To think getting less than 50% of your pay is crazy?

[rampe]

If someone earns £15,000 a month. They have a student loan. They pay in 10% into their pension.
They take home less than £7,000 a month.

Did you mean to type per month?

What do you do to specifically EARN £15k (that makes it so abhorrent that you don't get the full amount) that someone who earns £7k (or even far less) doesn't do in their work to earn money?

Do you have an extremely dangerous job? (like in the battle field bomb disarming)

Is it incredibly hard back breaking labor? (like a coal miner)

Do you work double the hours of everyone else? (so 80+ hours a week)

Are you in charge of literal life and death? (like an ICU doctor)

Are you aware from family for long periods of time in harsh environments? (like an oil rig)

Or are you just lucky and privileged in the first place to have a job that pays extremely highly?

Why do you think you need and/or deserve £15k a month?

At the end of the day its not really your money, unless your on under £12k per year everyone is taxed, the before tax money was never actually your money it was always a debt you owed. So why do you think you shouldn't pay it like everyone else.

Lots of people here don't understand the implications of higher rate tax, you see it all the time with oh you earn x you must take y home each month, well no to because deductions are being vastly underestimated.
Last month I earned just under £5800 and had deductions of £2100. It's galling. I turn down on call at this point because I barely see the extra money and lose my nights and weekends but it's a public service that loses me as a resource.

Pension contributions and student loan repayments aren't tax either.

The UK has marginal tax rates of 62% and depending on personal circumstances it can effectively be over 100%. This is made worse in the UK by quasi taxes which don't exist in Finland eg south east train commuters into London paying 450-700 a month / monstrous housing costs or childcare costs which destroy disposable income.

Presumably they are choosing to pay 10% into their pension rather than the standard 5%

My job is dangerous btw and I work with a section of society most people are terrified of and sickened by. I also grew up on an estate in east London with parents who left school at 14 without a qualification between them. So the silver spoon accusations are misplaced

What's crazy is anyone thinking they're doing anything that is worth 15k a month.

Are you performing life saving surgery on orphaned orangutans ? If not jog on...

I was all set to sympathise then noticed you said "a month"

Nice wind up

And? It's all relative.

It’s the dipshit comments on here which is why there aren’t enough people paying for their UC. People who earn well have stopped working so much or left. No-one left to pay for the welfare state anymore.

Obviously if you earn more then you pay more tax! That’s absolutely fair! 7k after pension, tax and student loans is still a lot of money!!

To be fair, people don’t tend set their own salaries. It’s someone else telling them that what they’re doing is worth £15k a month, not their own assessment of their worth.
I mean, if someone told me they’d pay me £15k a month, I wouldn’t say no.

What do you think people should earn? Do you think it should be capped? How do you feel about some people who can earn more than that cap moving overseas? Do you think that the UK would be a better place without globally top level scientists, surgeons, technology experts, entertainers, musicians, architects, academics etc etc?

Personally not keen on levelling down.

I have a very decent salary (though not quite 15k a month!) and honestly it doesn't bother me one bit that I pay a lot of tax

I know what my take home is, and I budget accordingly. It's more than adequate for my needs now and in the future.

I no longer have a student loan and the amount I put into my pension is a sensible (and, fwiw, tax efficient) way to save for the future.

I grew up poor, I'm privileged to be in my current situation. I'm happy to pay what I owe into the country's coffers to ensure we have things like schools, fire fighters, roads, the NHS and buses.

Would I like to have more £££? Yes, of course. But I certainly don't feel hard done by or see it as any sort of disincentive to promotion to be taxed the amount I am.

"They pay in 10% into their pension."

You do realise that this is an investment that you're making that will pay off when you retire?

You do also realise that it's tax free? If you weren't investing it in your pension then you would have to pay tax at 45% on that money anyway.

Would you prefer £1,500 invested for your future every month (plus whatever your employer contributes) or £795 in your hand after tax and NI?

"They have a student loan."

I don't know what plan you're on, but you'll likely be paying around £1,150 per month. Average student debt on leaving university is, what, £45k. So, you'll likely pay off your student loan in under four years.

Other people doing less well than you will spend up to thirty years paying it off, along with the interest.

That ought to sting.

Can you pay more into your pension?

You're looking at it the wrong way round op.

You don't get taxed too much.

You get paid too much.

Don't think of it as a £15k/month salary because that's a farcical salary given some of the hardest jobs in the world are minimum wage, on £15k a year.

Ignore the whingers who seem to be wilfully missing the point.

I can understand complaining about money being lifted from your wages for tax or to pay for stuff that has nothing to do with you. But you're complaining about money going out which is your own expenditure. Repaying the loan is money that you spent in the past, and pension contributions are money for you to spend in the future. You should at least take responsibility for your own expenditure.

If actually says "per month".

I think £7k per month is a ridiculously high amount to live on, so yes, in that case I think paying a high level of tax and benefiting society is good. Student loan will be paid off very quickly at that salary too.

OP ignore the hate. YANBA. I feel the same. Its depressing and i don't even use any public services.

It then she would see even less of her money to spend now ?

And actually, people are usually paid large salaries based on the amount of money they make for the business. The alternative is that they are paid less and the business owners/fat cats at the top keep even more of the money. I’m not sure that’s preferable.