To ask what you think of this joint income?

[Fineapple1]

Joint income of 7596 including child benefit

verdict…
more than enough
enough
could be better

i know it’s dependent on outgoings but but as a general income.

I pay that in because that’s what I want to pay in. My workplace pays 10% and I pay 5%

Assuming you could still pay the mortgage if one of you lost your job I think you'll be fine.

I assume the two salaries must be pretty equal to get the CB rather than one earning a lot more than the other.

Yes we are pretty much equal really. Still get CB, never been asked or told otherwise and yes I have checked.
what has prompted Is that DH is going for a new job, which will be more money…He thinks we could do better.
i think we are fine 😅

With pensions, I doubt they'd need to pay any child benefit back on those salaries.

What’s prompted the question @Fineapple1? To 90% plus of the population it’s a very good income post tax and pension (which you probably already know!)
Is one of you looking to change it and earn more/less? For example you want to take on a higher responsibility, higher earning role but your DH thinks you’re already earning loads as a couple so doesn’t see the point in changing the status quo?

Oh ok. They must both be earning between 50-80k then which is an above average income by anyone’s standards.

@Fineapple1 cross posted with your response

what kind of jobs do you and your DH have?
Will the new job impact family life? If DH will still spend time with you and the children plus sharing home responsabilities why not? More money more peace of mind. You could save more towards retirement or towards children's education( university etc)

With no childcare and assuming you are saving 1k per month or so its fine / adequate.

Your pension contributions are low though (appreciate you are happy with them and honestly if you are inheriting they are high enough /you’ll be fine)

Would be an absolute dream to us.

@Fineapple1 it is fine. We pick up a couple of hundred pounds more per month and live very well (and we are also absolutely entitled to full child benefit still). But if someone offered me more I wouldn't turn it down!
I guess it depends if the new job would in any way be detrimental to your home life

Do people on MN live on another planet????? £7k a month is a huge amount of money and miles more than many many families in this country earn. I’m baffled at the comments saying ‘it’s alright’ seriously? You said you have £1600 left and payday is tomorrow. You are absolutely fine. There are families out there barely managing to get to payday without hitting their overdraft. We jointly earn £5.5k and feel extremely privileged and comfortable with that amount. I work part time, absolutely blessing, 2DC, no childcare costs, mortgage is £1600.

I think @MegaMinion34meant that they are close to taking home £100k a year net.

From an old fogey! Put more into your pension pot!!!

You currently have a great disposable income. You'll thank me later ;)

How old are your children? They tend to get more expensive as they get older - monthly allowances, driving lessons, university costs (rent etc). As long as the new job isn’t going to be detrimental to your family in other ways I would encourage him to go for it.

With regards to child benefit, nobody will ask you but if either one of you earns over £60k you need to pay a proportion
back via a self assessment tax return (though apparently there’s a new system for this starting in 2025). Once you hit £80k (either of you) you have to pay it all back/stop claiming - google high income child benefit charge and you can see how it impact you or will if he gets a higher paid job.

This is similar to me, but I can’t understand how you are getting benefits? We get none!

You work out having about the same income as us and were generally considered very privileged. Our joint income after tax and NI is 10,000, but we pay our own childcare costs due to exceeding the maximum earnings threshold so takes us down to about yours, with a higher mortgage. So I'd say more than enough?

You realise some people have £1600 for the entire month?

It is meaningless without context… area, outgoing, ambitions…

Same hours, same company, same commute, just different department. Very little impact, he may be able to wfh 1-2 days per week though.

If that’s net it’s 90k a year so nearly 3 times the national average. Therefore loads and everything should be more than manageable

What would the income be if you weren’t taking money from tax payers?

Mine are low I suppose I could up them. My work pays 10% so it’s 15% in total so I didn’t think it was TOO bad.

Not a lot less…cb is the only benefit we get…