What is a good salary in UK at present?

Richie said:
@aspiring - where are you based and what do you earn?

I ask because, given your many posts in other threads relating to money and specifically about what is considered a good income, is 100k good etc etc, it seems you are continually asking the same question.

So, OP - location and income?
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Richie said:
So, come on,.you going to tell us your location and current salary? You've already been asked but haven't answered.

If you're willing to ask similar questions, at least answer questions posed to you.
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@aspiring - I'll ask for a 3rd time. What is your current salary and location?

You seem very interested in others' salaries and what they think would be a good salary but have yet to tell us yours, despite repeated requests.
 
It would depend on your outgoings and financial commitments. A single person leading a simple life outside London would do okay on £25k living in a small flat/bedsit in an average no frills neighbourhood.
 
bainbridge said:
Basically the question being asked is:

What is a lot of money?

Everyone will have a different answer.
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His very first post on this forum said…

“Offered a job for 95k wage + 7.2k car allowance. Therefore my total wage would be 102,200k.”

So if he took the job that, if he didn’t, less.
 
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Raumarik said:
Wifes hair cut costs more than the cost of shaving gel and razors for me for 5 years :D
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Haha yep. I started shaving my own once it hit £15. A barber once tried to give me a lecture on how it's slowly killing his business since lockdown (a lot of guys learned to shave their own hair and carried on ever since). I'll go back if they drop it to one figure.
 
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Clearly a trick question as it's impossible answer without taking into account any variables. The only correct answer to the question is £0 as it means you have no obligation to go to work for someone else, and have plenty of time to enjoy the billions you have in the bank.
 
HC1 said:
It would depend on your outgoings and financial commitments. A single person leading a simple life outside London would do okay on £25k living in a small flat/bedsit in an average no frills neighbourhood.
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You'd be renting forever!
 
Semple said:
Typically your lifestyle scales with earnings. So as you earn more you spend more.
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Managed to keep my outgoings fairly similar.
The big one is I don't really want an expensive house. So I don't expect my mortgage to have to grow. Holidays will improve though. As no point dieing rich!
 
azazl187 said:
I was on 28k 3 years ago and now I'm touching 50k pa. I'm just as skint now as I was then
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That's crazy. I had similar over 3 years due to rapid changing jobs and covid boost. But I feel much richer now. Those pay rises coincide with getting on ladder.
In 2020 I had 1k in the bank after completing on first house. At time salary of 30k I think? Can't remember exactly. Now I have managed to save 40k. Might be 45 actually depending on value of some liquid assets.
 
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jigger said:
I’m not sure. My Mrs and Daughter went away for a week.

Some highlights of my dinner menu.

Fish fingers chips and pea’s.
Triple egg and chips.
Corned beef crusty cobs with brown sauce.
Beans on toast.

I’ve never had it so good.
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Heh. My wife took the kids away for a few days last week, and my culinary highlight was a whole Fray Bentos steak and kidney pie and chips. My wife disapproves of such things...
 
nightwish said:
I've recently just about hit 100k, if you count future-dated equity arrangements (NASDAQ-listed employer). More like 70k if you only count base salary. It must be well above the national average, and certainly is where I live (East Midlands). But as the sole earner with a wife and 2 kids, I certainly don't feel rich! Comfortable and secure, yes. Rich, no. Unless you're on the bread-line, then your financial situation has a lot more to do with what you spend than what you earn.
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For me, no money would be worth it in the UK as even though London has a lot going on.....I just don't like the aggressive people and (lack of) culture.

For me a good salary is one where you can buy everything you want without thinking about it, saving a large amount a month and having at least one house paid off.

So for London as single person I'm presuming 150k as the tax is insane and property price high. Even then are you really getting ahead or just more comfortable than most?

Up north I'd just kill myself. Grey, miserable weather, surrounded by miserable unhealthy people. Wouldn't do it for a million a year.
 
As others have said, within reason, it's more about what you spend than what you earn. You can blow through £100k/year like it's nothing, and you can manage on £30k/year quite easily (outside of the London area especially).

It's very much dependant on personal circumstances though.
 
Orangeade said:
For me, no money would be worth it in the UK as even though London has a lot going on.....I just don't like the aggressive people and (lack of) culture.

For me a good salary is one where you can buy everything you want without thinking about it, saving a large amount a month and having at least one house paid off.

So for London as single person I'm presuming 150k as the tax is insane and property price high. Even then are you really getting ahead or just more comfortable than most?

Up north I'd just kill myself. Grey, miserable weather, surrounded by miserable unhealthy people. Wouldn't do it for a million a year.
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Oh dear someone believes stereotypes. Pathetic.
 
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