To think it’s crazy that National Minimum wage is £27k

[Butterflyfluff]

Yet it’s not really enough to live on 😢

My first job paid £7.5k per year and I thought I was loaded! And I’m not ancient.

Now 2 people on NMW earn over £50k between them yet it’s really not enough these days.

Yeah they seem to have missed that it was a tongue in check response.
My poor DP is now getting accused of taking evasion. Expecting a visit from HMRC soon lol.

Not all pensioners my 84 year old dad has thousands in his bank account he retired at 54 he has a very good income.

Yes, and not all people live off minimum wage.

Ok, you pay it then tell me differently? 🤨

You’re gonna have a ridiculous amount of notifications for the next couple of days. More if someone randomly revives the thread too 😂 HMRC are going to be the least of your worries

If you didn't have the debt then 80k would be a fantastic wage. Were some of the debts through choice?

I fully reject the idea that “full time” is now 40 hours a week - since when? I do 37.5 and DH does 36 and we’re both full time!

£27k I wish... I'm a TA and my annual salary is £19500

All the pensioners I know are absolutely rolling in it. Hundreds of thousands released from downsizing a house they bought for peanuts in the late 90s, final salary pensions. They’re living the god damn dream.

I was agreeing with you it isnt posdible on the figures the pp posted .

I recently got a new role, so I now earn £29k a year and DH earns £25k a year, so in fairness we now earn £54k between us. One of our children has significant SEN so we both work part-time to juggle things. We are in an area of the country with quite a low sessional rate for GPs. As I said, we do have some erratic, unreliable self-employed income too, but we cannot rely on it and we don't use it for living expenses - it gets saved if and when it comes in. I fully accept that we are not on the breadline, but we manage to pay all our bills very comfortably on our employed income. I have colleagues who earn far more than us who are feeling stretched, and it's almost always due to lifestyle creep - four foreign holidays a year, a five bedroom detached house, two luxury cars, etc.

No pensioner I know has less than 3 holidays a year. I don’t know anyone wealthy, it’s just that pensioners have no housing costs, and guaranteed income from the state to top up their private pensions.

Some pensioners might be poor, but not most. They also have no mortgage or rent to pay which right now would be more than half of the minimum wage someone earns (if they’re buying a house now).

It's fine if you don't have kids. Just rent a one bed and split the bills.

You are at work for 40 hours though? If you don't get paid for lunch etc, then it is 37.5 hours.

When I become a pensioner, I will still have a significant mortgage - so I see a time when pensioners become much much poorer!

Of course but your the one that generalised about pensioners .

Bit of a bleak existence though isn’t it? Life is also for living

But the £27k is based of working 40 hours. Many offices have decided a standard day is 9-5:30 or even 9-6 in some cases

Pro rata. How many hours a year do you work?
This is based on an hourly rate. 40hr a week, 52 weeks a year.

I've thought about UC top ups a lot and I realise it's basically a taxpayer getting their own money back right?

Let's cut the taxes for those on or near NMW!

Outside of housing costs we spend £21.5k a year on everything for two adults. That is one foreign holidays a year, meals out and occasional weekend away. I don't know how some people spend so much.

Do you not pay a mortgage or rent?

Then get a job that pays more. Work towards improving your situation.

My parents paid rent on their council house and never went on holiday. I know a lot of retired people and many have cheap UK holidays but few have any foreign holidays

I guess it depends if you are on salary or wage.