Minimal differences towards 100k

[Ferrari60]

It seems that once you hit around 80k and then all the way to 100k net salaries are not very different in terms of take home.

What are peoples thoughts on this. Does it become more about enjoyment in a role as opposed to pay towards those salary ranges. Is there sense of frustration that despite higher salary, actual take home not significantly different.

[768]

Yes. But wait until you see what happens just above £100k.

[sociopath]

Just under £1000 pcm difference on take home.
If you can't tell the difference please send it to me

[Edible Roadkill]

I’d say this much truer to >100k if paye.

I done see the taxation of earning over 100k worth it for the sacrifices made in doing (time / stress) so I always endeavour to earn around 100k. I don’t wish to lose the tax free element of my tax code so stick any overs into pension towards the end of tax year.

I don’t think there’s any implications 80-100k that I know about.

[Ferrari60]

Edible Roadkill said:

I’d say this much truer to >100k if paye.

I done see the taxation of earning over 100k worth it for the sacrifices made in doing (time / stress) so I always endeavour to earn around 100k. I don’t wish to lose the tax free element of my tax code so stick any overs into pension towards the end of tax year.

I don’t think there’s any implications 80-100k that I know about.

If your on 80k gross vs 90k gross, take home net pay is not much different though after you do pension deductions

[Ferrari60]

sociopath said:

Just under £1000 pcm difference on take home.
If you can't tell the difference please send it to me

Take a salary of 85k vs a salary of 100k and the net is not much different. Remember pension deductions.

[Edible Roadkill]

Ferrari60 said:

If your on 80k gross vs 90k gross, take home net pay is not much different though after you do pension deductions

Ah I’m on a DB scheme so I don’t think that impacts me.

[Ferrari60]

What is a DB scheme

[greygoose]

Ferrari60 said:

What is a DB scheme

There's a thing called google nowadays which can answer questions.

[zarlak]

Is Ferrari60 a bot then? Very weird/similar threads for the last few days.

[bigandclever]

He's tedious, whatever he is.

[mike9009]

Ferrari60 said:

It seems that once you hit around 80k and then all the way to 100k net salaries are not very different in terms of take home.

What are peoples thoughts on this. Does it become more about enjoyment in a role as opposed to pay towards those salary ranges. Is there sense of frustration that despite higher salary, actual take home not significantly different.

Which job do you have? The 80k one or the 100k one??

[sociopath]

Ferrari60 said:

sociopath said:

Just under £1000 pcm difference on take home.
If you can't tell the difference please send it to me

Take a salary of 85k vs a salary of 100k and the net is not much different. Remember pension deductions.

Don't make any, your choice.
And it's not really a deduction, it's a tax free lay away

[Ferrari60]

Even if you do not do pension, NI, Tax and student loan to consider leading to net pay not being that much different

[Funk]

OP - why are you starting so many topics all around what is essentially the same thing?

https://www.pistonheads.com/gassing/topic.asp?h=0&...

https://www.pistonheads.com/gassing/topic.asp?h=0&...

Could you contain it all to one topic?

[Dingu]

Ferrari60 said:

Even if you do not do pension, NI, Tax and student loan to consider leading to net pay not being that much different

Utter nonsense.

[snuffy]

sociopath said:

Just under £1000 pcm difference on take home.
If you can't tell the difference please send it to me

Yep. NI does not really change since you are already into the 2% rate, so it's 40% Income tax on 20k, i.e. 8k, which leaves 12k a year, which is, as you say, £1000 a month,

i.e. 20k gross, 12k net. No real difference at all then.

[alock]

It could be you see very little extra money each month.

Hypothetically....

On £80k. £30k into pension to avoid 40% tax rate.

On £100k. £40k into pension. Now you have £10k taxed at 40%, and depending on family, you might be repaying all the child benefit.

[anonymous-user]

zarlak said:

Is Ferrari60 a bot then? Very weird/similar threads for the last few days.

Like a st version of Chat GPT.

[Ferrari60]

snuffy said:

sociopath said:

Just under £1000 pcm difference on take home.
If you can't tell the difference please send it to me

Yep. NI does not really change since you are already into the 2% rate, so it's 40% Income tax on 20k, i.e. 8k, which leaves 12k a year, which is, as you say, £1000 a month,

i.e. 20k gross, 12k net. No real difference at all then.

True but that is without thinking of pension deductions, student loan etc