i think we need to put it into perspective why people are not happy with this proposal. I see time and time again mumsnet going after ‘high earners’. So let’s break that down.
let’s summarise a typical 4 person family. Who have had to have kids quite quickly because they’ve spent most of their life trying to get a stable home for said children and both in nursery. (You know - the ‘don’t have kids if you can’t afford them scenario)
an average 3 bedroom home in South east is £600k. Nursery fees for two children £2500. (If you are lucky!) mortgage, commuting, car costs, bills, living. You are looking at circa £8-10k a month depending on where you live.
To be (god forbid!) comfortable and afford a well earned holiday from time to time with a bit in savings for future so you don’t burden the state, you are looking at a household income between £170k-200k. To be just making it, you need to £140k - £170k. Keeping in mind as a ‘high earner’ that’s £101k take home in your pocket pay if you are on £170k.
nursery fees £30k
mortgage £36k
utilities / council tax £ 7,200
food £7,800
car / insurance / tax / fuel £6.5k
commuting x 3 a week (which is becoming more unlikely) £6,000
that leaves you with £7.5k for pensions, savings, emergencies, being a family, holidays etc etc.
All whilst both of you work full time and say goodbye to your kids 8am-6pm Monday - Friday.
anything below £120k you are relying on credit cards and debt to live.
it sounds a lot. But when you break it back, it really isn’t. You can see why people are fed up.