What salary are you happy with these days?
Discussion
CX53 said:
768 said:
paralla said:
95JO said:
It works for me and my OH, I pay 61.65% of our total bills as I earn more, we adjust whenever one of us gets a pay rise.
Splitting shared expenses to two decimal places. Sounds romantic.
My wife earned over £50k last year and still is £6k short on her January tax bill.
It works out nicely leaving my OH plenty of spare cash and me too, and we don't have to run purchases past each other like you would with a joint account, you could easily end up overdrawn that way if you both decided to make a big purchase at the same time without talking about it (unless massive PH director bank balance of course).
Having to run purchases past my Mrs would annoy me pretty quickly but I'm open to having a full joint account when we are married with kids.
We don’t run any purchases past each other, we always have our own money and anything we do together we pay from the joint account.
We are married, not sure why it’d make a difference, no way I want a full joint account and nor would my wife!
She’d see how much I waste on petrol, cars, fishing and general stuff. I’d see what she spends on clothes, make up, hand bags, sewing stuff and all the other rubbish!
Imagine a joint account and you want a new watch / bike / car, does the other person then have to spend the same?! Naa
Lord.Vader said:
Exactly what we do, I earn a fair bit more than my wife, so we pay oroportionally to our income which means we both end up with a fair amount of flexible income each month.
We don’t run any purchases past each other, we always have our own money and anything we do together we pay from the joint account.
We are married, not sure why it’d make a difference, no way I want a full joint account and nor would my wife!
She’d see how much I waste on petrol, cars, fishing and general stuff. I’d see what she spends on clothes, make up, hand bags, sewing stuff and all the other rubbish!
Imagine a joint account and you want a new watch / bike / car, does the other person then have to spend the same?! Naa
"Fair" ... you have more disposable income than she does ... isn't the whole point of marriage that you are one unit! We don’t run any purchases past each other, we always have our own money and anything we do together we pay from the joint account.
We are married, not sure why it’d make a difference, no way I want a full joint account and nor would my wife!
She’d see how much I waste on petrol, cars, fishing and general stuff. I’d see what she spends on clothes, make up, hand bags, sewing stuff and all the other rubbish!
Imagine a joint account and you want a new watch / bike / car, does the other person then have to spend the same?! Naa
On your final point ... no of course not, you don't have to have everything equal!
PushedDover said:
anxious_ant said:
Curious question, why would you struggle? Salary sacrifice is tax efficient way of maximising pensions, or in layman terms more money in your pocket and not the tax mans.
Because your salary level means you do not qualify for Child benefit payments / taking from the state as it is intended.klan8456 said:
Not familiar with this child credit - is this the government subsidising you to have children? Why would they do that? Surely it’s a personal choice and if you have kids it’s your financial responsibility?
Counter argument, why should the government be subsidising those who aren't in the position to earn a higher salary, paid from the pockets of higher earners?After all, it's a personal choice to ensure that you are able to support yourself.
Edited by anxious_ant on Tuesday 20th October 19:48
anxious_ant said:
PushedDover said:
anxious_ant said:
Curious question, why would you struggle? Salary sacrifice is tax efficient way of maximising pensions, or in layman terms more money in your pocket and not the tax mans.
Because your salary level means you do not qualify for Child benefit payments / taking from the state as it is intended.I am powerfully built directorally as the next PH’er and feel that massaging the salary take to intentionally take welfare to be unsavoury, personally.
Also interesting is how in your defense you reference ‘cheating the system’. I didn’t.
Les jeux son fait
PushedDover said:
anxious_ant said:
PushedDover said:
anxious_ant said:
Curious question, why would you struggle? Salary sacrifice is tax efficient way of maximising pensions, or in layman terms more money in your pocket and not the tax mans.
Because your salary level means you do not qualify for Child benefit payments / taking from the state as it is intended.I am powerfully built directorally as the next PH’er and feel that massaging the salary take to intentionally take welfare to be unsavoury, personally.
Also interesting is how in your defense you reference ‘cheating the system’. I didn’t.
Les jeux son fait
If you were in the same position to ensure that your hard work pays back, wouldn't you?
You still pay tax, in fact more than most. Last I check this is not illegal. So why the fuss?
edit: at 50k the child benefits are minimum, certainly can't compare the to the feckless who chose not to work and yet reap the full benefits of benefits.
I personally increase my salary sacrifice on the sole purpose to maximise my pensions. Thisis so I can pay for myself when I am old and unable to work, hopefully not to rely too much on state benefits.
Edited by anxious_ant on Tuesday 20th October 20:00
anxious_ant said:
Ok, fair enough. Why do you think it's unfair?
If you were in the same position to ensure that your hard work pays back, wouldn't you?
You still pay tax, in fact more than most. Last I check this is not illegal. So why the fuss?
edit: at 50k the child benefits are minimum, certainly can't compare the to the feckless who chose not to work and yet reap the full benefits of benefits.
I personally increase my salary sacrifice on the sole purpose to maximise my pensions. Thisis so I can pay for myself when I am old and unable to work, hopefully not to rely too much on state benefits.
Again- don’t misquoteIf you were in the same position to ensure that your hard work pays back, wouldn't you?
You still pay tax, in fact more than most. Last I check this is not illegal. So why the fuss?
edit: at 50k the child benefits are minimum, certainly can't compare the to the feckless who chose not to work and yet reap the full benefits of benefits.
I personally increase my salary sacrifice on the sole purpose to maximise my pensions. Thisis so I can pay for myself when I am old and unable to work, hopefully not to rely too much on state benefits.
Edited by anxious_ant on Tuesday 20th October 20:00
I think it it unsavoury and against my own principles.
95JO said:
Rob_125 said:
In essence yes, but what we earn is our own to a certain extent (that will change if kids came along clearly!). Mrs lumps over £140/month to cover half of day to day bills (gas/water/elec/council tax), we split food shop 50/50 and I cover house maintenance and insurance. Trust each other to not piss it up the wall but to enjoy it as and when we please.
Why not get your salaries paid in to your own accounts and open a joint account purely for household bills which you both pay in to on pay day. Split the total amount of household bills by percentage of take home pay, it's the fairest possible way and reduces the chances of you getting on each others nerves for stupid purchases.
It works for me and my OH, I pay 61.65% of our total bills as I earn more, we adjust whenever one of us gets a pay rise.
WhiskyDisco said:
My mate is the the same boat - he doesn't believe in pensions so is happy to forego the child benefit and take home £6k. He thinks I'm the fool for only taking home half of that (the child benefit) and "losing" the £10k into a pension.
I used to do what you do but the gap between £50k and what I earn kept getting bigger to the point that although I'd have a much bigger pension I didn't feel I was benefitting in the here and now. anxious_ant said:
95JO said:
It works for me and my OH, I pay 61.65% of our total bills as I earn more, we adjust whenever one of us gets a pay rise.
Wow, must be an exciting marriage if you have to split bills down to 2 decimal places...We did this as soon as we bought our house, one conversation, re-visit the same website whenever one of us gets a pay rise, job jobbed.
I could’ve (should’ve) lied and said it’s 60/40 so it didn’t generate the amount of sarcastic comments, it’s really not that deep.
Rob_125 said:
95JO said:
Rob_125 said:
In essence yes, but what we earn is our own to a certain extent (that will change if kids came along clearly!). Mrs lumps over £140/month to cover half of day to day bills (gas/water/elec/council tax), we split food shop 50/50 and I cover house maintenance and insurance. Trust each other to not piss it up the wall but to enjoy it as and when we please.
Why not get your salaries paid in to your own accounts and open a joint account purely for household bills which you both pay in to on pay day. Split the total amount of household bills by percentage of take home pay, it's the fairest possible way and reduces the chances of you getting on each others nerves for stupid purchases.
It works for me and my OH, I pay 61.65% of our total bills as I earn more, we adjust whenever one of us gets a pay rise.
Less to think about, less to argue about and if you want to treat her then you still can.
Lord.Vader said:
Exactly what we do, I earn a fair bit more than my wife, so we pay oroportionally to our income which means we both end up with a fair amount of flexible income each month.
We don’t run any purchases past each other, we always have our own money and anything we do together we pay from the joint account.
We are married, not sure why it’d make a difference, no way I want a full joint account and nor would my wife!
She’d see how much I waste on petrol, cars, fishing and general stuff. I’d see what she spends on clothes, make up, hand bags, sewing stuff and all the other rubbish!
Imagine a joint account and you want a new watch / bike / car, does the other person then have to spend the same?! Naa
What do you do about savings? Are they joint or separate? How do you pay for something like a new bathroom? We don’t run any purchases past each other, we always have our own money and anything we do together we pay from the joint account.
We are married, not sure why it’d make a difference, no way I want a full joint account and nor would my wife!
She’d see how much I waste on petrol, cars, fishing and general stuff. I’d see what she spends on clothes, make up, hand bags, sewing stuff and all the other rubbish!
Imagine a joint account and you want a new watch / bike / car, does the other person then have to spend the same?! Naa
95JO said:
anxious_ant said:
95JO said:
It works for me and my OH, I pay 61.65% of our total bills as I earn more, we adjust whenever one of us gets a pay rise.
Wow, must be an exciting marriage if you have to split bills down to 2 decimal places...We did this as soon as we bought our house, one conversation, re-visit the same website whenever one of us gets a pay rise, job jobbed.
I could’ve (should’ve) lied and said it’s 60/40 so it didn’t generate the amount of sarcastic comments, it’s really not that deep.
Job jobbed and no % issues.
This is of course after you have paid bride money and bought a property in cash with no mortgage, as having to take a mortgage is a sign that you are impoverished and previous generations have not planned adequately for their son.
Western attitudes expressed towards finances in this thread are laughable. The pursuit of money is far more important than “life”
PrinceRupert said:
"Fair" ... you have more disposable income than she does ... isn't the whole point of marriage that you are one unit!
On your final point ... no of course not, you don't have to have everything equal!
Maybe that’s your view of the point of marriage, but some women (and some men) don’t want to feel that things are tied together so tightly in every possible respect.On your final point ... no of course not, you don't have to have everything equal!
You seem to think that what works for you should work for everyone, but why would that be the case.
Do you have matching cardigans?
klan8456 said:
There is a much easier answer to this. Find a Chinese / Japanese / Korean wife. All salary is paid directly into her account, she pays for expenses and gives you a small amount - say £50 - of play money each month.
Job jobbed and no % issues.
This is of course after you have paid bride money and bought a property in cash with no mortgage, as having to take a mortgage is a sign that you are impoverished and previous generations have not planned adequately for their son.
Western attitudes expressed towards finances in this thread are laughable. The pursuit of money is far more important than “life”
You really do seem to be a long way up your own arse.Job jobbed and no % issues.
This is of course after you have paid bride money and bought a property in cash with no mortgage, as having to take a mortgage is a sign that you are impoverished and previous generations have not planned adequately for their son.
Western attitudes expressed towards finances in this thread are laughable. The pursuit of money is far more important than “life”
anonymous said:
[redacted]
Another wrong assumption. Stop projecting to justify. I’m saying ‘It find it morally wrong to adjust ones salary to take from the state. (And identified as the sole reason from the chap in this instance)
Now, your assumption on me:
You do realise you can be a Director without doing the ‘divi’ vs Salary arrangement, don’t you?
Of note though, is that sort of shenanigans by others not far from this sub-topic if you recall?
So what you are saying is a Director hiving away in a sole Director Ltd Co, squirrelling away via dividends is wrong ?
And then someone on Paye but adjusting to get state aid is ok?
If it is the same dude culpable of both - How does that work ?
Gassing Station | Jobs & Employment Matters | Top of Page | What's New | My Stuff