“100k isn’t a big salary”

[cadburyegg]

I’ve just logged onto instagram and YET AGAIN a post comes up headed “100k isn’t a big salary, here’s why”. I’m so sick of seeing it. Most of us earn nowhere near 100k. I don’t spend my time moaning on instagram about how hard done by I am and there aren’t news articles about it. I don’t even feel like I AM hard done by. I feel lucky to be earning less than half that and to have a reasonable flexible job. I’m not going to the press saying poor me poor me because I don’t feel sorry for myself. Yet there seems to be shitloads of “awareness” posts about how shit it is for high earners and how it’s so sad they don’t have free childcare. I know people can have high expenses and I know it’s all relative and I’m probably overreacting but I seriously do not care anymore. It doesn’t mean the salary isn’t high. I’m so sick of seeing these out of touch posts. 🤯

This is why I left Instagram @cadburyegg

I was trying to future plan with pension, and I had been googling whats the right amount to have in your pension pot.

Then all I got on my instagram were "terror-posts" that had completely unachievable goals, told me how much I should have in my pension when I was 25 (I was 40) and it was all fear based- like you are going to starve if you don't have XXX in your account.

I spent a weekend sorting all my finances and felt rally good that I had a plan. I looked at Insta and the first post was this Insta-finance influencer saying unless I was on track to have 1 mil by the time you are 50 you "are failing at life". I burst into tears and cancelled my insta, and haven't looked back.

Yeah but 2 people on 50k are putting in double the number of hours (e.g. 74 vs. 37) so not really equivalent. 2 people on 50k should be compared to 2 people on 100k, not one.

You’re talking nonsense. I not part of any “clique”. Half of the people that interviewed me for my current role live in a different continent. In my previous role, all but one of the interviewers lived in a different continent.

Nowadays many big companies operate blind recruitment, so where you went to school and university are not considered as part of the selection process.

If you are getting interviews but not getting the role that suggests to me that there is an issue with your interview technique. Also, you are describing yourself as ugly. This sounds like you have a self esteem problem. That will also impact you at interviews. You need to get some support with that.

Unemployment benefit hasn't existed for at least 25 years. It is all rolled up into Universal credit. A household income of £100k will disallow everybody in that house ( except possibly non working adult children) from claiming UC.

New Style Jobseeker’s Allowance exists.

So it’s everyone’s fault but yours?

Does that include your PIP payment? If not that monthly wage will be a significantly improved amount. Do you have a mortgage? Do you have childcare costs.? Every one’s circumstances are different

Much if the content on insta is pure fantasy. So much so that I deleted my account a couple of years ago.
I think many more people would be happier with their lives by disconnecting social media and living real life the best way they can.

What feedback have you been given following your interviews - if it's internal have you discussed what skills you need to acquire to make promotion more likely - have you tried to develop relationships across depts or do you assume all those people who get on with everyone are just cliquey?
We promote people to £100k plus roles based on their skills, which also includes their ability to get on with people, to solve problems, and to take personal responsibility. If I had someone in front of me who couldn't see beyond tired old excuses for their lack of progression, I wouldn't promote them either. If it's a company culture problem, move companies - stop making it everyone else's fault.

Not for the spouses of those earning £100K it doesn't.

Just googled it is only payable for 6 months :
https://workingfamilies.org.uk/articles/jobseekers-allowance/#:~:text=You%20can%20only%20receive%20new,for%20your%20partner%20or%20children.&text=New%2Dstyle%20Jobseeker's%20Allowance%20is%20paid%20at%20the%20following%20weekly,to%20%C2%A392.05%20per%20week

🤦🏼‍♀️

This is why people shouldn't take advice from mumsnet about these things.

Did you even bother to look it up before you said that?

From the Gov Website

"Eligibility
To be eligible for New Style Jobseeker’s Allowance (JSA) you’ll need to have both: worked as an employee
paid Class 1 National Insurance contributions, usually in the last 2 to 3 years (National Insurance credits can also count)."

"You can apply for New Style JSA – even if your partner works or you and your partner have savings over £16,000."

"New Style JSA is not affected by you and your partner’s savings"

"Your partner’s work does not affect your entitlement."

It isn't means tested. It's paid for only 26 weeks though.

Honestly do research before advising people.

You should have googled before telling me I was wrong.

I've been on it. I lost my job and had £50k in savings and still got it. For 26 weeks though but it was better than £0.

Hi @ByGreenHiker. I am currently unemployed but on a training course for a new career, meanwhile also looking for bits of part time work to tide me over (not having much luck with that!). I hope to qualify in the new career and start earning in about 6 months. Could I claim this? I'm sure I do have sufficient NI contributions having worked PAYE for most of my career.

Hi OP - it really isn’t and I’ll take a short time to explain why…. Let compare £150k vs £30k. It is 5 x more in salary but they will pay 10 x more income tax. At £101k you progressively loose personal allowance (eventually going down to £0 as you increase to £125k) meaning your actual tax rate is 60% on income between £100k - £125k. You also don’t qualify for many things like free nursery care (extra 15 hours), prescriptions, nhs dental etc. The top 10% of earners already pay 60% of ALL income tax. About 10 years ago many people of this country started to feel they had the right to take more and more from these earners and the result is that they have left the uk in record number - 16,500 in the last 12 months. Good riddance you may say? Think about all that income tax, VAT, capital gains, stamp duty and day to day spending going too.

There is something revolting about people on big salary’s complaining that they don’t get a tax break that was brought in to help poorer people struggling with a specific cost

7600 or 2000 a month - o know which I would go for

isn’t tax free childcare worth up to 2k a year? child benefjt 1200 - year? the free nhs dentist that most can’t get we will call zero. Oh sone will get Something off nursery fees but not the whole lot
in one month you probably take home enough to cover all the things you have “lost” as a result of earning so much

I’m shocked that you’ve brought up how someone on 150k doesn’t qualify for free prescriptions or dental treatment.

I can’t remember what my exact salary is but it’s in the region of 35k/40k and I pay for my prescriptions and dental treatment. Yes, and school meals in case anyone brings that up. It never occurred to me that I shouldn’t have to pay for them! As far as I’m concerned these concessions are only available to those who are really hard up, which I’m not quite frankly, and discussions around these don’t have any place on a thread discussing those with salaries of 100k.

Honestly it’s really grim. I’m glad the people I know who are high earners don’t complain about this.

Where on did you get the £7600 figure from as people who earn 100 grand will NOT be bringing home this amount. You see there’s this pesky thing called taxes to pay for. They also wouldn’t be getting child benefit either or didn’t you know that?

It’s quite clear she wasn’t complaining at all merely illustrating. You are doing a fair amount of twisting of words

There are several people who have brought up what they are supposedly missing out on as a result of their high salaries.

More like £5,713.12 take home for 100k

£5,229.78 for 90k salary - so £483ish diff -and youd keep all the taxfree childcare and free hours etc

And for @cadburyegg

£100k after tax and student loan is £5k a month not £7600 a month.

The value of 30 free hours plus tax free childcare can be up to £10k a year. To earn that £10k with the 60% rate over £100k you need to earn an extra £25k.

So a parent earning £100k with a student loan and two nursery aged children would have the same money after tax and benefits as someone earning £50k - exclusively due to the loss of childcare. Sounds unlikely but it’s true.

what makes me laugh is that you actually believe you have a right to my money because I earn six figures. News flash - You don’t. Tax rises coming for all because of this attitude.

Bringing something up is not the same as complaining about it.