Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask how much you earn

796 replies

ezeria · 12/11/2018 12:20

How much do you earn per anum before tax? What is your current position/job/career? Do you enjoy it?

OP posts:
bbcessex · 18/11/2018 23:16

LadyP - I know plenty of people who earn ‘around’ the £150k mark - if you’re in a business development role, it’s often variable.

As I maintain - it’s perfectly possible to up your pension contributions to take you under certain thresholds. I don’t know about those over £210k - i’m not In that bracket.

Those figures from HMRC are those paying ‘top rate tax’. As I said, you can ‘earn’ rather more than £150k and be sensible about how you structure it.

LadyPasserine · 18/11/2018 23:20

If they are paying top rate tax then they are not under the threshold. Its that simple.

bbcessex · 18/11/2018 23:24

That’s my point, Lady C - that there are many many more that 364,000 in the U.K. who are salaried at X, but pay into X, Y or Z which brings them to a lower figure.

But I’m too tired to argue!

LadyPasserine · 18/11/2018 23:29

Whatever they pay into is allowed by parliament - like EIS, VCT, Gift Aid etc so I am not sure of your point.

Xenia · 19/11/2018 08:54

You can draw a graph of it and things like getting just up to the losing child benefit level - put into your pension insetad of your rise and you keep the child benefit. Then you get to where you might lose the single person allowance and not get £2k a year per child tax break for your childcare fees and you can pay into a pension (but only a limited amount). However once you get over those bands there is not that much you can pay into to reduce it other than a relatively nominal amount into a pension - you just hand 47% of most of your pay to the state and say good bye. to it - i am talking about people no £200k to £2m+ kind of levels under PAYE or self employed like all those equity partners in accountancy practices.

However I would never say to a woman therefore limit your earnings to £100k or £150k to avoid the extra tax because if they might otherwise earn £200k then keeping below £100k is ludicrous. Better to have the money and give the state half of it.

VCT (and I think EIS) is very risky investment in companies which may well go bust and you probably won't get your money back. Gift aid is charitable donations which if your mortgage is £90k and your school fee bills are over £50k (that was I at one point) then you may not be choosing to make large donations on top of your almost 50% tax rate to good causes.

OKhitmewithit · 19/11/2018 09:32

As I maintain - it’s perfectly possible to up your pension contributions to take you under certain thresholds. I don’t know about those over £210k - i’m not In that bracket

@bbcessex
The pension changes introduced in 2016 impact anyone earning over £110k. A new calculation is then required by law. The changes still allow the use of carry forward pension allowances for 3years, but after that this will have gone. Anyone then earning over £150k will not be able to do as you say to the same extent. The £110k is threshold income, the £150k is where the 2:1 begins.

I’m a chartered IFA and specialist pensions adviser. You are not correct.

GreenMeerkat · 19/11/2018 09:41

Wow.

Some of you earn an awful lot on this thread (well, a lot more than me Grin)

I'm an Office Manager for a regional public sector organisation. My full time salary is £24k but I work part time 0.5, so half that.

DH has a more senior role in the same organisation and earns 30k full time

OHolyNightOwl · 19/11/2018 09:42

I really like this website for checking salaries per role (and read anon reviews of companies):
www.glassdoor.co.uk/index.htm

c0wgirl · 19/11/2018 09:57

£40k i'm a nanny

Xenia · 19/11/2018 10:30

(Very much a side issue for people but that is correct on higher earners and pensions. I don't want any sympathy but I don't think most people know just how much of the burde rof tax has been moved to higher earners in the last few years with no child benefit, no single person tax allowance, big changes to what they can put into a pension, upper cap on the amount in the pension (which applies to everyone) and all the things my doctor father had in the high tax 1970s days when his upper rate was about 63% not the alost 50% of today aren't there eg university fees paid by the state, tax relief on mortgage interest (MIRAS) which I think they still have in the USA, tax relief if you covenanted money to family members. I cashed out my pensionat age 55 recently and gave the money to children for housing and 45% of 75% of it went in tax to the state so hopefully that might help some of the less well off).

Workreturner · 19/11/2018 11:54

@bbcessex

Wrong

Listen to ok

fuzzyduck1 · 19/11/2018 12:20

£45k as an alarm spotter

bananafish81 · 19/11/2018 13:18

+1 for glassdoor in terms of salaries

Reviews are next to useless as the genuine ones are those who've had particularly awful times and the positive ones are almost always written by their hr department

People who've had a decent experience don't tend to be arsed to write a review!

I am really passionate about mentoring younger women in my industry, and I do think that talking about money is part of this. Not because salary is a measure of one's worth and not because everyone should be aiming for the best paying jobs

But within a given industry, making sure that younger women know what they are worth to the companies who will employ them, so that they are getting paid fairly compared to their male counterparts, and commensurate with industry norms for their skillset and level of experience.

I mentor a few younger women, and the women who've mentored me have helped me enormously

Money is a tiny part of this, but it doesn't serve us well to ignore it

On a similar thread a few months ago I shared a salary benchmarking survey for my industry, and one poster (who was working freelance in the same industry after having 4 DC) said she realised that actually her skills were in greater demand than she'd realised, and that actually she could be considering opportunities she'd thought were out of her reach - and that she could have been charging a lot more / under selling herself. That's just off a MN discussion about salary!

The gender pay gap is a much broader issue (women in lower paid occupations, taking most of the burden for caring for DC, elderly parents etc), but specifically for pay inequality, where women are paid less than men for the same job, a factor is that companies pay what they can get away with. Blokes aren't inherently worth more than their female colleagues, but they're often more demanding.

In many professional occupations male and female graduates start off on equal pay. But as they progress, the gap starts to widen

  1. Men are often more aggressive in negotiating pay rises
  2. Larger pay increases come from moving jobs - men will often go in with higher salary expectations / bump up their current salary to go into negotiations from a higher baseline. A woman may be coming in on a lower salary, and be more honest about it, so she's going into negotiations from a lower baseline, and may negotiate less aggressively.

The gap widens even before women start having DC

This is a very narrow window on certain types of jobs where salary negotiations are even possible

Clearly this is irrelevant for the majority of occupations

But where there is scope to challenge pay inequality, we need to have more transparency. Like Carrie Gracey at the BBC

MarshaBradyo · 19/11/2018 13:27

I remember fondly one particular glass door review from a current employee scathing as ever
It kept office gossip going for ages, who wrote it, even the MD did a talk on if it was you, don’t stay.

MrsLion · 19/11/2018 14:49

About 85k plus 15% bonus (yearly) plus a long term bonus to ‘retain’ me - about 15k per year I stay paid out every 3 years.
Senior marketing role in fmcg.

WickedWitchOfTheWest83 · 20/11/2018 09:11

Before my son I earned around £100-120k, self employed doing SPMU and Aesthetics (fillers, Botox, etc). Still do the same, for the same prices but work maybe 10hrs a month, so about £50k p.a. - I have clients trying to book in thinking it’s because I’m really busy with work, but it’s actually because I want to be as much of a SAHM as I can be but still earn my own money. I am a single mum too and always have been (“sperm donor” situation).
I love everything about my work/home balance and now my son has started full time kindergarten, I am starting to book more clients in... maybe 11hrs a month rather than just 10 🤣

Diff16 · 05/12/2018 14:06

£72k in Finance - love it, great company, no requirement for overtime, nice people, good work/life balance.

beanaseireann · 06/12/2018 07:33

fuzzyduck1
What's an alarm spotter ?

Workreturner · 09/12/2018 12:24

@WickedWitchOfTheWest83

Are you a nurse?

AntMoon · 09/12/2018 12:36

Self employed, £20k annum take-home pay, most months I do literally zero hours but every 6 months around 5 hours is needed.

WickedWitchOfTheWest83 · 09/12/2018 13:01

@Workreturner

Yes, I am/was.

New posts on this thread. Refresh page
Please create an account

To comment on this thread you need to create a Mumsnet account.

This thread is closed and is no longer accepting replies. Click here to start a new thread.