Salary £27K on 22 hours

[bananasinabowl]

I am going back to work after maternity on £27K on 22 hours. I used to do 26 hours but need childcare so needed to reduce it. If I did full time, I’d be on £45K (never worked full time in this role).

Is this low for 22 hours or is it okay?

Depends on your lifestyle and where you live really but I’d consider that good.

I guess it depends what your job is?

I earn £27.5k working 37.5 hours a week so I’d say it’s great 😂

Well it's £23 ph so well above minimum wage. It works out the same if you did 37 hours at £45,000 so is pro rata with that salary. I guess it depends if you think £45,000 pa FT is a decent salary for the role you do? I mean it's more than I earn but then I am badly paid haha (creative industry).

Sounds about right, proportionally, for the £45k full time equivalent.

What’s the job?

My FTE is £45,000. I work 21 hours a week. My salary is on the low side for a solicitor of my experience but I’ve chosen to do a support role rather than fee earning which does pay less.

I am an Auditor.

I really don’t understand what you are asking. Do you know what is the benchmark salary for your job in your industry?

Unless you provide this information we can’t advise if it’s ok. For example if you are a Finance Director for a FTSE 250 company and your FTE is £45k then no, it’s not a great salary for the level of responsibility. It depends on your position, level of responsibility and experience.

I mean I get 28k for 22 hours 9 months the year term time only

DBIL gets 28k for 40 hour weeks including night shifts

I'd say its good!

I’m an auditor too OP. I suppose if that’s the norm for your particular role, it’s fine.

I’d rather have much less stress and to work my contracted hours than earn more. We can afford it as a family.

If you’re an audit RI in London it’s really low and need to leave! If you’re a supervisor or manager in the regions it’s probably ok depending where and your experience and firm size. There are various salary surveys you can download. Audit salary is pretty standardised so it’s easy to check.
Just be careful not to go too much over your hours!

Depends on your outgoings and your lifestyle. If you're happy to have managed to get reduced hours that's OK. If you don't think you earn enough for your role look for something else. Why does it matter what anyone else's opinion is?

This is a very simple maths calculation. If you can’t do it, I’m surprised you are in a role that would pay 45k full time.

Are you a financial auditor? If you work with numbers I'd assume you have at least a working knowledge of personal finance and would know that there's not really such a thing as. "low" salary per se as it depends on your personal outgoings

What are you expecting from your question?

If you’re an auditor then you should be able to easily calculate that £27k for 22 hours is just slightly more than proportionate to the full time equivalent of £45k for 37 hours. So in that sense it’s completely fair.

£45k is above national average salary so in that sense it’s good. You could probably earn more as an auditor depending on your experience.

I am not a financial auditor, I am a scientific auditor. I don’t know why I’m asking, probably to make myself feel better that I losing £3K a year 😭

That would depend on industry also surely. Financial, pharmaceutical etc
if you think you are adequately compensated then that’s all that matters.

@Shr3dding I can’t imagine any sort of auditing that doesn’t require an average knowledge of numbers. I have to check figures on the property transaction files I audit.

But you’re gaining more time and the trade off is money! Surely you don’t expect to be paid the same for working less.

Also after tax etc it’s likely to be less than £200 per month less. Up to you to decide whether it’s worth it in your personal circumstances.

I am not asking so people can work it out for me. I know the numbers.
I am asking if it’s decent wage for a part time employee…

No of course not.. I’m just sad of the £3K loss I suppose.

There’s no such thing as decent for part time. It’s the same as decent for full time.
If you think £45k is “decent” pay for your job on a full time basis then there’s your answer.

@bananasinabowl - your question doesn’t make sense to me.
How many hours is considered full-time in your field? Then work out whether your 22h salary is correct. Your take home maybe more than the pro-rata equivalent due to marginal tax rates.
Whether you can afford to live on your 22h salary is only something you (with your DP) can answer.

This makes no sense, if you think 45k is decent for full time, you automatically think 27k is decent for the equivalent part time hours.
Obviously 27k for 22 hours a week is a good salary.
It would benefit you more to ask how people adjusted, what their work life balance is like, was it worth it etc.

Yeh that question doesn't really make sense does it? The rate of pay is good – it's well above the national average, both mean and median. Whether it's enough or not is only something you and your partner can answer, based on outgoings and other income. IDK how it measures up against usual salary for your role but for someone working 22 hours, it’s a good salary, Ofc it’s significantly less than FT salary - but then you are working three days not five.

Maybe you could explain how you're defining decent