What is a good salary in UK at present?

gingergundog said:
I was 43 when I asked my GP for referral, she was quite surprised , asking me if I was sure etc.
Other half is 43 now so any accidents are getting more unlikely, but obviously still a risk there. She is not keen on most of the contraceptives so will have to book it in again...not looking forward to it though.
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Yeah get that. I guess they have to ask if you're sure. As my gf is 31 I expect if get more pushback. Probably just lie. "I've got 8 kids across 5 mums.. Save me"
 
ivrytwr3 said:
Oh very true, but it's the reality. People are surviving on much less than that with families. Also noted that their location is London, which is also skewing the national figures.
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Below a certain amount the handouts are vast.
 
ivrytwr3 said:
An AVERAGE couple, combined income of £100k? This is the difference between the classes - they have no idea about the real world and what people are actually living on. It's like when a reporter asked a wealthy person/celebrities how much a pint of milk cost - the ignorance was shocking.
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Wow, I thought this post is about "what is a good salary" in the UK and not what everyone should be on...... I have staff earning £25k a year, pharmacist earning 45k and the struggle is real. One of my team who has a combine household income of 50k and have to take 2 buses over 1.5 hours each way just to get to work to avoid paying tube fair which will cost more and struggle to heat home or buy food. That is not a good salary.
 
China Man said:
Wow, I thought this post is about "what is a good salary" in the UK and not what everyone should be on...... I have staff earning £25k a year, pharmacist earning 45k and the struggle is real. One of my team who has a combine household income of 50k and have to take 2 buses over 1.5 hours each way just to get to work to avoid paying tube fair which will cost more and struggle to heat home or buy food. That is not a good salary.
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Exactly, £100k is a very good/excellent salary, certainly not average.
 
413x said:
Yeah get that. I guess they have to ask if you're sure. As my gf is 31 I expect if get more pushback. Probably just lie. "I've got 8 kids across 5 mums.. Save me"
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I had it done a few years ago, in my early 30's. Wife is the same age and we have 2 kids. They didn't push for not having it done and I'm happy. Top tip, don't look down while having it done, seeing the tubes from inside your balls on the outside did make me feel a bit sick lol. Also they look like they've been used as a punch bag for a few weeks after.
 
theone8181 said:
I had it done a few years ago, in my early 30's. Wife is the same age and we have 2 kids. They didn't push for not having it done and I'm happy. Top tip, don't look down while having it done, seeing the tubes from inside your balls on the outside did make me feel a bit sick lol. Also they look like they've been used as a punch bag for a few weeks after.
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Noted! I usually look at stuff like that. But that does sound a bit ming. They might push back a little. As I haven't had kids. But I expect it's becoming more and more common.
 
413x said:
Noted! I usually look at stuff like that. But that does sound a bit ming. They might push back a little. As I haven't had kids. But I expect it's becoming more and more common.
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It's not about "pushback". It's about ensuring patients who are referred understand alternative non-invasive options, talk about the procedure, anaesthetic, basic discussion about risks and side effects, efficacy and what the NHS will/won't do (eg reversal of a vasectomy wouldn't be covered). The vast majority of the population have a fairly reasonable gasp of most of these things if they've done some reading but you'd honest be surprised how ignorant so many are. I mean, if I had a 19 year girl whose never had children come and ask me for a referral for sterilisation I probably would pushback or challenge but thankfully this doesn't happen often.
 
ivrytwr3 said:
Exactly, £100k is a very good/excellent salary, certainly not average.
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It's a good salary but once you start paying higher rate tax, your mindset changes about what to do with that money. I.e. to be tax efficient, it would be 50k pension contribution and 20k ISA. So 30k gross doesn't exactly give you a higher standard of living compared to people with lower salaries and savings.
 
Chojin said:
It's a good salary but once you start paying higher rate tax, your mindset changes about what to do with that money. I.e. to be tax efficient, it would be 50k pension contribution and 20k ISA. So 30k gross doesn't exactly give you a higher standard of living compared to people with lower salaries and savings.
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I agree with the point but no one earning 100k is making a 50k pension contribution and putting 20k into an ISA.
 
Chojin said:
So 30k gross doesn't exactly give you a higher standard of living compared to people with lower salaries and savings.
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Indeed but one should not just look at today spent, the money available after 55 will be vastly different between high earner and low. A good salary will set you up for nice standard of living not only at present but throughout retirement. Not the state pension age but 55 onwards.
 
EvilRob said:
I agree with the point but no one earning 100k is making a 50k pension contribution and putting 20k into an ISA.
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Probably not the majority because of lifestyle creep but there are plenty in the "FIRE" community doing it. It's doable if you live in a low cost of living area, don't want expensive car or holidays etc.
 
China Man said:
Indeed but one should not just look at today spent, the money available after 55 will be vastly different between high earner and low. A good salary will set you up for nice standard of living not only at present but throughout retirement. Not the state pension age but 55 onwards.
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That's the key difference yes, I view higher salary as an opportunity to retire early. At least the responsible thing to do and guards against wage deflation in future. Once AI fully kicks off, it may become difficult to earn a decent salary when a machine can do it for less.
 
I'm personally not keen on the hardcore FIRE thing. Just because you never know what's around the corner.
For me rather have the holidays now.

But as to 100k being a lot.. Because it give you that ability to save in isas and pensions it is a lot. Might not be living using that 100k. But it's still yours. Someone on low pay can't really save effectively for the future unless they really stifle thier younger years.
 
413x said:
I'm personally not keen on the hardcore FIRE thing. Just because you never know what's around the corner.
For me rather have the holidays now.

But as to 100k being a lot.. Because it give you that ability to save in isas and pensions it is a lot. Might not be living using that 100k. But it's still yours. Someone on low pay can't really save effectively for the future unless they really stifle thier younger years.
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Agreed. I'm shoving tonnes in my pension but holding back enough to enjoy life with the kids and build memories. I don't think I'll be able to retire early but I actually enjoy work.
 
Chojin said:
That's the key difference yes, I view higher salary as an opportunity to retire early. At least the responsible thing to do and guards against wage deflation in future. Once AI fully kicks off, it may become difficult to earn a decent salary when a machine can do it for less.
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Not just decent salary job, low pay jobs are already gone too. We have self check out tills which took away 80% of counter staff, card payment means less cash handling so cash and accounting person cut, automated price changes with digital display so manual labor cut....the list just keeps going on. So many university degree that will not land a job forget about good salary
 
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