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AIBU?

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Original poster

To think getting less than 50% of your pay is crazy?

342 replies

rampe · 08/10/2024 15:51

If someone earns £15,000 a month. They have a student loan. They pay in 10% into their pension.
They take home less than £7,000 a month.

OP posts:
Winter2020 · 08/10/2024 16:58

Bs0u416d · 08/10/2024 16:37

OP ignore the hate. YANBA. I feel the same. Its depressing and i don't even use any public services.

So you won't call an ambulance if you are hit by a bus tomorrow?

Sesma · 08/10/2024 16:57

CeeJay81 · 08/10/2024 16:56

My question is why does someone earn 15k a month in the first place? The inequality in this world is shocking. 7k a month is still a lot of money.

I don't think the OP does.

CautiousLurker · 08/10/2024 16:57

LOL if you are earning 15k per month (180k pa) you’ve had a huge return on your investment. Being able to pay 18k into a pension annually is a huge privilege.

Anotherparkingthread · 08/10/2024 16:57

While this is probably a wind up post, it's worth mentioning that this isn't necessarily true. If it is, then you don't need advice from Mumsnet you need an accountant. I'm not suggesting any creative accounting or fiddling any numbers but there are so many good accountants who can save you money various ways. You need proper financial advice.

CeeJay81 · 08/10/2024 16:56

My question is why does someone earn 15k a month in the first place? The inequality in this world is shocking. 7k a month is still a lot of money.

vivamexico · 08/10/2024 16:55

You get just under £9000 take home if you don't have a student loan or pay into a pension so the £7000 is rather misleading...

Sesma · 08/10/2024 16:55

Fluffyhoglets · 08/10/2024 16:54

It's the Tax and NI the OP is whinging about really!

Yes, exactly

Reugny · 08/10/2024 16:54

SweetGenie · 08/10/2024 16:52

This is one of those wind up posts again.

Ignore it

These posts are funny as they reveal how financially illiterate the poster is considering they are in the top 1% of earners in the country.

Icanttakethisanymore · 08/10/2024 16:54

randomchap · 08/10/2024 16:51

Is "broad sweep of a statement" a euphonism for talking out of your arse?

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Must be 😂

Bs0u416d · 08/10/2024 16:54

randomchap · 08/10/2024 16:51

Is "broad sweep of a statement" a euphonism for talking out of your arse?

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I supposebwhatbi mean more specifically is that i don't usebthe health service or education. I do if course benefit from all the other architecture of state, yes. But i do not feel like i get any value for money the amount I pay. I realise that isn't the point of tax, but it's how I feel.

ImNunTheWiser · 08/10/2024 16:54

IT'S A PLOPPER EVERYONE - STAND DOWN!

Fluffyhoglets · 08/10/2024 16:54

It's the Tax and NI the OP is whinging about really!

oldwhyno · 08/10/2024 16:53

Our tax system creates some horrible marginal rates, but this is perhaps the worst possible example!

UseOfWeapons · 08/10/2024 16:53

On the information you've given...what's your point?

Icanttakethisanymore · 08/10/2024 16:53

Bs0u416d · 08/10/2024 16:47

No. I pay road tax separately. Road maintenance isn't paid for through general taxation.

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It is actually - I don’t think we have any hypothecated taxes now (happy to be corrected!). I think we’ve had a few social care levies and NI increases which the government has tried to link to the nhs to make them more popular but roads are maintained out of general taxation (which tax on vehicles contributes to).

SweetGenie · 08/10/2024 16:52

This is one of those wind up posts again.

Ignore it

Thisismetooaswell · 08/10/2024 16:51

This reply has been deleted

This has been deleted by MNHQ for breaking our Talk Guidelines.

But the comparison is you earning £2333 and taking home £1,166

randomchap · 08/10/2024 16:51

Bs0u416d · 08/10/2024 16:48

Yes you're right of course. I was making a broad sweep of a statement.

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Is "broad sweep of a statement" a euphonism for talking out of your arse?

outdooryone · 08/10/2024 16:51

"Take home" to me includes the debt you borrowed from the taxpayer AND your personal pension savings.
Post up your earnings before this and they are more than 50%.
And I have no problems with a progressive tax regime which means the wealthiest pay a larger proportion of their wealth in tax.

In fact I would go as far as limiting pension pots and contributions more - again, higher tax payers get more from pensions due to the tax bands.
I would also bet stricter on inherited wealth, through cash, property, investments and businesses.

So yes, I am OK with the figures OP suggests.

Eddielizzard · 08/10/2024 16:50

The problem with this is it stops people working harder, encourages them to work less because you don't see the benefits of your hard work. If you tax less, you're incentivised to work more as you see the benefits, arguably paying more tax than you would have at the higher rate (obvs depending on the scenario).

Politics of envy all over this thread like a rash.

Bs0u416d · 08/10/2024 16:48

Icanttakethisanymore · 08/10/2024 16:46

Of course you do - you rely on the rule of law and the institutions which run government and countless other things which rely on public spending. You might opt out of the services where a private version is available but we ALL rely on publicly provided services.

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Yes you're right of course. I was making a broad sweep of a statement.

Reugny · 08/10/2024 16:48

Bs0u416d · 08/10/2024 16:47

No. I pay road tax separately. Road maintenance isn't paid for through general taxation.

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It actually is.

TwinklyAmberOrca · 08/10/2024 16:48

In thr real world an average person getting £1500 a month...

And the pension is like paying into savings! If you want more money opt out of pension!!

Daysleeperagain · 08/10/2024 16:48

Your example may be excessive. But it is a real problem esp in Scotland for much lower salaries with higher tax rate coming in while still paying full N I rates, don't see how it makes the state get anymore as everyone I know, including myself, pays more into their pension

Reugny · 08/10/2024 16:47

Maximise the amount you put in your pension as it is nowhere near the yearly cap.