What is a good salary in UK at present?

adam cool dude said:
The town centre here is a massive dump (like most town centres these days) but it always surprised me how the Games Workshop shop was always busy. Now I understand why.

Everyday is a school day :).
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Its been a great share Games workshop.

Why?

Nerds... Tech jobs... £££.. Nothing else to spend on

Basically recession proof.
 
Sorry to go off on a tangent, but what's the point of income protection? I was under the impression that they don't payout if you've got a redundancy payout (which everyone should get after 2 years iirc). I assume they aren't normally much, but I've never bothered in 21 years of working so I assume I've saved more than I would have paid.
 
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theone8181 said:
Sorry to go off on a tangent, but what's the point of income protection? I was under the impression that they don't payout if you've got a redundancy payout (which everyone should get after 2 years iirc). I assume they aren't normally much, but I've never bothered in 21 years of working so I assume I've saved more than I would have paid.
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It's for extended sickness/disability rather than just losing your job I thought.
 
theone8181 said:
Sorry to go off on a tangent, but what's the point of income protection? I was under the impression that they don't payout if you've got a redundancy payout (which everyone should get after 2 years iirc). I assume they aren't normally much, but I've never bothered in 21 years of working so I assume I've saved more than I would have paid.
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I took a policy out a few months ago before i started a new job to cover redundancy/dismissal(as long as not gross misconduct). It gives me piece of mind incase i do lose my job.

It does also cover critical illness.
 
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My salary has almost doubled since I first moved into this house 5 years ago and except for my mortgage, everything has gone up to the point where I actually feel I have less money now then I did before.

I've had a kid since then with another one 2 months away so nursery fees have had a big impact on our outgoings but the overall cost of EVERYTHING has just chipped away at our disposable income.

Not sure how we're going to manage with one income (plus a little maternity pay) over the next 9 months.
 
I thought about income. Protection after buying house. But I didn't go for it.
I've built up enough savings now that I don't need it.
It usually doesn't last that long anyway right?

By that I mean it won't pay out for 10 years at xk a year?
 
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Casdawer said:
My salary has almost doubled since I first moved into this house 5 years ago and except for my mortgage, everything has gone up to the point where I actually feel I have less money now then I did before.

I've had a kid since then with another one 2 months away so nursery fees have had a big impact on our outgoings but the overall cost of EVERYTHING has just chipped away at our disposable income.

Not sure how we're going to manage with one income (plus a little maternity pay) over the next 9 months.
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I thought the same but you gotta keep reminding yourself that nursery fees are like £1200 lol. That's a big number.
 
413x said:
I thought about income. Protection after buying house. But I didn't go for it.
I've built up enough savings now that I don't need it.
It usually doesn't last that long anyway right?

By that I mean it won't pay out for 10 years at xk a year?
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I think mines pays out for 12 months, more than enough time to get a job if i get made redundant.
 
413x said:
Its been a great share Games workshop.

Why?

Nerds... Tech jobs... £££.. Nothing else to spend on

Basically recession proof.
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What's interesting is it never really boomed until 2017, around the time crypto starting booming.
I disagree that nerds have nothing else to spend money on though. When I was a kid playing GW there was no internet and hence no smart gadgets etc, there's loads of tech for tech nerds to spend on these days. Additionally no online gaming so playing multiplayer nerd games meant being physically present - something GW is designed for. Nowadays nerds can just sit at home gaming online. Of course, GW, have adapted well in recent years in terms of licensing their IP for gaming.
 
Casdawer said:
My salary has almost doubled since I first moved into this house 5 years ago and except for my mortgage, everything has gone up to the point where I actually feel I have less money now then I did before.

I've had a kid since then with another one 2 months away so nursery fees have had a big impact on our outgoings but the overall cost of EVERYTHING has just chipped away at our disposable income.
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Similar here, my salary is more than 4x what it was when we bought the house and my wife's income is perhaps 40%(?) higher, but we've had two kids since then. Even ignoring childcare just energy food clothing etc bills are probably at least triple what they used to be as a couple. I don't feel like I have less money as I don't bother with budgeting etc but equally I do feel like we'd benefit from a bigger property, I think most people with that sort of income jump would have moved up the ladder. Our house is worth perhaps 2x combined household income.
 
HangTime said:
What's interesting is it never really boomed until 2017, around the time crypto starting booming.
I disagree that nerds have nothing else to spend money on though. When I was a kid playing GW there was no internet and hence no smart gadgets etc, there's loads of tech for tech nerds to spend on these days. Additionally no online gaming so playing multiplayer nerd games meant being physically present - something GW is designed for. Nowadays nerds can just sit at home gaming online. Of course, GW, have adapted well in recent years in terms of licensing their IP for gaming.
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Reminds me when I was in a GW 20 years ago. Someone asked if the lad who worked their had read the latest updates on the website. The worker said "I prefer to stay in the real world".

As he pretended to be an orc battalion leader or something lol.
 
HangTime said:
What's interesting is it never really boomed until 2017, around the time crypto starting booming.
I disagree that nerds have nothing else to spend money on though. When I was a kid playing GW there was no internet and hence no smart gadgets etc, there's loads of tech for tech nerds to spend on these days. Additionally no online gaming so playing multiplayer nerd games meant being physically present - something GW is designed for. Nowadays nerds can just sit at home gaming online. Of course, GW, have adapted well in recent years in terms of licensing their IP for gaming.
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I know too many nerds who once they have the pc/xbox etc and the games don't really go outside. And thus GaW type stuff appeals. It's very bitty. So you can buy minis etc in small transactions.

Its well monetised for sure.


I'm more DnD than GaW stuff myself.


DnD is so popular now. My brand new group (which I'm mega excited about) has 3 female and 2 male players +DM.

This was very rare even a few years ago.

Of players I know for dnd it's about 50:50.

Warhammer though... Basically dudes when I see them playing on other tables.
 
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413x said:
I thought about income. Protection after buying house. But I didn't go for it.
I've built up enough savings now that I don't need it.
It usually doesn't last that long anyway right?

By that I mean it won't pay out for 10 years at xk a year?
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Same here. My view is income protection is just another outgoing - if you didn't pay it you'd have more savings to fall back on anyway. Of course, should you need it, it will pay out a lot more than the premiums but if you have a good savings pot and are not highly risk averse I think forgoing it is a viable strategy.
If I lose my job but am not incapacitated long term then I'm not worried, can live off savings for a couple of years tightening belts where needed. If it's a situation where I'm sick long term then that's more of an issue but at least my wife should be earning, there's benefits and frankly if I'm in such a bad way that I can't re-enter the workforce after a few years, my life is kinda ****ed anyway. My employer also has a scheme whereby they will pay two-thirds of salary if I'm sick beyond sick months. If I die, then death in service benefit will literally make my wife a millionaire, so I'm not bothered about private life insurance either.
 
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HangTime said:
Same here. My view is income protection is just another outgoing - if you didn't pay it you'd have more savings to fall back on anyway. Of course, should you need it, it will pay out a lot more than the premiums but if you have a good savings pot and are not highly risk averse I think forgoing it is a viable strategy.
If I lose my job but am not incapacitated long term then I'm not worried, can live off savings for a couple of years tightening belts where needed. If it's a situation where I'm sick long term then that's more of an issue but at least my wife should be earning, there's benefits and frankly if I'm in such a bad way that I can't re-enter the workforce, my life is kinda ****ed anyway. My employer also has a scheme whereby they will pay two-thirds of salary if I'm sick beyond sick months. If I die, then death in service benefit will literally make my wife a millionaire, so I'm not bothered about private life insurance either.
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That's how I think about it.

The only reason I'm going to be out of work long term is..

My career had been eaten by AI.
I'm so broken my life is miserable anyway.

At that point income protection is no real use
 
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