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

I actually agree that taxing people such a big percent of their money, they earned is not good. The whole point of a percentage is the more you earn the more you pay, regardless of tax bands.

But a pension isn't a tax its an investment into your own future.

And a student loan is a loan that presumably if you are earning that much, you do actually pay the loan off in a shortish time. Like 4 /5 years?

The student loans are worse for mid rate earners where they pay 9% of their salary for their whole career.

Boo hoo.

OK, if you want a more serious answer

The only reason that anyone can earn money is that there is a society around them that enables this. road/rail network, healthcare, police, education etc is all paid out of taxes.

There is absolutely no way someone earning 15k per month isn't relying on those services supplied by the government whether directly or indirectly.

If you believe you can earn this money without any of this society around you, please tell me what you do, I'd be really interested to know.

Tax is essentially the money you pay to live in a civilised society that allows you to earn.

Probably in the same way that higher earners don’t pay for their own care, they have their homes “seized by the Government!”. Or their income is “raided” when they pay tax.

Why is it crazy? Leaving aside the student loan, you can choose to make a lower pension contribution if you want. But I also think higher earners should pay more tax.

Bad idea posting this during a cost of living crisis when some people are working for 15k per year never mind per month.

Yes it's completely fair to have to pay back a loan at the agreed amount you sign up for. And 7k per month leftover is a very high amount.

The pension is still theirs! Paying off the loan won't take long either. It's fine

No the higher bands are reflective of a higher salary and fair (it’s argued) for all people earning that.

paying back a student loan is totally different

How could anyone get to earn that much money without understanding how the tax system works?

I've never paid a higher income tax bracket. Not have many others

The personal allowance loss means high tax at that banding, agree

but the op is complaining about pension (which is a form of savings) and repaying a loan! That’s ridiculous

yes discuss the tax for high earners but complaining about what’s left AFTER YOUVE SAVED SOME is never a sensible place to start

YANBU. I understand it's necessary for the greater good, but it stings. Especially forking over that much when the country is in the state it's in now!

Though points above are very valid though. Pension are savings for your future, and no one held a gun to your head to go to Uni and get a degree.

This reminds me of a woman I knew who moaned her and her DP were skint because he put £1k pcm into wedding savings. £1k pcm into deposit to buy a house savings and £1k pcm into general savings. Plus whatever into his pension. They rented in a posh part of London and she was a student. Meanwhile I was a single parent student living on TCs. She couldn't understand why I didn't think they were skint.

Graduates already pay for it in the form of higher tax brackets over the course of their lives.

They’re effectively getting double charged.

I agree too!

It's figures like the OP has posted which "encourages" people to reduce their working hours, go part time, take early retirement etc. Just the opposite to the behaviour the country needs in view of the skills/staff shortages, especially at higher levels, i.e. GPs etc.

5he UK has no where near the highest tax rate in Europe. It can be as high as 67% in Finland for example.

I don't see how student finance comes into it. You choose to go to Uni, you pay for it. Ditto pension, it's money Extremely well spent and you won't be in penury in your old age. Do I agree with the 40 percent tax band? Yeah absolutely.

Yes, that would be such a good thing for the coffers of the country. Honestly, are people really this dim?

Presumably this person could get a minimum wage job instead.

OP, you do realise that paying into a pension is just a form of saving money, yes? You're saving the money for your own future, not giving it away!

Christ! I don’t earn that in a year!

I agree on the personal allowance, but is it really an issue that they have to pay back their student loan and choose to put a lot of money into their pension? There’s nothing unfair there.

Feel free to earn less to pay less tax...

If they want more take-home, they can simply stop paying into their pension. But of course they won't do that because being able to put that much money into your pension is a very good thing 🤷‍♀️ Student loan is a temporary thing and at £15,000 a month, I doubt it will be long before it's paid off.

Is it the tax rate that you're really complaining about without saying as much? Because that's actually discussion worthy.

I agree OP, these are typically the people who generate jobs for others too, look at the thanks they get.

Losing your personal allowance is an additional delight.