What salary are you happy with these days?

[AB]

anonymous said:

[redacted]

They'll get whatever is left when I die, for sure - I certainly don't decide not to spend on myself so they get it when I do. That said, I'm 34 so plenty of time to worry about that (I hope). At the moment I'm happy earning enough that my wife doesn't have to work and can spend her time on our kids and not worrying about work.

[Pit Pony]

MrManual said:

I do not blame her for wanting to move from a high street pharmacy, it's such a waste of a Masters Degree, you feel like you're on a factory line just churning prescriptions. I would hazard a guess she's a band 6 on around £32k a year.

Tell her to get her diploma done if she hasn't started it already, a lot of hospitals require recently qualified pharmacists to do a diploma to progress.

She started her diploma about 8 weeks ago I think. Same time as she asked her (now ex) boyfriend to leave.

[Pit Pony]

NickCQ said:

MrJuice said:

What's a good proportion of income to give to charity?

10% of net is probably an absolute minimum.

0.0001% is an absolute max.
Joking.
I don't give, but i do buy. This week I bought a Darkness CD from Oxfam for 30p
Last week I bought a Ken Hung wok for £1.50 from the salvation army.
Wife gave 180 Mondays to the citizen advice and 60 Fridays to the local hospice.

[anxious_ant]

A formula I have for ideal salary is 40k gross and +20k for every dependant.
This should, at least with current economic climate, guarantee comfortable living with money in the bank for pension.

[bobbysmithy]

anxious_ant said:

A formula I have for ideal salary is 40k gross and +20k for every dependant.
This should, at least with current economic climate, guarantee comfortable living with money in the bank for pension.

Great formula. Wouldn't go far in Central London.

[Pit Pony]

bobbysmithy said:

anxious_ant said:

A formula I have for ideal salary is 40k gross and +20k for every dependant.
This should, at least with current economic climate, guarantee comfortable living with money in the bank for pension.

Great formula. Wouldn't go far in Central London.

Unless you have inherited a family home.

[bobbysmithy]

Pit Pony said:

Unless you have inherited a family home.

True. Plus a few mill trust fund.

[NickCQ]

bobbysmithy said:

anxious_ant said:

A formula I have for ideal salary is 40k gross and +20k for every dependent.
This should, at least with current economic climate, guarantee comfortable living with money in the bank for pension.

Great formula. Wouldn't go far in Central London.

We are talking monthly, right? Should be able to get by with a bit of belt-tightening here and there

[Bullet-Proof_Biscuit]

anxious_ant said:

A formula I have for ideal salary is 40k gross and +20k for every dependant.
This should, at least with current economic climate, guarantee comfortable living with money in the bank for pension.

A 911 being a dependant surely

[anxious_ant]

bobbysmithy said:

anxious_ant said:

A formula I have for ideal salary is 40k gross and +20k for every dependant.
This should, at least with current economic climate, guarantee comfortable living with money in the bank for pension.

Great formula. Wouldn't go far in Central London.

I'm talking more about the national average, London weighting is heavily skewed, but I suspect for not much longer...

[Ferrari60]

Currently have an offer of £95k + £7.2k of allowances.

My current salary is £77k + 10k car allowance

I am trying to work out net monthly difference between current wage and offer. Can anyone help?

I want to see if the extra ££ will be worth the stress

[Crudeoink]

Ferrari60 said:

Currently have an offer of £95k + £7.2k of allowances.

My current salary is £77k + 10k car allowance

I am trying to work out net monthly difference between current wage and offer. Can anyone help?

I want to see if the extra ££ will be worth the stress

I usually use the tax calculator on Money Saving expert. Put in my old salary and new salary and work out the difference. Useful as it takes Student loan and pension contributions into account, not sure if it will work for you car allowance mind

[okgo]

Listen to taxman website is good.

[Ferrari60]

Crudeoink said:

Ferrari60 said:

Currently have an offer of £95k + £7.2k of allowances.

My current salary is £77k + 10k car allowance

I am trying to work out net monthly difference between current wage and offer. Can anyone help?

I want to see if the extra ££ will be worth the stress

I usually use the tax calculator on Money Saving expert. Put in my old salary and new salary and work out the difference. Useful as it takes Student loan and pension contributions into account, not sure if it will work for you car allowance mind

Thank you for your reply. I did try that but I am not sure it worked it out correctly. Came out too £700 difference? Is that correct? Would appreciate anyone who can double check/confirm

[Ferrari60]

okgo said:

Listen to taxman website is good.

Thanks does it compare 2 salaries?

[Countdown]

Ferrari60 said:

okgo said:

Listen to taxman website is good.

Thanks does it compare 2 salaries?

You do the calculation twice. Once for your current salary once for your new salary.

[Countdown]

Ferrari60 said:

Thank you for your reply. I did try that but I am not sure it worked it out correctly. Came out too £700 difference? Is that correct? Would appreciate anyone who can double check/confirm

That looks correct.

[CharlesdeGaulle]

Countdown said:

Ferrari60 said:

Thank you for your reply. I did try that but I am not sure it worked it out correctly. Came out too £700 difference? Is that correct? Would appreciate anyone who can double check/confirm

That looks correct.

Seems about right in ballpark terms, doesn't it? 15-ish grand difference between the packages so a little less than a grand per month.

[okgo]

Ferrari60 said:

Thanks does it compare 2 salaries?

Just open a second tab?

[sc0tt]

Countdown said:

Ferrari60 said:

okgo said:

Listen to taxman website is good.

Thanks does it compare 2 salaries?

You do the calculation twice. Once for your current salary once for your new salary.

I’m assuming not an accounting role