How much wedge do you earn?
16 July 2009, 04:08 PM
#121
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16 July 2009, 04:09 PM
#122
Life is all about choices and, as long as you are happy, then you've probably made the right ones predominantly. You can probably argue that I have sweeties job out of most people on Scoobynet: I can almost choose how much I earn and even at a bare minimum of 10 or so hours a week with lots of time off I can still take home more than someone on £30,000 a year. However, I miss out on a lot to live this way. I often don't leave the house for days at a time, can get quite bored and frustrated and have little human contact during the week days. However, I'm way happier than I was working for £28k pa as a Town Planner for a Local Authority.......so I guess I made the right choice 
16 July 2009, 04:10 PM
#123
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Because there is point where actually earning less from your employer means that you end up taking home more. For example (using random figures) if you earnt £40,000 (gross) but were taxed 40%, you would take home circa £24,000pa (net) however, if your earnt 38,000 (gross) but were taxed 20%, you would take home £30,400 (net).
16 July 2009, 04:12 PM
#125
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Because there is point where actually earning less from your employer means that you end up taking home more. For example (using random figures) if you earnt £40,000 (gross) but were taxed 40%, you would take home circa £24,000pa (net) however, if your earnt 38,000 (gross) but were taxed 20%, you would take home £30,400 (net).
16 July 2009, 04:12 PM
#126
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But you have to invariably add how awful it would be if you do something that may not be a choice for you - such as all the reasons you state that go with working for a company. They are very negative.
You make other poeple wrong for making their choices.
Buy a watch - damned by Mattee
Work for a company - damned by Mattee
Like ironic sex - damned by Mattee
See the pattern?
Anyway - all good that you have made great choices for you and you are clearly very happy with them which is great. We love hearing about them from you.
The only time it is right to damn someone else's choice is when they buy a 4WD 911
BTW - as you are writing off what I assume is personal property against your tax - have you told your local authority that you are using your home for commercial purposes as if could hit you with your rates. They always get you in the end
16 July 2009, 04:13 PM
#127
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Originally Posted by JamJay
if you earnt £40,000 (gross) but were taxed 40%, you would take home circa £24,000pa (net) however, if your earnt 38,000 (gross) but were taxed 20%, you would take home £30,400 (net).
You pay the tax rate for the bracket
If you earn £40Kpa and the high rate tax band starts at £38K, then you are taxed at 40% on £2K of that salary.
it is *always* worth earning more, even if you are well into the 40% bracket. no point in cutting off your nose to spite your face
Last edited by ChefDude; 16 July 2009 at 04:15 PM.
16 July 2009, 04:18 PM
#128
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Spooky - every authority that has to know, knows the situation fully. Not hidden anything from anyone.
Buying a watch is fine - buying an expensive watch is fine - but I don't get it.
Working for a company is fine - just done it and prefer not to.
Ironic sex IS wrong though.
Buying a watch is fine - buying an expensive watch is fine - but I don't get it.
Working for a company is fine - just done it and prefer not to.
Ironic sex IS wrong though.
16 July 2009, 04:24 PM
#129
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Spooky - every authority that has to know, knows the situation fully. Not hidden anything from anyone.
Buying a watch is fine - buying an expensive watch is fine - but I don't get it.
Working for a company is fine - just done it and prefer not to.
Ironic sex IS wrong though.
Buying a watch is fine - buying an expensive watch is fine - but I don't get it.
Working for a company is fine - just done it and prefer not to.
Ironic sex IS wrong though.
Generally, a more expensive car is more exciting, gets you places quicker and is damn nice to look at. A £20,000+ on a watch that doesn't even speed up time? What's the point?
16 July 2009, 05:05 PM
#131
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Because there is point where actually earning less from your employer means that you end up taking home more. For example (using random figures) if you earnt £40,000 (gross) but were taxed 40%, you would take home circa £24,000pa (net) however, if your earnt 38,000 (gross) but were taxed 20%, you would take home £30,400 (net).
£38,000 gross = £28,024.85 net
£40,000 gross = £29,404.85 net
So a £2k pay rise gets you £1380 extra in your pocket.
16 July 2009, 06:58 PM
#132
Depends what your outgoings are.
Even wehn at my old job I was on about £21k, which in a warehouse as a skivvy (in the poor north ) is a decent wage. Mrs was/is on min wage, and we were very comfortable with a scoob to pay for and a mortgage, full set of bills.
Some folk need a reality check if they can't accomodate their lifestyles to suggest they couldn't live off £23k a year
(Oh plus bonus )
Even wehn at my old job I was on about £21k, which in a warehouse as a skivvy (in the poor north
) is a decent wage. Mrs was/is on min wage, and we were very comfortable with a scoob to pay for and a mortgage, full set of bills.Some folk need a reality check if they can't accomodate their lifestyles to suggest they couldn't live off £23k a year
(Oh plus bonus )
16 July 2009, 07:03 PM
#133
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I can see how you can live on a certain amount as thats what you are used to but you adjust to what you have, your house is appropriate to your income and usually a bigger salary means a bigger house and bigger bills so its not so easy to adjust, adjusting to more money is easy, the other way, very difficult but sometimes you have to and be realistic about what you need, always annoys me when someone divorces a rich partner and cant live on 200k a year.
16 July 2009, 07:14 PM
#135
Er, dont think I have ever belittled anyone for earning under 40 grand a year, why would I as its a very good wage, i think you may have me confused with someone else or mis-interpreted something I said in jest.
16 July 2009, 07:25 PM
#137
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Try again.
16 July 2009, 07:33 PM
#138
I just dont like to think I have offended anyone as it gets on my **** when others do it.
16 July 2009, 08:00 PM
#139
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Don't be daft Jacko, you're one of the funnier guys on here. I don't think you have ever personally offended me, and if you did, I would no doubt discuss it via pm with you instead of on here.Stop being silly, some people enjoy offending others, then calling it "wit and tact", or "their own opinion"
17 July 2009, 09:48 AM
#140
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Ohhhh I see, I was wrong then. I haven't stepped over this bracket yet so a little clueless.
Makes me feel a bit better that'll i'll be better in pocket at least, thanks
Last edited by JamJay; 17 July 2009 at 09:57 AM. Reason: w@nk spelling
17 July 2009, 10:00 AM
#142
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Im a contractor, and have been contracting for over 14 years. Earnings have been in all mentioned scales, but the more you earn, the more you seem to spend !
My current contract isnt the most Ive ever earnt, but Im not working the crazy amount of hours I did when I was on double the top 1% figure, but Im enjoying life more and are far more relaxed. I was a stessed out, miserable, snappy f**ker, that did nothing but work / sleep. This lasted four years and at the end I had to take a year off to get back to normal.
There definately is a work / life balance, and having a new baby, working longs hours isnt for me ! I enjoy 5pm - 6pm on the baby mat, with my son, playing with blocks, teddies and watching Eggbirds on the children's channel ! His smile is far more warming / satisflying than when I used to submitt huge invoices at the end of the month. :-)
Moments like those are priceless.
SBK
My current contract isnt the most Ive ever earnt, but Im not working the crazy amount of hours I did when I was on double the top 1% figure, but Im enjoying life more and are far more relaxed. I was a stessed out, miserable, snappy f**ker, that did nothing but work / sleep. This lasted four years and at the end I had to take a year off to get back to normal.
There definately is a work / life balance, and having a new baby, working longs hours isnt for me ! I enjoy 5pm - 6pm on the baby mat, with my son, playing with blocks, teddies and watching Eggbirds on the children's channel ! His smile is far more warming / satisflying than when I used to submitt huge invoices at the end of the month. :-)
Moments like those are priceless.
SBK
Last edited by Simon K; 17 July 2009 at 10:02 AM.
17 July 2009, 03:43 PM
#145
Not wanting to read the whole thread again, what the hell is Ironic sex?
And to really start annoying people if you live within the M25 (in the nicer bits, not the ****hole areas in the Eastern parts) then I dont know how you can survive on less than £100k ;-)
I do love the conservative twit when he says £250k is 'chicken feed'..... typical of some of those hooray henry, inheritance made me my money..... people
And to really start annoying people if you live within the M25 (in the nicer bits, not the ****hole areas in the Eastern parts) then I dont know how you can survive on less than £100k ;-)
I do love the conservative twit when he says £250k is 'chicken feed'..... typical of some of those hooray henry, inheritance made me my money..... people
17 July 2009, 05:32 PM
#150
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When we first moved into our home we had one income and a baby due in 6 months. 9 year ago, my income was £11K. It was only the relationship we had with the local C&G that got us our mortgage. He knew we had fiddled the figures and we knew he knew but he let us have it anyway.
Like 32K isn't possible to live on. FFS
A better question would be what is your monthly or weekly spending money once all your outgoings are paid for (not including regular savings). I know someone who year on year earns £120K plus but has never got a tenner in their pocket.
I know another person whose household income is around £32K and their outgoings for the year are closer to £50K - proper car crash finances that one and I'm not exagerating!
Last edited by EddScott; 17 July 2009 at 05:34 PM.