People moaning about lower bonuses this year

[airjordan]

I think it makes them sound really spoiled. The couple of people moaning are already on huge salaries so I'm sure they'll cope with a less than great year!

@missyB1

Anyone who is disappointed about not getting a bonus, how about we give you a round of applause instead? After all it’s good enough for NHS staff.....

👏

Sorry that could be misinterpreted - I was agree I with you

I know someone who had a bonus this year & used it to pay his cleaner all through this thing ( even though she could not turn up ) because she did not qualify for furlough.

There are bonuses and bonuses and commission & if paid for a target which the employee thinks they can meet then I can't see ( especially commission ) why you would not ( sensibly) factor into you salary. ( I am obviously not talking here about ££££££££ bonuses from the City)

Years ago I remember colleagues in the city including their bonus in their mortgage calculations.

I work for a global pharmaceutical company and we have always had a bonus every year...it's a percentage and if I leave it for 3 years I can take it out tax free. And yes @ThatIsNotMyUsername many of my colleagues have used it as part of their mortgage calculations (I think the bank takes the average of the last 3 years)

@nancybotwinbloom

I do *@CremeEggThief* I use some of my bonus to buy stuff and I make Christmas Eve boxes for my local hospital for children who are in hospital for Christmas.

My local children's hospital is Alder Hey if anyone wants to donate.

I donate or make something for the hospital every year.

Do Alder Hey really accept homemade stuff? Even in pre covid times?

We're under a huge London teaching hospital and I've never been allowed to donate toys or clothes and they wouldn't dream of accepting anything unopened / not in original packaging. This is all pre covid.

15k bonuses are taxed at 40%. Its still a lot but it really isn't 15k.

• usually taxed at 40%

But bonus are part of their agreement for working.. its payment for their work and it would be stated in their contract. I assume usually goals to meet in order to achieve the bonus.. so if they've met the criteria then they deserve it.
If your employer said actually we're not going to give you part of your earnings this year, you'd be pretty pissed too.
I don't earn bonuses but if I did and was told I wouldn't be getting it I wouldn't be happy.

There’s a difference between a bonus and commission though. DH gets both and while he’d be OK with not getting his (small) bonus, he’d be pissed off if he didn’t get his commission as that’s part of his wages and he’s earned it! Luckily his company have been amazing and given everyone an extra bonus this year (they’re lucky enough to have done very well out of the lockdowns though).

Depends on the industry and job.

Ds1 works in a low wage job and usually gets around £500 bonus if sales are good. His employer stayed open during both lockdowns and made record profits. He doesn't need the bonus but I wouldn't blame him if he was disappointed about not getting one when everybody not furloughed or self-isolating had to work harder for the same pay.

If we are taking about say airline execs on big wages then you'd have a point. The industry has had a terrible year and people have taken paycuts, forced to sign contracts with worse working conditions... so those people are lucky to be in jobs especially if they were on full pay throughout.

@ThatIsNotMyUsername

Years ago I remember colleagues in the city including their bonus in their mortgage calculations.

You still can. As long as you get the bonus annually and have proof, it’s added to your earnings p.a.

15k bonuses are taxed at 40%. Its still a lot but it really isn't 15k. that depends on how its paid and base income. I get commission monthly which tots up to around 17k per year but as all my earnings including commission is less than higher rate I don't get taxed that high.

For the last 6years we’ve had to use the bonus to top up our next years monthly living as I miscalculated the cost of living when we moved where we did . I’m not talking holidays and lobster type of costs. It feels like an utter waste tbh. But we would have been screwed without it. We might actually get to put some aside in savings from this years.

@Foxyloxy1plus1

Some people have jobs that never attract a bonus.

When everyone moans about Public Service Pensions and so on they need to remember that we don't get annual bonuses.

I would prefer a Public Service Pension to a bonus, the average UK bonus is only £1,700 p.a.

The public sector pensions have very high personal contributions - for £41,430 pa I receive 2k a month net

DH is on a fairly low wage but usually gets a bonus just big enough to cover christmas. He’s not getting it this year at all. Yes we are grateful we still have our jobs etc but it does make Christmas difficult as we don’t really have much spare money! It’s especially hard this year as all the usual free Christmas activities we do to make it special aren’t available. It’s gonna be a tough one for us this year!

I wish healthcare got bloody bonuses 😂

What if you had received the bonus everytime it was available, and it was forecasted to be earned this year but the company decided not to pay it. You were relying on that money because your DH business has collapsed due to covid and now you are the only earner.

Are you not entitled to rely on that bonus? Or moan?or be disappointed?

Everyone's circumstances are different. You can't make such a sweeping statement

@bjjgirl

The public sector pensions have very high personal contributions - for £41,430 pa I receive 2k a month net

Interesting, so your contribution is around £500pm? What will your pension be per month?

@airjordan

I think it makes them sound really spoiled. The couple of people moaning are already on huge salaries so I'm sure they'll cope with a less than great year!

I agree.

What I don't understand is why they get these huge bonuses for just doing their job.

I have only had bonuses or commission for going over and above my usual workload.

I feel that the people who really do deserve a bonus this year are all the key workers not the fat cats who already earn 6 figures.

Ive worked through pandemic for Ann essential company who are making a profit I know I am
Lucky to have a secure job , and luckier that my family haven’t been affected by covid. However lots of staff shielding on full pay and the rest working flat out . As we usually get a bonus I think this year it should go to staff working with public , then those at wfh. I don’t think it’s greedy to expect it as we are working flat out and making a profit , even if we only get a token amount this year.

People will know if they are likely to receive a bonus when they apply for a job and whether it is standard practice for the sector they are in - my husband receives a bonus, not this year, I don't as I work for a local authority, it is no great surprise to me.

@jelly79 it’s never guaranteed. That’s why it’s called a bonus. If you’re that aggrieved maybe it’s time to obtain legal advice, they will most likely say it’s not guaranteed and no case. People shouldn’t spend money before they have it

I think in a year when lots of people have lost their jobs they should be thankful they still have one! Surely a bonus is an extra so not guaranteed!
Maybe I'm bitter though, my husband works in what has probably been one of the busiest type of job this year (except obviously NHS) and he's working 6 sometimes 7 days a week and has had most of his overtime taken in tax and doesn't didn't even get sick pay when we had to isolate.