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?

Once you earn over 100K you get taxed so much you're kind of better off being on a lower salary.

No you aren't.

Once you earn over 100K you get taxed so much you're kind of better off being on a lower salary.

What? This is just not true. Who believes shit like this?

@merryoldgoat people who don’t realise that tax rate increases only cover earnings in excess of the threshold (tho there is that awkward £100-£120k point where it’s effective 60% rate as the nil rate band is lost)

Since when was 40% of something less than 100% of nothing?

But surely basic common sense tells you that wouldn’t be the case?

And the arse licking of the OP is beyond pathetic as well

What? Imaginary stuff again.

I just don’t discuss money somewhere like this

It is just a little amusing that you opened a thread very clearly about discussing money to tell us that you don't discuss money

an anonymous person on the 'net can discuss anything. Nobody knows who they are so it will not affect their reputation.

Once you earn over 100K you get taxed so much you're kind of better off being on a lower salary.

🤣🤣🤣

@Lifecraft a lot of people are in low paid jobs because that’s the life that was dealt them. By that I mean that children growing up in impoverished circumstances are less likely to have the same bright opportunities in life as those growing up in an affluent life style. Of course there will always be those that buck the trend and do well after having tough childhoods and every credit to those people. I don’t just pluck this opinion out of the sky but I base it on 30 years of Policing and safeguarding. What I would say to the original poster is be careful what you wish for because the grass is rarely greener and this amazing company may not be all that great in reality. Also all the mo eye in the world can’t buy happiness or health.

I wouldn’t do it now if it’s affects by child’s future . I would wait till I’ve made enough money to cover life and kids , then change career to less money when the child doesn’t need me any more / I’ve built enough funds to keep the child’s life as good as I can make it ( I e no cut backs )

But lots of people are in low paid jobs because they are workshy, never put any effort in and do the bare minimum.

Nasty judgy comment.
Maybe like me they have a load of savings and investments plus grown up independent dc and can choose a job that they actually enjoy and not worry about what it pays.

When Jeff Fairburn received a £75million bonus from Persimmon, was that because he'd worked extra-hard, or because the government's "help to buy" scheme channelled money from the taxpayer into the housebuilders' profits by increasing prices to soak up the extra money?

RiddleyW my husband did exactly this and he's never been happier. But he didn't enjoy his old job - I think that's an important factor.

How sad that so many people respond negatively to a woman earning a high salary. I assume the bulk of these responses come from other women. That makes it even sadder.

Let's lift each other up. Just try. It isn't that difficult.

2018SoFarSoGreat Agree.

PigletJohn maybe that was some degree of immoral earnings I was trying to touch on. I apologise for my ignorance but I am not familiar with the case to give an informed opinion. A bit like various tax loop-holes - strictly speaking legal but, from my own perspective, immoral. Or using influence towards key decision makers to sway a large contract in yours or your cousin’s wife brother’s way (this could easily be illegal as well). More often than not, for astronomical profit.

Once you earn over around 40-50k the rate you earn for the work you do over and above that does drop significantly. It’s actually rather easy to work out and visualise on a simple spreadsheet as long as you have your gross/net incomes and weekly hours worked.

It actually happens at all levels once you hit tax level. I’m not a super high earner (circa £30k) but I made myself a spreadsheet like this when considering going PT
Working 3 days per week I take home around £13ph but working FT I take home the equivalent of £10 ph which means although I’m still earning for the extra 2 days a week. I’m doing my job at a MUCH reduced rate. I ran the numbers and figured out I’m working those extra two days got circa £40 a day take home. No thanks!

I say do what you want OP as long as you can provide/live comfortably then why not!

• should also add that my DH is a high earner so as a household we contribute a significant amount of tax and NI- hence why I don’t feel guilty at all using a ‘legal loophole’ like working PT rather than forking our even more for cleaners/childcare...etc

YABU to post such a vague question on here. As other posters have said, what advice are you expecting with vague information given?
50K salary difference is obviously huge. Only you will be able to envisage the impact A 50K less will have on your life. Obviously not a 3rd World problem, but a valid one for you to consider. Good luck with your decision.