to take a 50k paycut

[RiddleyW]

Bit if a WWYD I suppose.

I currently earn lowish 6 figures and a really really interesting job has come up but it's a significant paycut, around 50k at least (and more if I assume I get my max bonus in current job).

It has a somewhat better pension and 2.5 days more holiday a year. Probably similar hours to what I do now and similarly flexible.

In many ways I think this might be complete madness but honestly it is working for my absolute dream organisation.

As a family we could afford it but would mean some cutting back and definitely saving less for DS' future.

Feels selfish to even consider it really but I'm sooooo tempted!

So, would I be unreasonable to go for this job?

We have a salary difference in my household with me being the higher earner, subbing my DH to follow his dreams. It's sad to read the envious posts on here that are unsupportive of a person asking for advice about a real life issue. Yes she earns far more than average but work it out in % terms of your salary and see if you'd do it. DH did and as a family haven't regretted it but one of us kept our higher earning potential.

I took a job with £75.000 pay cut pension was much better and the new job eased my anxiety and stress levels.
I'd personally go for it.

Happiness and my family was more important just to add

Op if it will make you happy do it. We spend a phenomenal amount of our lives at work it’s important that we spend that time as happy and fulfilled as we can be. Google windmills on line and have a look at some of the working playing learning giving stuff

I think if you are in a job that pays that much then you can make those kind of decisions yourself without having to ask Mumsnet. So you're either a troll or you enjoy stealth boasting.

I think if you are in a job that pays that much then you can make those kind of decisions yourself without having to ask Mumsnet. So you're either a troll or you enjoy stealth boasting

So report it or ignore it, seems sensible advice.

Would you like to set some kind of salary threshold that you deem to be reasonable for asking advice?

Sounds as though it would be the ideal job for you.

I took a pay cut of about that for my current role as there was a better work life balance. If you have enough, there’s more to life than money.

This problem must really keep you awake at night. Perhaps you could think about women who are working in jobs that they loathe just to be able to feed their family instead of posing such a ridiculous question. Get over yourself

There’s a lot to be said about doing something you’d really enjoy. Not many people get that chance in life.
If there is scope for increase in salary to creep back up to where you are now within the next 5 years and if your partner agrees (as it would impact the household income and standard of living) then go for it.

Disappointing to see so many sarcastic and mean comments.

Take the job,take the cut,,who wants to pay more higher rate tax?

I wouldn't do it. You'll regret it. It's hard for me to imagine applying for a job which pays even 2K less than my current job.

@BronH - Perhaps you could think about women who are working in jobs that they loathe just to be able to feed their family instead of posing such a ridiculous question.

Perhaps the women in those positions should think about women who are homeless or women who live in war torn areas or.....

There are always people worse off than us. That doesn't mean we're not entitled to ask for advice about an issue in our lives.

Holy crap!
Take a pay cut of 50k!
Your proposed PAY CUT is £10k more than my family had to live on!
What a complete luxury to even consider this.

I have worked in the charity and public sector for my whole career and I would be very wary of such a dream job. As someone wise once said about academia, 'the battles are so bitter because the stakes are so small'. You'd make a much more useful contribution by joining a board bank or similar, or simply donating some of your surplus cash!

It has a somewhat better pension and 2.5 days more holiday a year.

2.5 days holiday isn't even worth mentioning.
How can the pension be better than your current job that pays £50k more? 🤔🧐

Is this real?

A friend did this (corporate lawyer moved to the charity sector). He only did it because it was his absolute dream and he doesn’t have kids to worry about. I know he loves his new job but has found it hard to adjust to the new lower salary.

How can the pension be better than your current job that pays £50k more?

Employer contribution is much better - so current job it’s legal minimum, matches my contribution to 3%. New place pays 10%.

What's shocking to me is that there's only a 1500 difference between a job paying £120k and a 50k job. that can't be right

lboogy tax band changes over £100K become punitive. That’s why it’s not so simple as earn more = get more. Lots pay shedloads into a pension to stay under the threshold.

In answer to your OP, I say do it. You earning £50k + your dp's earnings should be enough to live on as you say. The difference seems to be in the buffer of savings. I'm going part time so will be on 50k too and that's plenty for me alone

Branster Disappointing to see so many sarcastic and mean comments.

Yes! Some people are so mean spirited - and jealous.

Op, go for the other job. Work satisfaction is really important and you'll probably find you are not that much worse off.

Good luck!

@NoSquirrels 50k is around 3k -assuming minimum 3% pension contribution. 120k should be £5kish assuming the same?

Funny I was discussing this with a friend about maxing pension to reduce my tax bill. I might just do this now that you've jogged my memory

Ah I see now. Yes, it's entirely possible to end up with not much more. Crazy tax. It's like wiping out your entire promotion