How much do you earn?
Discussion
£18000 a year as a motor claims handler. At my age of 27 I’m beginning to think about buying my own place however with this salary I won’t be able to do that. It works out as £1303 pm. I should add that I have no outgoings other than a £140 keep so £1163 after paying that.
I’m hoping next year I’ll get a better well paid job. Not how I saw my career when I graduated with a business degree 5 years ago.
I’m hoping next year I’ll get a better well paid job. Not how I saw my career when I graduated with a business degree 5 years ago.
Phenry said:
£18000 a year as a motor claims handler. At my age of 27 I’m beginning to think about buying my own place however with this salary I won’t be able to do that. It works out as £1303 pm. I should add that I have no outgoings other than a £140 keep so £1163 after paying that.
I’m hoping next year I’ll get a better well paid job. Not how I saw my career when I graduated with a business degree 5 years ago.
I was the same mate, qualified with a business degree and was earning 15k 12 months later. Eventually I joined an engineering apprenticeship and now 24 months later, I'm 6 months away from qualifying and earning 32/33k a year. I am also looking at getting my own place at the start of 2020.I’m hoping next year I’ll get a better well paid job. Not how I saw my career when I graduated with a business degree 5 years ago.
It's never too late, keep searching and trying.
Greg_D said:
when you are a business owner, how much do you earn???
it's a movable feast, is it what you draw down or the EBITDA of the business divided by your shareholding.
When you have access to more than you need, you generally seek to minimise your drawings to be tax efficient, this skews the numbers significantly.
I draw a small percentage of what i could take.
I take out what my monthly after tax is - and then use one of those salary calculators to work out how much I'd need to earn as a permie to have that take home amount.it's a movable feast, is it what you draw down or the EBITDA of the business divided by your shareholding.
When you have access to more than you need, you generally seek to minimise your drawings to be tax efficient, this skews the numbers significantly.
I draw a small percentage of what i could take.
that then = my salary
Always an interesting subject especially on a U.K. based anonymous forum.
U.K. people tend to be reluctant to discuss (their own) salaries, although the subject comes up on here regularly.
I started an (anonymous) poll about it years ago, because I’m nosey. We had posters saying they wouldn’t answer and saying even their partners don’t know how much they earn.
People like contractors were winking and making comments about tax. Basically saying they officially earn x but really earn much more.
I wouldn’t dream of putting my or my wife’s salary on a forum. It’s odd though because I have colleagues from mainland Europe who quite happily ask how much I make, and I’d tell them.
I suppose if we read that everyone earns much more than us it makes us feel s bit bad or maybe makes us want to earn more? If everyone earns less we feel ok?
Actually though, posters are all at completely different phases of their lives and have completely different outgoings etc.
U.K. people tend to be reluctant to discuss (their own) salaries, although the subject comes up on here regularly.
I started an (anonymous) poll about it years ago, because I’m nosey. We had posters saying they wouldn’t answer and saying even their partners don’t know how much they earn.
People like contractors were winking and making comments about tax. Basically saying they officially earn x but really earn much more.
I wouldn’t dream of putting my or my wife’s salary on a forum. It’s odd though because I have colleagues from mainland Europe who quite happily ask how much I make, and I’d tell them.
I suppose if we read that everyone earns much more than us it makes us feel s bit bad or maybe makes us want to earn more? If everyone earns less we feel ok?
Actually though, posters are all at completely different phases of their lives and have completely different outgoings etc.
your the last sentence is a very good point.
At 21 out of Uni I was on 17500 Per year
I'm 43 now with over 20 years experience - it's more than 17500 obviously but my 21 self would st the bed if me, as a 43 year old was comparing salary to him back then and yet i'm the same person.
I'm amazed people actual write real numbers into this forum against their name.
An anonymous poll I'd click on a range , but would never write it down on here
At 21 out of Uni I was on 17500 Per year
I'm 43 now with over 20 years experience - it's more than 17500 obviously but my 21 self would st the bed if me, as a 43 year old was comparing salary to him back then and yet i'm the same person.
I'm amazed people actual write real numbers into this forum against their name.
An anonymous poll I'd click on a range , but would never write it down on here
The Selfish Gene said:
I'm amazed people actual write real numbers into this forum against their name.
Agreed, i am the same - but there is the hardcore group of PH wallet wavers who do love a thread like this so they are always interesting read.By the way I know someone who earns around £100,000 a day, drives a 25 year old Subaru Forester and buys all his cloths from second hand shops.
Phenry said:
£18000 a year as a motor claims handler. At my age of 27 I’m beginning to think about buying my own place however with this salary I won’t be able to do that. It works out as £1303 pm. I should add that I have no outgoings other than a £140 keep so £1163 after paying that.
I’m hoping next year I’ll get a better well paid job. Not how I saw my career when I graduated with a business degree 5 years ago.
Wow that is scary. I got my first house a good few years back when I was on £16,500 per year. My mortgage was £396 per month and I didn't live a lavish lifestyle. It's mind blowing how hard it is to get on the property ladder these days.I’m hoping next year I’ll get a better well paid job. Not how I saw my career when I graduated with a business degree 5 years ago.
toon10 said:
Phenry said:
£18000 a year as a motor claims handler. At my age of 27 I’m beginning to think about buying my own place however with this salary I won’t be able to do that. It works out as £1303 pm. I should add that I have no outgoings other than a £140 keep so £1163 after paying that.
I’m hoping next year I’ll get a better well paid job. Not how I saw my career when I graduated with a business degree 5 years ago.
Wow that is scary. I got my first house a good few years back when I was on £16,500 per year. My mortgage was £396 per month and I didn't live a lavish lifestyle. It's mind blowing how hard it is to get on the property ladder these days.I’m hoping next year I’ll get a better well paid job. Not how I saw my career when I graduated with a business degree 5 years ago.
Greg_D said:
i read it as he gets net £1300/mth, minus rent to parents of £140 leaves him £1163 walkabout money
Yeah, my bad. Looks like leaving the nest means house sharing on that salary though. I lived on my own at 21 and although it was a struggle, I managed to do it. I remember only having 2 radiators in the house turned on to try and save a few pennies back then! I doubt many 21 year olds can leave uni and walk straight into home ownership these days without some sort of financial help from parents.
Contractor mate of mine was distraught the other week as he was expected to take a rate cut. £200k down to £137k!
Told him that I had little sympathy. Live by the sword etc and I'd see him down the soup kitchen. Most people in our organisation wont even earn the £63k diference..
Me. I'm paid more than I'm worth but happy with that. The old saying in our office is 'still getting paid'
Told him that I had little sympathy. Live by the sword etc and I'd see him down the soup kitchen. Most people in our organisation wont even earn the £63k diference..
Me. I'm paid more than I'm worth but happy with that. The old saying in our office is 'still getting paid'
Dad bought his first house in Springfield (near Gretna not Shelbyville) in 1970. A large semi, the oldest in the village, he was a development engineer at the time and the house was £2500 about twice his annual salary.
How things have changed although we do have low interest rates, I think they got to 19% in late 70's
How things have changed although we do have low interest rates, I think they got to 19% in late 70's
Life isnt about how much you get paid, its more about how much disposable income and time you have.
Having been in both positions - although not to the levels of some people on here - getting paid less and having a less stressful life is preferable to having the world on your shoulders and a £2k rent bill every month.
Having been in both positions - although not to the levels of some people on here - getting paid less and having a less stressful life is preferable to having the world on your shoulders and a £2k rent bill every month.
It’s odd stuff money, I always seem to have just enough never mind what I earn.
I really don’t do debt, have had a mortgage twice and really hated it, went into work overdrive both times to get rid.
I remember bumping into an old work colleague who I knew from Stanlow refinery, he was earning about £130k when I worked there so probably more than that when I bumped into him, he was really down. Turns out he is heavily in debt, worried about money etc.
I had some sympathy until it transpired he had just maxed his last credit card to book a luxury holiday as ‘you have to have a holiday’
Credit kills.
I really don’t do debt, have had a mortgage twice and really hated it, went into work overdrive both times to get rid.
I remember bumping into an old work colleague who I knew from Stanlow refinery, he was earning about £130k when I worked there so probably more than that when I bumped into him, he was really down. Turns out he is heavily in debt, worried about money etc.
I had some sympathy until it transpired he had just maxed his last credit card to book a luxury holiday as ‘you have to have a holiday’
Credit kills.
Gassing Station | The Lounge | Top of Page | What's New | My Stuff