Salary £27K on 22 hours

is it a decent wage for a PT employee is a somewhat pointless question! PT salaries are pro-rated from the full time equivalent depending on the number of hours you work. You aren't being paid £27k because you work part time, you're being paid a proportion of a £45k salary. So really you need to benchmark the £45k against similar roles.

since the full time equivalent is above the median that of course it’s good

But the ‘£3k loss’ is because you are working fewer hours? So you’re not losing anything, you’re just being paid the rate for the hours you are choosing to work.

Well, is it enough for your household? Can you increase your hours at a later stage?

My very similar PT wage works for me and DH.

Maybe you could explain how you're defining decent

Yeh that question doesn't really make sense does it? The rate of pay is good – it's well above the national average, both mean and median. Whether it's enough or not is only something you and your partner can answer, based on outgoings and other income. IDK how it measures up against usual salary for your role but for someone working 22 hours, it’s a good salary, Ofc it’s significantly less than FT salary - but then you are working three days not five.

This makes no sense, if you think 45k is decent for full time, you automatically think 27k is decent for the equivalent part time hours.
Obviously 27k for 22 hours a week is a good salary.
It would benefit you more to ask how people adjusted, what their work life balance is like, was it worth it etc.

@bananasinabowl - your question doesn’t make sense to me.
How many hours is considered full-time in your field? Then work out whether your 22h salary is correct. Your take home maybe more than the pro-rata equivalent due to marginal tax rates.
Whether you can afford to live on your 22h salary is only something you (with your DP) can answer.

There’s no such thing as decent for part time. It’s the same as decent for full time.
If you think £45k is “decent” pay for your job on a full time basis then there’s your answer.

But you’re gaining more time and the trade off is money! Surely you don’t expect to be paid the same for working less.

Also after tax etc it’s likely to be less than £200 per month less. Up to you to decide whether it’s worth it in your personal circumstances.

@Shr3dding I can’t imagine any sort of auditing that doesn’t require an average knowledge of numbers. I have to check figures on the property transaction files I audit.

That would depend on industry also surely. Financial, pharmaceutical etc
if you think you are adequately compensated then that’s all that matters.

If you’re an auditor then you should be able to easily calculate that £27k for 22 hours is just slightly more than proportionate to the full time equivalent of £45k for 37 hours. So in that sense it’s completely fair.

£45k is above national average salary so in that sense it’s good. You could probably earn more as an auditor depending on your experience.

Are you a financial auditor? If you work with numbers I'd assume you have at least a working knowledge of personal finance and would know that there's not really such a thing as. "low" salary per se as it depends on your personal outgoings

What are you expecting from your question?

This is a very simple maths calculation. If you can’t do it, I’m surprised you are in a role that would pay 45k full time.

Depends on your outgoings and your lifestyle. If you're happy to have managed to get reduced hours that's OK. If you don't think you earn enough for your role look for something else. Why does it matter what anyone else's opinion is?

If you’re an audit RI in London it’s really low and need to leave! If you’re a supervisor or manager in the regions it’s probably ok depending where and your experience and firm size. There are various salary surveys you can download. Audit salary is pretty standardised so it’s easy to check.
Just be careful not to go too much over your hours!

I’m an auditor too OP. I suppose if that’s the norm for your particular role, it’s fine.

I’d rather have much less stress and to work my contracted hours than earn more. We can afford it as a family.

I mean I get 28k for 22 hours 9 months the year term time only

DBIL gets 28k for 40 hour weeks including night shifts

I'd say its good!

I really don’t understand what you are asking. Do you know what is the benchmark salary for your job in your industry?

Unless you provide this information we can’t advise if it’s ok. For example if you are a Finance Director for a FTSE 250 company and your FTE is £45k then no, it’s not a great salary for the level of responsibility. It depends on your position, level of responsibility and experience.

What’s the job?

My FTE is £45,000. I work 21 hours a week. My salary is on the low side for a solicitor of my experience but I’ve chosen to do a support role rather than fee earning which does pay less.