Is this classed as a ‘high earner’?

[Earnerlesr]

65k.

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

Very high indeed (lifelong Londoner and no one here I know earns that much). Look on the IFS earnings scale calculator and you'll see anyone earning that much is very high up indeed

West of Scotland here and that would be a very high earner here! Around £45k here would be seen as really really good!

I'd class £100k + as high

Yes....100k PLUS - no way you can afford to live round here on 100 k and live comfortably.

Of course it is.
Anyone saying not is either on a wind up, or lives in such a privileged bubble that they have absolutely no concept of how the overwhelming majority of people live.

If you want to compare by tax - then yes, it is in the higher tax bracket, which ought to be a big clue.
If you want to look at the stats for what % of people earn £65K or more, from memory it is only around 10% of people.
Either way, of course £65K is a high income compared with the population as a whole.

If you wanted to narrow it down to ask if it is a high income for Magic circle lawyers, or for senior Medical consultants or for London City Bankers, then potentially not, but if you are talking about most of us, then of course it is.

Because it’s not a realistic postcode….. 100k can get you a nice house in London for sure I’m not arguing that, but not in that area, hence why I said i would expect people living in that area would be earning more. I agree with you 100k is a high salary!

Top 10% of earners 63k plus.
Top 5% of earners 80k plus
Top 1% of earners 160k plus
Top 0.5% of earners 263k plus
Top 0.1% of earners 650k

Taken from This is money and the chart is a DWP one.

Regardless of outgoings which is irrelevant for the purposes of knowing what a high income is, this is all about income distribution. My household is in top 10% bracket, that’s it no debate on if I’m well off or if I’m worried because I have huge outgoings. It is where my household is in the grand scheme of things. Almost all threads about money become too personal. There is your genuine answer op. It just depends if you think it’s top 1%, 5%, 10%.

No way can you afford to live on Belgravia on 100 k.....only if accommodation is free. We have household income of just over 200 k in SW1X.....but a tiny mortgage. Could not afford to rent/ buy now.

Apologies I think I got her post mixed up with who she was replying to! I thought she meant lots of people earn 100k plus then quoted the Belgravia postcode - so thats why i said of course they do its Belgravia - my bad! Wanted to highlight not all people in London earn a high wage - who ever said they do

@Totaly do you mind me asking how old you are and what you do with the money? I’m just wondering whether you’re in your 30’s and the goal is to pay off your mortgage or retire early?

For the record I don’t think £65k very high at all. It would be for me personally, but my exH and DH earn(ed) a great deal more than that and they shared the benefits of earning well. So my view is now skewed. I still don’t waste money though. Been skint too many times to waste it. I do try to “share” in my own way, with others - am not tight.

You can only afford to live in Belgravia on 100 k if you are not paying accommodation costs. Family owned or bought 30/40 plus years ago.

Approx 32 million pay income tax
Approx 6.5 million pay higher rate income tax.

And what handouts do you think I'm getting as a childless 40 year old on 28k?

About 5 million claim benefits & have never paid bugger all…

Your reply is normal…unfortunately MN will have the extremes replying!

That’s why I said over, and I agree they probably earn way more! (And good for them if they do!)

yip, it’s not a realistic postcode. Not possible to live on 100 k in Belgravia, while we don’t struggle on a combined income of just over 200 k we are the poorest people we know 🤦🏼‍♀️

In the private sector many SMEs will have multiple people on 6 figure salaries, and most large towns in the country will have a multiple SMEs. Somerset is the most rural county in England, defined by population density, but it still has almost 60,000 SMEs. Even if only 5% have one person earning a 6 figure salary, that’s 3,000 people in the most rural county in England on £100k plus. And there’s almost a million people in the country who say they earn more than £100k, and 48 counties, so that sounds about right to me.

That's like millionaire status compared to my 9k a year 🤣

Oh come on, 300K is hardly high earnings. If you live in London and have more than one child in private education and a nanny, there would barely be enough left for the annual skiing trip. I think anything less than 750K is pretty average and equates to the squeezed middle tbh

Bloody hell. Which thread was this??

This place is seriously bonkers!

I'd say a high earner in Londoner is someone earning £125k+.

I'm not sure what the equivalent would be elsewhere, but I suspect significantly less.

Higher earner is relative to the localised general cost of living.

It is really - child benefit is for those who truly need it.
It’s not fair to expect the taxpayer to subsidise you because you choose to live in an expensive area.

Child benefit should be stopped and all children given free school dinners and breakfast club also.
All kids would see the benfit of it then

Withholding cash elements of benefits and pensions and giving credits/free provision of utilities, childcare, school meals etc would greatly help those in poverty or who are being financially abused.
If only there was a political party set up exclusively to represent wage slaves, no idea what they might call it - might even be electable. Still we can dream.