To ask what YOU think a high salary is?

[minimummies]

Going off the back of the salary thread and the savings threads. A lot of people are aghast at the wages and say that ppl are lying!

What do you think is a high wage for say a woman in their 30's?!
Would you say differently for a man?

I think anything over 100k is a high wage for either. 25-35k would be low imo and anything in the middle would be a good salary.

@Comefromaway Jesus! That doesn’t sound very successful? DH owns a construction company and has labourers earning £28,800 gross.

Our mates are on £26-£30k depending on experience and overtime.

Skilled tradesmen are generally about £33k-£40k depending on qualifications and supervisory responsibility.

Lots of other firms have been going into administration recently so there are a glut of people looking for work. The people who leave tend to do so because they want to go into small, domestic work rather than commercial, hospitals and prisons.

But not many leave, the average employee has been here for 10 years.

This is hugely dependent on age, gender, and region. Averaging the UK as a whole, to be in the 1% I think you need to be earning north of 120k. HOWEVER, parse it out to look at individual groups and you see massive swings. “For men aged 45 to 54 in London... £722,000 was needed to make the 1 per cent club... Someone cracking the top 1 per cent nationally with £162,000 per year wouldn’t even make the top 5 per cent for men in that age bracket in London.”
www.thisismoney.co.uk/money/comment/article-7357395/Who-1-Britain-one-them.html

Bearing that in mind, I’d say that controlling for gender and age but averaging across the UK (male age 45):

Below 25: low
25-50: okay
50-120: good
Over 120: high

Christ. I never realised how downright snobbish Mumsnet could be until I read this thread. I have never in my life heard 40k or 50k to be merely "ok" wages - most people I know would be thrilled to be on this kind of income.
People come from all different walks of life and this thread is enough to turn people suicidal for not feeling they've achieved enough.
Really horrified by some of the reactions on here.

@Comefromaway that’s really good! It’s clearly a good firm to work for.

@Ideasplease322

Vassal, the difference may be between average and median?

The figures quoted to date on his thread have been median - this is average (mean).

I am sure updatemate will give the link.

You seem quite cross so sorry if you know this🙂

I'm not particularly cross just annoys me a bit when people (or websites) present 'facts' as gospel truth without providing proper sources. The website updatemate linked to didn't actually say where it got that £38k quote from either so going to stick with the ONS stats...

It's very possible that it could be an average vs median stat, however the medians are usually more reliable in these circs because obviously the very few footballers/actors/etc earning millions will throw the 'overall' average out considerably.

[quote ToffeePennie]@dugee not all.
My husband earns £30k per year. I will earn around £7k this year. So that’s a total of £37k per year coming into our household.

Benefits have a “cap” of £20k per year, regardless of the amount we work. We are entitled to only child benefits (which doesn’t cover 2 days of childcare where we live) and I am constantly scared I will not be able to claim 30hrs entitlement next month because covid has crushed my earning potential. So actually, those who are “topped up” by benefits are often working minimum hours and bringing in more than me and my husband despite us working 40hour weeks.[/quote]
I hardly think 37k is equivalent to minimum wage, in fact it's more than double. I find it disingenuous for you to attempt to compare an income of 37k with minimum wage.

Is your point that you think 37k is a poverty, wage, or are you saying that you don't get enough benefits and you should get more?

You are given some benefits - child benefit and free childcare.

@TableFlowerss

It’s all relative anyway.

Also don’t forget once you earn over £43k you pay 40% tax so it not as great as it seems on paper as nearby half you don’t see anyway!

This isn't really true because you only pay the higher tax in the portion of pay over the limit

It’s all relative really - someone who lives alone earning, say, 30k would be good, but someone earning that and supporting a partner and/or children would be quite low.

@Maude876

Christ. I never realised how downright snobbish Mumsnet could be until I read this thread. I have never in my life heard 40k or 50k to be merely "ok" wages - most people I know would be thrilled to be on this kind of income. People come from all different walks of life and this thread is enough to turn people suicidal for not feeling they've achieved enough. Really horrified by some of the reactions on here.

How can you not think it's all relative? Yes, there are massive pay discrepancies, that is an issue - but it is totally normal for someone to earn 100k and only have friends who earn around that mark.

This is fascinating. Thanks OP!

We're in the North East and dp earns 55k. We have a good quality of life and have around 1800 per month spare after all bills (including mortgage, food etc).

I think it depends on where you live and your outgoings.

For me

@Onedropbeat

I’m surprised how little doctors get paid. A salaried GP without overtime earns between £40-57k depending on how far brought the training they are

That’s an awful lot of student debt and years learning in a stressful and time poor environment for not much gains unless you end up becoming a partner

Totally agree... I am essentially a glorified admin assistant earning £65k working in finance in London. Shocking really to be earning more than a GP

How can you not think it's all relative? Yes, there are massive pay discrepancies, that is an issue - but it is totally normal for someone to earn 100k and only have friends who earn around that mark.

This is exactly it, and to quote the poster you quoted, ‘people do come from all walks of life’ - at both ends of (and across) the spectrum.

People live in their bubbles, often surrounded by others in the same boat as them, and so become very accustomed to their ‘normal’. Whatever people in their bubble earn is ‘normal’ for them, even though it may not be normal across the board.

There’s probably more people of working age in London earning over $100K than there are people of working age in my country!

£100,000+

@JM10

Do people seriously think you have to be on 100k, 200k, 250k to have a good salary?! You three clearly live in a differ6world to most of the rest of us.

I honestly can't believe that anyone thinks any role under 25k is extremely low and probably would need to be part time.

That wasn't the question.

She didn't ask what is a GOOD salary. She asked what is a high salary...!!!

They have dropped the tax thresholds now is anything over 37 for 40%

@Pleaseaddcaffine

They have dropped the tax thresholds now is anything over 37 for 40%

Wow I didn’t know they’d done this

That’s a big drop from £50k

Just realised that’s after the tax free allowance so still £50k before 40% tax

They have dropped the tax thresholds now is anything over 37 for 40%
No they haven't!

Up to £12500 is your personal allowance
The next £37500 (up to £50000) is taxed at normal rate
Over £50000 is higher rate

Surely it’s like age - anyone 15 years younger than your age now is “young” 😁

Phew I got my tax letter and it's literally the first time I've read it! Hence confusion. That helps as I'm. In the higher bracket now due to second income :)

75k seems high to me (but achievable in the right sector)

DH and I mid 30s. I earn 13k (26k FTE) DH 45k. I have larger earning potential but limited by working P/T while kids are small.

What do you think is a high wage for say a woman in their 30's?!
Would you say differently for a man?

60k.
Same for a man.