What is a good salary in UK at present?

aspiring

aspiring

aspiring

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28 May 2023
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Location
Hampshire
So many strikes happening or happened. Economy all over the shop.

Take out variables such as sector, experience etc.

If you had to quote a good salary in current UK what is it and why?
 
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Dis86 said:
Contradicts your OP. Nice.
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It doesn't as I wanted to know why for figures quoted. Keen to hear rationale.

dave28 said:
depends what area, 30K plus in my area is considered good, in London that is considered rubbish
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Take out variables also inclues location

cheesyboy said:
In my part of the country, if you want a mortgage, couple of kids, couple of modest cars, a part-time working partner, a foreign summer holiday, and some cash for activities/leisure, then maybe £45k-£50k is about where you need to start.
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Cotswolds is where your based correct? Lovely lovely place. I visited 2 weeks ago and it seemed an expensive place.
 
Nasher said:
Average wages in the UK are very screwed by London TBH. Most people aren't on anything like the numbers being thrown around here. Buying a place in London you litterly need to be a Shiek, because that is who you are competing with.

North of London you can mortgage a 2+ bedroom house, with garden and driveway for about 1/2 of the rent you pay in London for a single room.
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Which numbers specifically?
 
darkblade said:
I know you are generalising with the figures, but once you start to earn over £50,270, you become increasingly impacted by the cost of living. You will unlikely be able to afford a holiday at all with a £4k/month mortgage on £100k a year after tax. (ignoring the fact that lenders won't allow you to take a mortgage with those amounts)

Pay rises are a joke compared to inflation. If you get a 5% pay rise and earn over £50,270, boom, you only get a 3% increase in take home pay after tax. So you now have a 3% increase to offset against price inflation 3 times that amount.

Raising interests rates isn't working either. Inflation has increased far higher on the items that we have very limited choice in the amount of spending - energy, fuel, food, etc. The logic seems to be, spend less on food and the price will drop along with inflation (most have already switched to cheaper brands etc). The reality is, people are spending less on clothes, holidays, cars etc - but it's not making any difference, people still have to buy food.

Inflation has been caused by the pandemic, Brexit and the Ukraine war. People's spending habits are not going to fix it.
The country is being forced to make sacrifices to ensure the top 1% can continue to live their extravagant lifestyles.
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So your saying no point earning over 50k?
 
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