Is this classed as a ‘high earner’?

[Earnerlesr]

65k.

And if it’s not, what figure starts to be classed as a high earner?

According to the Office for National Statistics, the top 20% of the UK has an average disposable income (after income tax, NI and Council Tax) of £66k per month. So a gross salary of £65k is not the top band - whatever it feels like to those earning way less. Chart here: ONS average income

My friend earns roughly 250k. He's bloody miserable, can't do anything with his life as it would mean a much lower income.

I just could never rely on someone else earning money. Nobody knows what's round the corner. It's always good to be self sufficient

Definitely would not want to be a lady of leisure.

@backtogrey

Bit measly... I have at LEAST 10 friends on 8 and 9 figure salaries. One man bought his wife a jetranger helicopter for her 35th birthday last week. She was a bit miffed as he spent much more last year. Bought her an 8 seater private plane. Still, I think she should be grateful. DH only bought me a 30ft long yacht for my birthday in the Spring.

Gosh thank you... that makes interesting reading As there are actually so few on very high salaries, it appears that every single person earning over 6 figures a year must be on mumsnet - They MUST be because of the high amount of posters claiming they, their partner, and all their friends are on super dooooper salaries.

I’ve just realised I’m poor! 😭

Well at least among the mumsnetters

And he always has a LONG commute.

According to the Office for National Statistics, the top 20% of the UK has an average disposable income (after income tax, NI and Council Tax) of £66k per month.

That high?

This sums up the subjectivity of people living in their bubbles.
You say in your area "most people" use nannies and cleaners... As if the nannies, and cleaners (and shop assistants, uber drivers, road cleaners etc.) are not also people earning their living in the exact same location! They won't be living in the million pound houses but they will be just down the road earning less than £65K

Oh please. I’m in the Home Counties, 3 kids, I’m a SAHM, manage perfectly well on £100k.

This, in a nutshell.

That is household income though rather than individual earnings.

Yes, I would say so. I live in London and DH and I earn that between us.

No, not that high at all. £66k a month? 🙄

And those figures are per household, not per individual.

RegainingTheWill2023 - London is very diverse. No, cleaners and nursery workers etc are not living in say, Chelsea (unless in social housing, which is very limited). They will be travelling from other areas, often quite some distance.

According to some posters on here you're on the bones of your arse and nobody could ever afford to live in London on a salary which is under 100k....

And you can see where you are on the percentile here:

https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax

(65k is 92nd)

And compare your income here:

https://www.oecd.org/wise/compare-your-income.htm

(65k would be in top 10 per cent)

2 bed flats in central London are around £600,000 - £700,000 so a couple on £65,000 each could get a mortgage for one in theory

I am fully aware of that.
Which is why using a very small locality in a discussion about earnings is utterly meaningless.

Oops! 🤣 Per year. Wishful thinking on my part!

It’s MN, anything under 100K is considered low wage. Meanwhile back in the real world……..

Slightly off topic, but it’s funny how wedded people are to the concept of “a six figure salary”, and how £100,000 looms large in so many people’s minds when these topics are discussed.

I feel like £100,000 has been playing that same role for years now!

Surely with inflation and cost of living people should have moved the dial up a bit, say… to £110,000, or £120,000. It shows you the power of a nice neat looking number that people are still so willing to stick with it.

I wonder how devalued £100,000 will have to become before people stop using it like this? I reckon probably not until they feel confident enough to replace it with £150,000 at least as the new benchmark.

There are stats on this.

65k pouts you in the 92nd percentile of pre-tax earnings. Iother words-only 8% of people earn more than that.

£100k would put you between the 96th and 97th percentile.

The '1%' - those in the top 1% of earners -earn £183k and above.

I think MN needs a separate section for Londoner's the 12% of the population, for their own little bubble and the rest of us.

MN seems to think every thing and every one should be compared to the London bubble weighting, and political bubble.