What is a good salary in UK at present?

dirtychinchilla said:
Except you now have an extra day a week on which to spend your reduced income :p
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Not if I'm already on 50 and used to it!
I'm right on the point of valuing time more than salary incresse.

Especially with any more being taxed at 40pc

Obviously if the job was just as easy at 60 vs 50 I'd take it!
 
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413x said:
Not really much point pushing for pay rises now im at that point. Especially with the responsibility going up. Would only do it if I could cut down days.
4 days @ 50k vs 5 days @ 60k?
I'll take the 4 days!

50 days off a year for 6k (after tax) sounds like a good deal
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I wish more companies in tech industry would be open to ideas like this :(
 
I may approach this at mine in time. I'm not aware of anyone who does it. But I'd rather 9.5*4 vs 7.5*5
I'm not dividing 37.5/4! I know someone will comment! :D
 
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XeNoN89 said:
My company allows flexible working, I know quite a few people who work 4 10 hour days instead of 5 8 hour days
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I have done this since 2016 and I would never want to go back to the general slog of Monday to Friday. I do work every second weekend (I also get paid more to do so) but the time off during the week means I can do things like the school run etc that I would miss out on.

I currently only work 3.5 days a week (half the year off) on a average 12 hours so still on a 42 hour week. Depending on how my rota works out I only need to use two days holiday to get a week off as well. If I need more money then I just request to work extra days which is pretty much granted. It also gives me plenty of time to explore new things and get new skills if I want to.

You also have reduced commute costs if you cannot work from home which is another bonus. My commute is also only 5-10 minutes each way so the 12 hour day isn't really that bad.
 
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XeNoN89 said:
My company allows flexible working, I know quite a few people who work 4 10 hour days instead of 5 8 hour days
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EvilRob said:
That'd be great. I think in a lot of US tech companies everyone does 10 hours a day anyway so they are less open to it.
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I worked for C&G (the mortgage company bought by Lloyds Bank) 15 years ago and they had flex time across all their head office based staff. I used to work 8:30am - 6:00pm with half an hour lunch break 4 days per week and had every Wednesday off. It was great, work 2 days have a day off, work another 2 days and wahoo it's the weekend :D It also meant only paying 3 days childcare because my partner also worked just 4 days. I don't understand why more non-customer facing roles do not offer flex time. It should be standard across any business where there are no set hours in which staff need to be physically present.
 
no_1_dave said:
I worked for C&G (the mortgage company bought by Lloyds Bank) 15 years ago and they had flex time across all their head office based staff. I used to work 8:30am - 6:00pm with half an hour lunch break 4 days per week and had every Wednesday off. It was great, work 2 days have a day off, work another 2 days and wahoo it's the weekend :D It also meant only paying 3 days childcare because my partner also worked just 4 days. I don't understand why more non-customer facing roles do not offer flex time. It should be standard across any business where there are no set hours in which staff need to be physically present.
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My place are flexible but could be better, would be lovely if they did the whole 4 days full time as 28 hours lol.

They do offer 10 in 9 and 10 in 8days though which I've been tempted to do forever
 
We've got flexi but it's a minimum 4 hours a day so we can't stack it and get a day off unfortunately.
 
I'd say £40k is a decent salary these days. Not great, not terrible.

I used to think that was a good chunk of change - but now I am around that salary, in real world terms after tax, doesn't leave as much as I thought.
 
Bengaboy said:
I'd say £40k is a decent salary these days. Not great, not terrible.

I used to think that was a good chunk of change - but now I am around that salary, in real world terms after tax, doesn't leave as much as I thought.
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40k is certainly a decent wage where I live but doubt it goes far in London
 
Remote tech work is a great choice, if you're trained (or looking to move). There's less of it, but it's often much higher pay than local and will often surpass the average London salary for other work (ignoring financial, etc).
It's not uncommon to be £100K+ if working for an American software company (not just FAANG - they're leagues higher) and even UK companies are starting to move in that direction.

The other aspect to think about is pension. Most high-paying private sector often has minimal contributions, so a chunk of that salary is needed for it (Salary Sacrifice is the ultimate win), whereas a lot of lesser-paying roles will have much higher employer contributions. This is where public sector often 'wins' - although terrible for current cost-of-living, it builds a much stronger future.
 
Richie said:
I'd be extremely happy on £51k gross TBH... More than happy.
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It's a good salary. However I'd really struggle - but that's because I'd have to readjust my lifestyle. I'd learn to do it... But this thread has made me reflect on how comfortable you become once you start earning more and you do so without realising it.

This thread is quite humbling actually and has made me reflect and think about what I'm earning and how I live my life.
 
15 years ago in Plymouth, 30k would have been excellent pay and my low bar was 30k by 30. (Again, bear in mind pay in plymouth was lower that even gloucester.

These days.. I don't know.. has that translated to 40 to 45k these days? I was thinking of management positions when I was gauging what was "good".

My salary in the US now is just laughably high compared to the UK. (I'm in IT). Of course though, now I pay for a house, two new cars, kid etc. So there are times I still feel broke lol.
 
Scougar said:
15 years ago in Plymouth, 30k would have been excellent pay and my low bar was 30k by 30. (Again, bear in mind pay in plymouth was lower that even gloucester.

These days.. I don't know.. has that translated to 40 to 45k these days? I was thinking of management positions when I was gauging what was "good".

My salary in the US now is just laughably high compared to the UK. (I'm in IT). Of course though, now I pay for a house, two new cars, kid etc. So there are times I still feel broke lol.
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I still remember going to a wedding in the states in 2005. 2 dollars to the pound was epic and felt rich. Hasn't really recovered since 08. Just paints a picture for the future of not only UK but Europe.
 
Koalaboy said:
The other aspect to think about is pension. Most high-paying private sector often has minimal contributions, so a chunk of that salary is needed for it (Salary Sacrifice is the ultimate win), whereas a lot of lesser-paying roles will have much higher employer contributions. This is where public sector often 'wins' - although terrible for current cost-of-living, it builds a much stronger future.
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Public sector is generally king for pensions but when it comes to the private sector, lesser paying roles often don't have great pensions in my experience. Ignoring when I was an inside IR35 contractor, the 3 biggest employer pension contributions have been my 3 highest paying employers.
Stating the obvious here but also need to factor in that the lower the salary the bigger the employer contribution percentage needs to be to maintain parity. e.g. a 10% percent contribution on a £50k job is going to be more than say 15% on a £30k job. Assuming its not some public sector final salary scheme or similar of course.
 
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