Is 100k a large salary?

[aspiring]

Some strong debates over the weekend around this:

The £100,000 tax trap is destroying aspiration

Many wealthy parents are on a mission to earn less in order to cash in on free childcare

www.telegraph.co.uk

Jeremy Hunt: Chancellor says £100,000 not a huge salary in Surrey

Mr Hunt says an upper limit on earnings to access free childcare is an issue he "would really like to sort out".

www.google.com

Do people think it is not a good enough/big enough salary?

 

[aspiring]

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?

More the case that JH says its not a large salary? Although UK average is 35k

 

[aspiring]

I’m getting Deja vu. You seem obsessed with this topic.

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.

 

[aspiring]

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.

Agree it is relative but there must be some idea of what is actually a good/large salary as a general parameter

 

[aspiring]

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

www.rightmove.co.uk

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

www.rightmove.co.uk

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

www.rightmove.co.uk

Avg wage in surrey is 42k..