Some strong debates over the weekend around this:
Do people think it is not a good enough/big enough salary?
Do people think it is not a good enough/big enough salary?
Is 100k a large salary?
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Well on the basis that it’s 3x the UK average and £100k would put you in the top 4% of earners then yes it’s a large salary.
Sounds like your issue is the cost of childcare and housing?
Sounds like your issue is the cost of childcare and housing?
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More the case that JH says its not a large salary? Although UK average is 35k
It is a topic that has had prominence ocer the weekend. I find the bit in the article about not taking on promotions to avoid tax trap very interesting.
Surely "large" is relative. You tend to live to your means, your home, your way of life, everything that you do day-to-day, week-by-week will be driven by what you have earned up to that point. If your outgoings have increased by x% because of inflation or interest rate rises then it doesn't matter what your salary is, you'll still feel the pinch if you are close to living to your means.
Sure, those earning more, with a large home have more opportunity to downsize their lives to make more of their salary during times of increased financial pressure, but doing so isn't exactly simple, quick or cut and dry.
Sure, those earning more, with a large home have more opportunity to downsize their lives to make more of their salary during times of increased financial pressure, but doing so isn't exactly simple, quick or cut and dry.
Agree it is relative but there must be some idea of what is actually a good/large salary as a general parameter
Not even sure why there's any debate around this. It puts you in the top % of earners in the UK and globally, how can it be seem as anything but a large amount.
Any arguments to the contrary about living to your means and increasing outgoings with a higher wage only further prove its a large income.
Any arguments to the contrary about living to your means and increasing outgoings with a higher wage only further prove its a large income.
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Depends on the playing field. For the places where folk on 100k+ generally need to live, you are in a pool of ultra wealthy with institutional wealth or boomers who have lucked out.
If you are trying to gain parity with those groups, then no, it isn't much at all. Your perspectives change as you earn more, and you realise just how much you need to be as comfortable as you deserve.
If you are trying to gain parity with those groups, then no, it isn't much at all. Your perspectives change as you earn more, and you realise just how much you need to be as comfortable as you deserve.
Soldato
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It's a large salary for most but I can see it being seen as 'decent' if your living in south and your salary is the only income coming into the household and you have a wife and two kids to support.
Be fair, that's not what he said, he said it's not a large salary for Surrey. What you said sounds ludicrous, what he actually said isn't. But don't let the full context of what someone says get in the way of political point scoring.
Example - 2 pretty bog standard ex-council 3 bed semis in Durham vs Surrey:
Check out this 3 bedroom semi-detached house for sale on Rightmove
3 bedroom semi-detached house for sale in Newlands Road, Carrville, Durham, DH1 for £195,000. Marketed by Robinsons, Durham
Check out this 3 bedroom house for sale on Rightmove
3 bedroom house for sale in Cheyne Walk, Horley, Surrey, RH6 for £425,000. Marketed by Mayhew Estates, Horley
If we're talking about Godalming
Check out this 3 bedroom semi-detached house for sale on Rightmove
3 bedroom semi-detached house for sale in Miltons Crescent, Godalming, GU7 for £575,000. Marketed by Purplebricks, covering Guildford
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Soldato
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It's absolutely huge salary from any objective perspective.
Yes it may not feel huge if you've expanded your lifestyle to suit, but that's not the point.
Yes it may not feel huge if you've expanded your lifestyle to suit, but that's not the point.
Soldato
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The Telegraph. That well known left-wing paper
Of course they would say it's a tax trap.
100K is a good salary for most people. It certainly does not rate as "rich".
Most politicians and Telegraph readers aspire to much more than that, so to them it's a poor salary.
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