What salary are you happy with these days?

[Jasey_]

https://www.thesalarycalculator.co.uk/salary.php

Seems to allow much more configuring than the one suggested above.

[Ferrari60]

My allowances are added to base salary so essentially overall income is £102,000.

I was going to salary sacrifice 4% of my 95k salary into a pension.

That calculator is proving difficult due to this

[okgo]

How is it difficult?

Go to the site I said and put the numbers in and you’ll find out where you stand..?

[Ferrari60]

okgo said:

How is it difficult?

Go to the site I said and put the numbers in and you’ll find out where you stand..?

I did put it is not pulling through accounting for the salary sacrifice of 4%

Edited by Ferrari60 on Sunday 28th May 21:17

[Countdown]

sc0tt said:

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

I'm not so sure. For some reason he reminds me of a "Finance Director" who used to be a regular on PH

[GT03ROB]

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 think I must be vastly underpaid or exceptionally stupid.

How can anyone who is capable of commanding this sort of wage, struggling to work this out.

[gangzoom]

GT03ROB said:

I think I must be vastly underpaid or exceptionally stupid.

How can anyone who is capable of commanding this sort of wage, struggling to work this out.

I'm fairly well compensate financially for job (higher than the post above), I struggled to login in to my HMRC self assessment portal, and when I do eventually login, I cannot understand a word on it. So I tick 'No' to everything, so it takes me about 1 minute to do my self assessment but am 100% sure I do it wrong. Honestly none of it male any sense to me at all, and I've a distinction on my last assessment for a MBA equivalent MsC in leadership/management I'm half way through.........I wonder how badly ill do in the finance module .

[FWIW]

PrinceRupert said:

Also the top paying firms really take their pound of flesh. I billed 2250 hours last year, plus non billable time. There will be guys at some of these firms billinh 2500-3000. It can really be extreme.

What do you/they do for the other half of the year?

[okgo]

gangzoom said:

I'm fairly well compensate financially for job (higher than the post above), I struggled to login in to my HMRC self assessment portal, and when I do eventually login, I cannot understand a word on it. So I tick 'No' to everything, so it takes me about 1 minute to do my self assessment but am 100% sure I do it wrong. Honestly none of it male any sense to me at all, and I've a distinction on my last assessment for a MBA equivalent MsC in leadership/management I'm half way through.........I wonder how badly ill do in the finance module .

They’ve moved the threshold for this to £150k now so may save a lot of people the hassle.

It is all ‘money speak’ on the SA, now I’ve taken more of an interest in such things it makes sense but when I began doing it I too thought most of it was gobbledygook.

[Ferrari60]

Finally got the calculator to work, 5.5k

[djc206]

okgo said:

gangzoom said:

I'm fairly well compensate financially for job (higher than the post above), I struggled to login in to my HMRC self assessment portal, and when I do eventually login, I cannot understand a word on it. So I tick 'No' to everything, so it takes me about 1 minute to do my self assessment but am 100% sure I do it wrong. Honestly none of it male any sense to me at all, and I've a distinction on my last assessment for a MBA equivalent MsC in leadership/management I'm half way through.........I wonder how badly ill do in the finance module .

They’ve moved the threshold for this to £150k now so may save a lot of people the hassle.

It is all ‘money speak’ on the SA, now I’ve taken more of an interest in such things it makes sense but when I began doing it I too thought most of it was gobbledygook.

This should probably go in the faffing wife thread but I helped my wife do her SA this year. It was a mixture of hilarious and extremely stressful because if she didn’t understand the question she’d ask me to explain still not understand and then just get angry at why she had to go through the process at all and then direct that anger at me as if I wrote the fking tax code.

It’s about time they moved the threshold but if you give to charity or have any sort of professional subscriptions it’s worth doing an SA to get what you’re owed back. I give the buggers enough money, it might only be a few hundred quid they owe me but I’m bloody well having it.

[okgo]

Ferrari60 said:

Finally got the calculator to work, 5.5k

It worked yesterday

[snuffy]

I've just put in my salary, then entered my pension percentage contribution and ticked the "salary sacrifice" box. Amazingly, the result it gave me was exactly the same as the on my payslip from last month.

I can't admit to finding that hard in any way.

[Ferrari60]

Did you tick pension as employer scheme or salary sacrifice?

[snuffy]

Ferrari60 said:

Did you tick pension as employer scheme or salary sacrifice?

Under pension, then salary sacrifice (as opposed to the salary sacrifice section).

Like this:

[JuanCarlosFandango]

"A bit more than now" is usually the answer.

More than you spend seems like a better answer.

[Ferrari60]

JuanCarlosFandango said:

"A bit more than now" is usually the answer.

More than you spend seems like a better answer.

80k

[Jakey123]

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

What do you do for work?
Out of interest

[MrManual]

Jakey123 said:

What do you do for work?
Out of interest

I'm going to guess either something to do with IT or Finance

Looking on reddit, almost everyone that replied to the 6 figure salary thread worked in either I.T (DevOps, Cloud, Cyber Security or IT sales engineer) or in finance.

[Pit Pony]

Currently on £67k.

Just accepted a job offer at £55k

Just turned down an interview for a role that is £55k to £75k.

Once we sell our midweek house, the savings will more than make up for the reduction. I've gone for the job that I think I will enjoy most. 😉