What jump do I need for next job?

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aspiring

aspiring

aspiring

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If earning 90k at present and getting 5k net a month, what pay lift would I need to make 6k net (1k more than current package).

I work out it to be salary of 110k to gain extra 1k net a month?

Does this seem correct or have I overestimated.

Any help would be appreciated.
 
A little more if you want to keep up your pension contribution %.
ETA although maybe you aren't contributing if you are netting £5k a month on £90k :(
 
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Why do you want £6k net a month?
It's a lot more efficient to overpay pension or whatever to keep your taxable income capped at £100k unless you really need the money in the short term.
 
HangTime said:
Why do you want £6k net a month?
It's a lot more efficient to overpay pension or whatever to keep your taxable income capped at £100k unless you really need the money in the short term.
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Reason for 1k uplift is that I do not want to take a new job wit extra stress if I am only makng £400 extra a month
 
aspiring said:
If earning 90k at present and getting 5k net a month, what pay lift would I need to make 6k net (1k more than current package).

I work out it to be salary of 110k to gain extra 1k net a month?

Does this seem correct or have I overestimated.

Any help would be appreciated.
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That should put you over 6k net a month.
 
aspiring said:
Reason for 1k uplift is that I do not want to take a new job wit extra stress if I am only makng £400 extra a month
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I'm asking why do you care about the takehome, not why you want extra money for the new job. You'll make more per month in terms of total package if you reduce the takehome.

I mean, the way your opening post is phrased it basically says "I want a new job paying whatever gives me £1k extra net" so I'm asking why you need that extra £1k net, I'm not disputing that you want more money for extra stress, just querying whether that extra money all needs to go in your current account or if it could be channelled (plus a big wedge of tax avoided) into a pension.

It's perfectly valid for people to want more takehome pay of course, they might want the elevated number for a mortgage, more cash towards a house deposit, other investments etc etc. I'm just validating if this is the case or whether this quest for more takehome is just an idea in the head. Generally speaking the idea behind earning slightly over £100k gross is to buff your pension (or other deductibles) rather than your lifestyle, but it's not for everyone.
 
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