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.

OP should havre just said they didn't like paying tax instead of all that blah about student loan and pension

None whatsoever? Not even indirectly? What is it you do?

When did he go to uni? I went post fees hike, pay off approx £1500 a year and last year they charged me £1600 in interest. The only people who’ll ever pay a post 2012 loan are those earning over £100k!

I don't understand why student loan repayments/childcare/private pension are treated as if the government were taxing you.

Student loan is repaying the cost of your higher education. A private pension is an extra investment for your future on top of the state pension.

How do you get to the shops then? Can you hover?

Except if you ignore the pension (which is benefiting you) and the student loan (which did benefit you and you'll pay it back quickly) then the take home is just shy of £9000 a month.

Me neither! In fact I've only really just started paying it back and I'm 33, mainly due to working part time

I just put it through an online calculator

I can imagine this situation basically never occurs given the student loan would have been paid off in the years leading up to earning 15k a month. Graduates don’t typically earn 180k a year. However, if your point is that people earning lots of money pay lots of tax, then obviously it’s true. That’s how a progressive tax system works. The good news is you get opportunity to get used to it as your income increases and your effective tax rate does too.

Welcome to the real world.
I will never understand how people can get to adulthood and that level of pay and not realise how much net a certain gross gets you, Especially today with easy to find online calculators. You’re not doing it by hand with a battered Casio,

Presumably the private fire service the PP might need if her house burns down and the private bin collectors also hover.

I’d be pretty peeved to see half of my take home earnings in my account to be honest.

If you think that pension contributions are money you're not "getting" then you're not financially literate.

Exactly. People moan about high earners but they pay a tonne of tax. DH upped his pension contributions to avoid the £100k cliff edge, I'd have done the same.

Go part time 😂

Of course you do - you rely on the rule of law and the institutions which run government and countless other things which rely on public spending. You might opt out of the services where a private version is available but we ALL rely on publicly provided services.

No. I pay road tax separately. Road maintenance isn't paid for through general taxation.

Maximise the amount you put in your pension as it is nowhere near the yearly cap.

Your example may be excessive. But it is a real problem esp in Scotland for much lower salaries with higher tax rate coming in while still paying full N I rates, don't see how it makes the state get anymore as everyone I know, including myself, pays more into their pension

In thr real world an average person getting £1500 a month...

And the pension is like paying into savings! If you want more money opt out of pension!!

It actually is.

Yes you're right of course. I was making a broad sweep of a statement.

The problem with this is it stops people working harder, encourages them to work less because you don't see the benefits of your hard work. If you tax less, you're incentivised to work more as you see the benefits, arguably paying more tax than you would have at the higher rate (obvs depending on the scenario).

Politics of envy all over this thread like a rash.

"Take home" to me includes the debt you borrowed from the taxpayer AND your personal pension savings.
Post up your earnings before this and they are more than 50%.
And I have no problems with a progressive tax regime which means the wealthiest pay a larger proportion of their wealth in tax.

In fact I would go as far as limiting pension pots and contributions more - again, higher tax payers get more from pensions due to the tax bands.
I would also bet stricter on inherited wealth, through cash, property, investments and businesses.

So yes, I am OK with the figures OP suggests.

Is "broad sweep of a statement" a euphonism for talking out of your arse?