High earners - how do you spend your salary?

For example my role is a senior role within mental health, and I'm on band 8a (salary range 47-53k). I don't think that's poorly paid. I think my nursing colleagues are poorly paid for what they do, however.

@Lincslady53

NHS pay scales are graded according to profession and years of experience. A domestic (cleaner) is typically band 1/2, on circa 18-19k, the average nurse will be band 5 or 6 which ranges from 25k-39k, and a clinical psychologist will start on band 7 after qualifying (40k) with opportunity to progress as far as band 8c (75k) at consultant level. Consultant medical doctors / psychiatrists / surgeons can be on as much as £108k at band 9.

Not all NHS roles are poorly paid. It depends on the profession.

I thought that people in the nhs were badly paid?

This is going off on a bit of a tangent….

Someone else posted saying they were of the opinion that people being impoverished was some sort of conspiracy.

I commented that I felt the lack of HE in schools now in particular and other support was unhelpful. And feel all schools should be educating kids on how to manage their interests/lives…

Yes of course those from wealthy backgrounds have a head start, however better support and education helps to make life better for those who don’t have the same privilege.

We have family in both secondary and grammar right now and there is a stark difference. As there was when we were at school decades ago.

However my point was that all kids in all schools should have HE education/pastoral support to equip them for life on a more level footing.

Could we get back to the topic of the thread?

wasn't a particular point just a reply to your original point.

Hadn’t realised, I don’t quite see the point though?

London is one city. Nurses have a higher pay scale there, as most professions do due to the higher living costs.

@Robinni your link excludes London which is what I was referring too? but I found it on this

www.nasuwt.org.uk/advice/pay-pensions/pay-scales/pay-scales-fringe-outer-london-and-inner-london.html

@TomatoorChips

They are working from here but getting the income. Sorry should have made that clear!

@Robinni but when was that? The closest grammars to me are extremely competitive and virtually every child is tutored to go there. Excellent state schools now have tiny catchments with astronomical house prices, when I grew up I went to good schools despite not living that close to them.

Of course school has a role & education can lift people out of circumstances. Nonetheless someone on 120k with zero parental help will still be behind someone earning less but who was helped onto the ladder in their 20s.

@workintums

www.nasuwt.org.uk/advice/pay-pensions/pay-scales/england-pay-scales.html

Silicon Valley on £120k is 1 step off poverty

Prep school x3
Live in a nice house
Investing in property
Investing in stocks and shares
Decent quality food
Charity

We don’t do big holidays because we worry about the environmental impact, we are trying to limit long haul to once every 5 years. We are going to wales for a week this year.

we are not flashy at all, we live very average lives other than the private schools and the big house. I think people might be surprised by how much we have in the bank.

After seeing my parents living through extreme financial difficulties when I was little I do not take our finances for granted and I’m grateful every single day that (for now) we don’t have to worry. Things can always change.

I noticed in my work that often the richer people got the stingier and weirder they got. We are very very careful not to conflate our self esteem with our wealth. We have been extremely lucky, that’s all.

I completely agree. But I also know a lot of working class people who went to secondary vs grammar and the ones who went to grammar got enormous amounts of pastoral support, extra guidance etc. On money, Uni applications, social support, filling in the blanks of what their parents couldn’t/wouldn’t provide.

One is now a doctor another is in Silicon Valley on 120k pa… parents still live in council houses.

School, and what is offered within the school environment, is extremely important.

The person who originally posted this knew fine well she was going to cause controversy, that’s why it was posted. Bragging about your wealth is vulgar. Have a little respect on folk that are struggling to feed their families. Also it bugs me folk on high incomes keep harping on about they made it by working hard! Wtf millions of folk on low and minimum wage jobs work hard for their wages. Nurses, teachers, bin men, care assistants. They prob work harder than any of you high earners ever know. I’m logging out of this thread.

Hahah your post is hilarious! I can't tell if it's satire or if you're actually being serious.

@Katypp Omg, because nurses are the ones who wipe your backside in hospital. They’re the ones who give you a bed bath after surgery. They’re the ones who use a catheter to help you pee so your bladder doesn’t explode. They hold your hand when you’re frightened. And they have a vast knowledge base and generally hold shit together when it goes tits up…. Much more so than those higher qualified who don’t have the time to spend, or frankly the people skills.

That is why nurses get a special focus they have a huge responsibility and are essential, but underpaid for what they do. Many stay grade 5-6 and don’t progress because the higher paying roles are few and far between.

@Oscarthedog

Is being a higher earner the only measure of hard work and success?

Bit of a contradiction to praise the op for paying tax so the lower earners dont have to (wtf?!) and then advice she finds out how to be 'tax efficient' (ie avoid asucj tax as possible. Something lower earners don't have the luxury of

What can the high earners say? What should they say?

Well I'm not "high earner" by these standards, I'm somewhere in the comfortable middle I guess. And my own response was to feel sad for another person's suffering and to express that. I mean, it's just empathy that comes naturally. I guess we aren't all that way, so if you need a script for what to say someone less fortunate than you, then I can't help I'm afraid,

@SofiaSoFar

I don't "expect" any response, my point was that you cannot compare the motives and intent of^^ someone coming on a thread like this to comment on not being able to afford bread, and the motives and intent of a high earner going on a poverty thread to say "I can't help, I have plenty of money". That was my point with that comment. The two are not comparable.

One is clearly expressing sadness and frustration at one's situation relative to others', the other is being a first class dick.

The bitterness to those who have gone out to work and earn good money is staggering on here. We should be celebrating the op who is obviously paying tax so the lower earners don't have to. Well done @Citygirly and all the other successful women on here. I am lucky I have 2 sisters both on decent money one earns more than me and one about 2/3 but all are well in the top 10% of earners. We can discuss this others might not be so lucky and I as the oldest and first to get there relied on a forum (not this one thankfully) to seek advice on high earning tax efficiency and spending.

For someone in finance, a starting salary could be 90k with fantastical salaries up to 500k+

Even in London there aren't hundreds of thousands of people on 500k plus.

for a teacher you’re talking starting salary circa 25k, max salary for a head would be 120k.

I thought it was 32k for a london teacher

@Katypp for a teacher you’re talking starting salary circa 25k, max salary for a head would be 120k.

For someone in finance, a starting salary could be 90k with fantastical salaries up to 500k+

Not saying that teachers or nurses are not well off. But that hard work does not have an equal outcome.

The amount earned is dictated by the profession pursued and the ability for an individual to access education/money to start a business etc. in the first place.

No :) but thank you.

Don't ever talk to even your close friends about money.

I do think it's harder these days, everyone can see what you paid for your house for one.