
The issue with a large salary is the obscene amount of tax you pay in all directions. Pension contributions taper off, no childcare etc etc so what do you get in return for the tax you pay? Absolutely nothing. The country is absolutely broken; you can't get a doctors appointment, nothing works efficiently, the roads have enormous craters every 50m, there is rubbish and graffiti everywhere. I could go on...

I thought this was an interesting read: https://www.reddit.com/r/HENRYUK/co...=web3xcss&utm_term=1&utm_content=share_button

We have to make sure high earners are incentivized to stay and contribute to the UK economy.
Click to expand...

The push for me to get out is this trajectory.
The decline of public services is shocking since I was a kid.
I grew up with a family doctor with absolutely no issue getting an appointment. Apparently my mum was down there all time with us.

Pension age always up.
Dentistry 2 year wait list here for NHS.
Doctors under so much strain they fob you off if they can.
10 hour waits in A&E but desperate people have no choice.

If this isn't reversed there's less and less appeal to this country and you'll need more and more cash in the bank/pension to survive.
The state pension will no doubt be 70+ soon.

This means people will need to save more and more into pensions. And we know that isn't happening.

So what will happen as the welfare bill just keeps going up, but we are at the point where we can't tax the public much more?
I don't know. I genuinely don't know how this future pans out.

Either tax people even more and many just give up trying and the support bill climbs more.
You wrack up more national debt, but that is a long term issue.
Or you end the NHS and other support etc and save loads and people just die?

It seems impossible to go after the big tech companies. Because surely labour would have.



How does the next 50 years pan out?

Throw in climate change as a variable for good measure just to make it more difficult.


All can do is look after yourself and your family. The macro Stuff is a bit concerning.
 
Last edited:
I seem to be very average, and reasonably comfortable. More is always nice, but its not a top priority of mine.

Give or take 10% more than average salary by age displayed on page 1.

Similar story with house, 10-15% more than uk average... but oddly (not that odd really knowing some bits of Scotland) about 50% more than Scottish average home.

Sadly I will never be a Gucci belt owner :(
 
You must log in or register to reply here.
Back
Top Bottom