To be fed up with all the threads about high earners feeling poor

The exact same can be said for the opposite.

Yes. Just as things are breaking down now with not enough tax payers.

Sure.

What’s the point you’re trying to make?

Im on a decent wage. Yep i work hard..but so do people on a lesser wage..i dont see my skills any better than anyones. We all have strengths.

I would say my wage is reasonably high.. however, i also don't like those posts from high earners moaning about mortgage payments and cost of living. We all have choices...they chose an house etc in expensive area. We choose to be in that position..so ...downsize , dont over extend. I have a modest cottage...if mortgage goes up i can cover it. Those contingencies need to be looked at before commitment.

Theres people who work as hard as me who should be on a better wage.

Nothing at all against high earners , but IF everyone was to aspire to these types of jobs and were able to do them successfully, who would do the lower paid jobs that are also really important to society ?
Things would very quickly break down if suddenly everyone had the big office and flash desk but nobody to clean it or empty the rubbish or take them to work on the train or bus

In Scotland the tax is much greater and your a higher rate tax payer at 42% from 43k (you pay 21% above 23k). A new band is coming in at 75k of 45% then it's 48% above 125k.

The amount of tax generated from higher rate tax payers is substantial and with the new rates there is concern people will move elsewhere. Although in Scotland the 30 hours aren't related to income or working so everyone gets it whether they work or are a high income household.

I don't understand vilanising higher tax payers they are critical to pay for many services.
To me it's reverse snobbery in a lot of cases.
My "DB" for instance doesn't think it's a real job unless it's manual/on your feet all day. He happily calls me a pen pusher (doesn't understand my job at all) and thinks I do nothing. I don't earn anywhere near 100k but I don't resent anyone that does.

Are you in the same camp as anyone more than you should pay more tax?

If people have bigger aspirations than you, what’s wrong with that.

The one on AMA was about a woman who earns more than 500 K , and IMHO she is an example to us all. More women should know women can make big money. And no, this is not a dig at low earners.

Yanbu only because there’s been so many of them recently. Especially on AMA

But "I work hard" is not a statement about whether anyone else does or does not - taking offense yourself and on behalf of anyone that works hard and earns less is your own perception imo.

No it would damage many professional careers (including mine) irretrievably. I worked in the city earning six figures, it’s not so easy as jacking it in to go on benefits then restarting where you left off. It’s not likely you would ever be able to get an equivalent job with a gap like that. Most women I know who took any significant time off with kids, have not been able to get back into their careers.

Most high earning careers are very competitive especially in the earlier years. You can’t just pick them up and put them down (unfortunately for many women). Gaps in careers are career suicide for those types of careers. Things are changing maybe a little now, but it’s still pretty much the same.

you don’t understand the world of high earning professional careers. That’s ok but don’t make nasty comments.

I wouldn't say UC is generous.

Of course it is entirely possible to end up losing a career if you take years out. Millions of women have watched their careers crash and burn for this very reason. Not just ‘slow down’ but literally disappear. Some of your comments demonstrate an alarming detachment from reality…

Similar to another PP, I work in IT/Tech. The field moves incredibly quickly. I have several former colleagues who took time out to have DC. They then found it virtually impossible to return to reasonably paid jobs in Tech after a gap of even a small number of years out because their skills were completely outdated. On the rare occasions they were invited to interviews they found they were out of their depth as employers expect you to be up to date with the latest Tech trends etc and have actual hands on experience (so even taking courses to upskill is not enough). Most now work in lower paid school run or admin jobs.

See above for women who also work in fields such as Finance or Law.

Its not generous in the slightest.

A single parent with one child gets £700 but is only allowed to earn £631 before they start deducting. Not all childcare costs are paid either.

Could you manage a mortgage and all your bills on just over £1300?

This. It’s callous and narcissistic to respond to someone’s worries about their finances with “what about meeee”. If you don’t have anything supportive to say, move on and hide the thread

Indeed. I see it too, and on a personal level am in the process of doing it too.

The problem with the ‘shut up, pay up, fuck you and fuck off if you don’t like it’ is that higher earners are doing exactly that, and have been for a while. There is a net loss of higher earners from the UK, which is in the top three of countries seeing wealth outflow.

https://www.henleyglobal.com/publications/henley-private-wealth-migration-report-2023/inflows-outflows

So there you go! Higher earners are taking the ‘fuck off’ advice, except of course that’s actually quite the problem.

This is what I was trying to say earlier amongst my peers who are high earners all we can talk about is where to move to that’s lower tax and better standard of living

apparently I can’t know because I don’t know all high earners

You are so hilariously out of touch it’s funny.

read about pregnant then screwed - a charity set up specifically because so many women get pregnant and their job screws them.

read just about anything and you’ll see that there is a motherhood penalty particularly in the corporate world

@Newsenmum not poor just not where they thought they would be on that money. Mainly due to housing costs and childcare and heavy taxation. It's tough to be at the top of your game career wise and only be able to cover your bils. That's what people are posting about. They are not saying they are living in poverty. Mumsnet should be a free space to say whatever is on your mind.

Is it generous? I get £400 a month UC as a single parent.

This is the root of most people complaining about CoL despite having technically very high salaries.

£100k after tax, pension, student loan is around £5k a month.

Then two children in childcare is £4k a month.

So suddenly the ‘big salary’ isn’t feeling very big anymore, and having the tax free childcare and free hours removed feels very unfair.

And in my experience in London, people might be spending another £3k+ on their mortgage at today’s rates for a still pretty modest property - so they’re spending £7-8k a month to cover childcare, mortgage, council tax. There is not much left from two decent salaries!

No but they’re entitled to UC which, if you have children, is generous. No point saying ‘I take home 1500 a month’ if UC gives you an extra £800 on top.

Well this is the million dollar question isn’t it?

I once saw a poster on here pouring scorn on higher earners, saying how well she coped on £1500 a month. Upon pressing she disclosed she had no mortgage, was retired with no dependents.

People disclose their salary but never their actual expenses which are the relevant part, and whether or not they receive some kind of help with them.

Yeah but you wouldn’t say oh I’m so poor. You might complain you have a lot less than you wouod have done years ago. I don’t know, I’ve also seen people who would’ve been ok years ago now be in poverty. It sticks with you.