£220,000 gross - what is net salary

[padronpepper]

Single person, no dependents.
What would net salary be - without pension deductions?

The £20k will be maxing their annual ISA allowance.

Exactly. Get a fucking grip! 🙄🙄🙄

I like the salary calculator website

I often use it to plug in dream salary details 😂

If people are happy to do the working out for OP, let them. You don’t have to. You have probably spent more time moaning about it than helping though. I have a feeling you only don’t like people you perceive as lazy when you think they’re well off. That comes from bitterness and jealousy. If not, you better get on all the threads asking questions which could be answered by google and tell the OPs off. 😂 How silly.

£128k take home from a gross of £220k. 42% tax/NI!

No I’m with @50Balesofgrey here. You could easily find out online but chose to ask the question here which seems a bit showy-offy to me.

it seems you are unable to process that my comment was not about the contents of your OP, but was about what I quoted. Please try and keep up.

It's impossible to answer. The person could be putting £60k into their pension, or even more if they paid in less during the last two years.

A lot of your comments on here OP have had a very rough tone - you need to re-calibrate & re-think. I found your post a bit goady.

When you mention a salary of that size on here it brings out the green eyed monsters

@Theroadt
So it would seem.

True. But depending on what that £300 a month is supposed to cover, it doesn't sound worth it to me!

But also we don't know how much fun stuff a partner is paying for...

I’m well into 6 figs myself, as is DH. 😂

I can actually do PAYE calcs and corporate tax calcs myself without an online calculator. No jealousy here. Just utter dismay for the current state of the human race.

Maybe people need to stop thinking everything is about them and remove the chip from their shoulder. Why should a random person, who may or may not be the person with this salary, evoke such reactions? It’s madness.

Saving and investing can become very addictive…

I’d say the anomaly in this breakdown is the massive pension contribution, which is tax efficient but yes ‘is it worth it’ given not accessible for so long.

You often find people on these kinds of salaries will be paid a lot of that sum in bonuses. So - OP might take home £6k a month (~£110k gross) and get a similar sized bonus and so it’s not really calculated into daily living expenses - so it’s all just redirected into savings etc.

Obviously, this is a choice, alongside the £300 spending money.

@AmIHumanOrAmIAYeti
A simple question has sent you into a spiral of despair about the current state of the human race? Such hyperbole..,

Regarding the pension contributions, whether these are crazy large does depend on how much employer contributions are. Over 20% of the value of my salary is going into my pension, but this is mostly being paid by my employer. If my employer made very small contributions, or I was self employed, I'd want to put a hefty whack in too.

I haven’t found OP to be goady or showing off? Or have I missed something? I’m one of the seemingly few people on MN who isn’t on a six figure income….just a comfortable seven.

That's an amazing salary! Are you really, really clever? Is your house mahoosive? I bet it smells really nice and has those really thick carpets. Is everything John Lewis? Do you ride? I'm so fascinated by how people who have loads of money live! 😁

I earn feck all but I make enough to feed me and DDog so we're ok.

I wish someone was brave enough to do a "I make tonnes of money AMA" I find it so interesting for some reason.

Gosh what a lot of money. You/your husband must be such a hard worker etc etc.
Although....it's definitely not enough to live on etc etc.
Yawn

The tax relief is far more of a factor than any employer contribution.

I also put in 60k pa via salary sacrifice so save income tax and NI. Currently that is 47% but has been as high as 62% when I was on a slightly lower salary.

If Labour change the tax free lump sum rules or introduce a flat rate tax relief on contributions then pension saving behaviour for higher earners will change dramatically.

Senior consulting roles, investment banks, industry leaders, lawyers, etc.

The moment you mention a very high salary, posters find reasons to be rude.

But you're putting EIGHTY THOUSAND POUNDS into your pension. That's more than twice as much as most people earn.

Plus you're saving TWENTY THOUSAND POUNDS on top so you're spending a huge amount of your earnings making future you rich beyond most people's wildest dreams so its fucking depressing if you expect anything other than a load of shit for complaining about how you have 'only' £300 for fun money each month.

As for the OP, you've done the virtual equivalent of asking 'Mum, where's my shoes' or 'Wife, what's for dinner' to a load of women who likely have decades of experience of doing other people's thinking for them, so you shouldn't be surprised you're getting snippy answers.

Exactly. It could be someone pleading poverty and not paying their fair share.

there is a strong correlation between monthly earnings and degree of stinginess! Lots of "tight as a duck's proverbial" in the high earning bracket, that's why they're well off 🤣.

Monthly Gross Income: £ 18,333.33**
jeez.