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

I find it hard to be sympathetic tbh. The only certainties in life are death and taxes. Welcome to the world of adulthood.

Cynicism aside, what do you actually expect to happen.

OP, what IS the point you're trying to make, exactly?

10% into pension is still their money! And will be of great benefit...so that's nothing to moan about, and it's disingenuous to add that into the outrage over deductions.

Getting less than 82 quid a week (less than £355 a month when averaged out) as an 24/7 unpaid carer is also crazy. I feel your pain.

Can you explain this? How are people being taxed more than 100%. Paying for ridiculous train fares is down to privatisation of the railways which hasn't made them more efficient but has made them much more expensive as we're paying for shareholder premiums - and I'm guessing you would have voted for more privatisation.

Quasi tax is not a thing. High costs of housing or childcare is not funding public services. So it is not a tax. If you wanted lower housing costs then you would be lobbying for high taxes on foreign-ownership of huge swathes of London property which is left empty. Or more money put into affordable housing. But I'm guessing you wouldn't be voting for that either.

Do you live on your own private island? Do you have your own private police force?

FFS. 🙄

There are valid arguments to be made about the effective marginal tax rate for someone who is a higher rate taxpayer and has student loan to pay off. But my sympathies are with the people who will be paying off many times what they borrowed over 30 or 40 years, not the exceptionally high earners who will pay it off super quickly before the compound interest really has a chance to fuck them over.

Correct.

It is the middle earners who are utterly screwed by the way the student 'loans' are rigged. Not the lower earners or the ultra high earners. Martin Lewis has done a calculation on this.

So higher tax payers should be exempt from repaying their student loan? But low earners on the standard 20% tax rate do need to repay their loans?

I'd like to see any government getting that through parliament. It does sound like one of Liz Truss's bright ideas though.

We don’t even have £7k a month joint income. I find it hard to feel sorry for someone on £15k a month.

I dropped out. I'm still in the higher rate of tax. A degree is neither essential for, nor a guarantee of a high income. It helps, that's all.

I overpaid massively to clear the debt.

OP, £15,000 per month is an annual salary of £180,000.

How many people earning that much money still have a student loan to pay off? By my calculations, on that salary you'd be paying off over £1000 per month in student loan, which means that even if you still had £60,000 outstanding (which seems incredibly unlikely given that no one's starting salary is £180,000) you'd pay the whole lot off in five years.

There are valid arguments to be made about the effective marginal tax rate for someone who is a higher rate taxpayer and has student loan to pay off. But my sympathies are with the people who will be paying off many times what they borrowed over 30 or 40 years, not the exceptionally high earners who will pay it off super quickly before the compound interest really has a chance to fuck them over.

Then why do people keep starting these goady threads?

'You're just jealous' has been the constant refrain on daily threads about VAT on private education, rich pensioners moaning about losing the WFA and threads complaining how much high earners are taking home after tax.

It's not jealousy but just exasperation about how tone deaf some of these threads are when some people are struggling to heat their homes and feed their children.

Are you on PAYE?

we tax higher earners on PAYE here quite high compared to other similar countries. It’s the middle earners who tax less on…

The higher earners may use private education, and have private medical insurance, but that doesn't mean that they are not relying on the general public being educated, fit and well.

A higher earner may have been educated privately, but it's very doubtful that everyone they need to earn has also been privately educated.

It's an absolute fallacy that people who don't directly use some services don't get indirect benefit from them.

Again with the welfare state, a higher earner may never need to use that safety net, but it is there in case they ever do. People's circumstances do change.

Society would be far worse if there wasn't a safety net to stop people starving and freezing to death.

If people are feeling peeved, then it's their misunderstanding and lack of knowledge that's causing it.

yes that’s why people try and keep themselves going into next tax bracket ! Earning more money isn’t always worth it 🤣

People generally think it's fine as long as they're earning less and therefore pay less. They display spiteful behaviour and that's why the comments like 'tiny violin' etc get said.

I knew someone whose earnings increased significantly and their attitude soon changed.

Same with things like buying council houses. My parents were very against it until they inherited money and the opportunity to purchase their council property came along. Then they sold it at a big profit.

Not really?

They are getting more than £7K/month anyway.

Assuming that their employer is matching the 10% pension - that is £3K into pension savings a month.

Then approx £1150 to pay off their student debt (that at that rate will be cleared fairly quickly).

So they are getting £11,150/month (assuming your £7K is correct and so I my assumptions) - it is just that £3K of that is going into long term savings and over £1K is going to paying off a debt. Not too bad really. Assuming salary £180k/yr gross and total renumeration £198K/yr.

Yeah the populations of Finland, Denmark and Sweden are famously unhappy.

Where’s the OP gone? Maybe the 7k doesn’t stretch to keeping up the with the electricity bill. Poor soul, used her last credits to charge up her frother gadget.

Nope. And some private hospitals literally call an ambulence and transfer you to NHS if things go wrong in surgery and you need icu.

No, I think someone earning that amount is paying back what they were lent in order to have the education that enabled them to earn that amount. Seems fair to me. If they are really feeling the squeeze -and who isn’t with only £7000 to play about with every month - they could cut the pension contributions back a bit for a couple of years.

I paid off my student loan in full before I had months of pay like that. It was public money and though yes, I could've sat on it and put my money elsewhere, it didn't sit right with me to not just pay it off when the government needed money for the country. I didn't moan about it. Taxes wise yes it grates to have so much taken off every month (and I'm not on that same take home) - but likewise I'm privileged. I want society to be better. I have extra so it's OK within reason to pay higher sums to make that happen where others work hard too but don't have the same level spare

I would happily swap and receive £7k p/m.