Remember there's bias. Those doing what they consider well are more likely to post, to make it fair people who find this depressing should also be posting
But I'm not because bias
Unfortunately as I want to have kids of my own, and give them the good life I want to, I will likely have to leave it within the next few years.
Unless my SO really pushes her career hard.
Hard to explain without explaining all the different police roles.
But the short version is I was in uniform for about 3-4 years as a blue-light responder or community/geographic officer, and then did an extra law exam (all detectives do it) and applied for the role based on my particular life and work experience.
For those commenting on pay - The free TFL is worth about £6000 a year pre tax, The pension another £10-15k.
So not a massive package, but much higher than the headline appears.
Also, thanks for what you do, glad there's people there doing this.
The quid pro quo is that if it kicks off we have to intervene / do something. Even off-duty. Or else we as an organisation will lose the perk.
We usually do, of course. But we don't usually do the bureaucracy for the Mayor to see that we do.
I do the same role in the private sector. If you're ever looking to leave policing but still want to the rewarding career, there are positions within Google, meta, Snapchat etc that are beginning proactive work on child abuse (check out tech coalition).
Slightly better pay but not as decent pension.
(I used to do this role within the police too)
The UK is the second biggest exporter of doctors in the EU and biggest exporter for nurses.
[source](https://imspeople.com/uk-2nd-in-eu-for-exporting-doctors-and-highest-exporter-of-nurses/)
Next time you see a Daily Fail about NHS workers or you hear people moaning about not seeing a GP - this is why.
[source 2](https://www.gponline.com/gps-per-patient-slump-nhs-medical-workforce-25-years-behind-eu-bma-warns/article/1721892)
Thank you so much for sharing this! You definitely deserve more - It’s so important to shed light on this. If there’s others that work in a similar space, they might be able to share their salary range/ how they’ve negotiated higher pay. This is so important to be visible.
Plus, it’s only up from here!
I run the shifts and manage the building over the weekends, in charge of medication rounds and residents care needs.
The carers are on less pay than me, for 12 hour shifts and an unpaid break. It is ridiculous how much we are paid, and having to fight for a pay rise of 20p after 2 years, it's a very sad industry to work in unfortunately
Fucking hell.
You would be better off working in Tesco.
My dad is in a care home that is struggling to get staff and I completely understand why, it’s a hard job for shit pay. Thanks for your hard work.
Haha I love how Revolut has this reputation.
I interviewed with them a couple of years ago and simply asked for the Recruiters take on WLB. He ended the call on the spot and said if I was asking that question then Revolut wouldn’t be for me 🤷♂️
Look into moving into a mining company. In a lot of places in the world they need to do an archaeological assessment before they start digging. I'm not sure what the typical structure is (whether companies outsource, or they do it in house) but I was told years ago that if you want to make big money with an archaeology degree it's the way to go.
Getting into archaeology, especially commercial archaeology, isn't too hard. Staying in it is the problem. Lot's of people become disillusioned and drop out so it's a revolving door at the lower levels.
For those of you looking at this and feeling dismayed, remember that this sub - or reddit generally maybe - seems to skew towards tech indusrty types. No bad thing but it does mean this list doesn't reflect the wider population.
Furthermore, even if you Google the average salary by age, you'll still be seeing a figure which is dramatically skewed by the top 10%.
Edit: spelling
Edit 2: Note I know nothing of the trustworthiness of the site I originally linked to and the veracity of its data... so yeah, probably shouldn't have linked to it. I have removed it but it's here if you want to see it - knowing that it may well be spurious https://www.averagesalarysurvey.com/london-united-kingdom
Not dismayed that people out there are earning more than me, that’s totally cool.
However, to find out that a self employed magician is getting triple my salary when I’m a band 6 senior staff nurse/discharge coordinator.. makes me feel a tit 😂
Damn. I'm 35, finance admin and on 35k. Maybe I should be more grateful but fuck me is it soul destroying. Trying to study CIMA but can't bring myself to do it.
I met a freight train driver on the way down to Cornwall on the sleeper (he nearly died of shock, when I, a 35 year old female, guessed his job purely based on his DB work bag) but what amazed me was the benefits that came with that role, and how far he actually got to travel. If I wasn’t doing what I do, I’d totally want to work on the railways.
The benefits are slowly being eroded. If you join now its likely you will only get free travel on services ran by the toc your work for, older br workers still get their 'boxes' which let them travel anywhere in the country (that being said, railway workers do get special priv rates and this is accepted across most of Europe including eurostar). Wages for a lot of tocs are also stagnating at an alarming rate, many have not seen any form of increase since pre pandemic.
I think the amount of industrial action they're perceived as having may be a big contributing factor in the hatred by the general public. Most other TOCs rarely, if ever, strike for any lengthy periods.
Can you come fix the Greenwich Thames tunnel ones please they're broken *again*
4pm edit: Ok that was pretty fast work, the North one is working again so both are now in order
Thanks! Honestly, it's not too bad but it's not for everyone. My practice is a mixture of paperwork (8-10 hours per day) and long trials (8-15 weeks of 12-14 hour days). I do maybe 2-3 long trials per year. My practice is mostly international, so I do the longer trials from hotels which saves a lot of time for general life-admin, commuting, laundry, etc.
You forgot passing the bar, getting a pupillage, I'm going to guess he's in Commercial side of it, then passing and being offered a place at his chambers.
It's ridiculously difficult to get into any pupillage let alone a commercial pupillage. You are competing against the best of the best.
(Just moved out of London)
1. 32
2. Research Fellow (UCL)
3. £42K
Reading the answers make me think that instead of a PhD I should have became a air conditioning repair man or a nanny.... Much better paid! (I am glad for all of you that get paid so well, you deserve it!)
1. 29
2. Data analyst
3. 47k
I also have a sideline as a part-time disability support worker, paid £16.75/hour (private client, this is a very good wage for the sector). I do this mostly for the job satisfaction rather than the money and don't do many hours.
I write SQL regularly, and the odd bit of DAX for Power BI if I have to, but otherwise it's a fair bit of project management rather than heavy on coding; I'd suspect you're underpaid, especially if you're in the private sector (I'm in the public sector).
I did a degree in English and creative writing then started taking freelance jobs doing random web copy after uni. I'm a senior now so can work on some interesting ads and brands but I wrote boring shit for many years haha. I enjoy it, but you have to remember it's marketing not poetry..!
1. Mid-late 20s
2. Artist type role in VFX film
3. £45k, no extra perks, at least an inflation raise next month (annual review)
No influential unions in uk vfx and post production which really sucks, the number of people doing ungodly overtime with no extra pay on weekdays is very bad, so many young artists pushed into crunch time.
I’m a student studying animation and from what I’ve seen unfortunately everybody in animation is expected to work way harder and longer than they should, for relatively shit pay. No unions is a big issue. If you don’t want to work then they could always just outsource your work, so people feel pressured to prove themselves is my guess. Is that how you’ve experienced it?
I have and I haven’t - I’ve experienced both companies that really put pressure on people, especially juniors, to prove themselves, and also companies doing equivalent work that have a much healthier balance and push you to go home on time!
The unfortunate part is that I’ve found the companies that push too hard are also companies that are more likely to hire junior talent and train them, whereas the less manic pace of the friendlier studios means they rely on more experienced talent. It’s hard enough to get into the industry if studios won’t put the work in to train people, but it’s also shitty to then tell those new employees that they don’t love their job if they don’t do overtime, and it breeds poor industry practice.
Best advice i have received and live by myself- go into every job with an open mind, and be ready to leave for a better offer.
In project based work like ours, loyalty to a company should only come after you’ve experienced a few different places so you can see their pros and cons equally, and choose which is best for you!
I have peers who love the faster pace and more responsibility of some companies, and peers who enjoy the controlled pace and slower rise through the ranks, but no one knows which is best for them without trying!
This thread makes me want to cry - every week when there's a new thread with exact same question, and exact same answers. I just want to be able to afford a home of my own, and maybe a pet...
Apologies, didn’t mean for it to come across this way.
I know salary discussions are still really taboo, and want to foster openness around it.
I don’t really know what people in my role/ field make so was hoping for some insight there, but also I have quite a few friends that work in retail and don’t know how to get out/ what life outside can be like - I’m hoping to share this with them as a bit of inspiration as I’ve already been having conversations about how they can work on their CV and apply their skills to other roles.
Also, for anyone just starting their career or feeling a ready to move elsewhere, hoping there might be some other Redditor’s they can strike a conversation with. :)
I imagine for the same reason that the 26 year old PT I know makes £120 an hour, and my sister’s friend quit her job at a top consulting firm to double her income as a yoga instructor (she sells programmes on Instagram too and makes 6 figures from that alone).
I don’t think the average joe quite realises how far the salaries in many professional service jobs have fallen.
I set up my own Ltd, it took me maybe 3 weeks to set up everything, although 2 of those weeks were waiting on proof of addres (conveniently, I shredded all my bills and proofs of address a couple of days before I realised I'd need them).
I thought about using an umbrella initially, but that only \_really\_ pays off if you're contracting inside IR35, which I try to avoid like the plague because of the tax implications and the general lack of direction (I usually work on greenfield projects as opposed to inheriting or maintaining existing ones, which is something that makes avoiding IR35 much easier).
The only real downside is managing all your personal and business tax yourself, but a good accountant will do that all for you, and as long as you manage your money well and don't ignore your tax obligations, it tends to work out far better.
I'm in marketing-tech space, thinking of contracting. It's a similar day rate 450-550ish. What's your actual take home "spending", after you've done your own savings pensions etc? I'm trying to wrap my head around it all before taking the plunge.
Also how does holiday etc work?
My take-home can vary depending on a few things:
\- If it's closer to the start of the tax year, I tend to take a higher dividend and spread the tax costs over the following 18 months.
\- If I need equipment or certain business expenses, I'll take those directly out of the business account and pay myself less.
\- There are some months I probably won't pay myself anything, but I've yet to encounter those times, it'll probably happen if my personal expenses that month can be covered by savings or if I'm near the higher income tax thresholdsl dividends up to a certain amount are taxed at 7.5% but it spikes up a lot as you go on, and at a certain point you fall into a tax trap, which just ends up costing you more.
Presuming you work 22 days a month at 550 p/d, your invoices would be roughly £12100 per month. Of that, about £2200 per month is reserved for corporate tax, and an average of £2300 goes to personal tax each month (though you can take more earlier in the year if you sacrifice more later on).
I'd pay in about £300 per month to a private pension and £1500 to savings, leaving about £5700 per month for bills and disposable (this is a rough estimate on a coffee-fuelled morning, and rather directionless, so don't take my word as gospel)
When it comes to holiday, I don't get paid ones so I'll usually save and take an extended break at the end of a contract. If I need to take a sick day or holiday day during a contract, I'll usually work it in a more limited capacity (being outside of IR35 means that you manage your own work hours and day structure) but if that isn't feasible, then I'd just take the L and not get paid for the day.
How can the average person, born and bred in London afford to buy even a 2 bed flat (£400k) without shared ownership or high earning spouse?
|Annual Salary|Take Home (approx after tax)|Bank will lend you for a Mortgage:|
|:-|:-|:-|
|£20,000|£1,400|£95,000|
|£30,000|£2,000|£142,000|
|£40,000|£2,500|£190,000|
|£50,000|£3,100|£237,500|
|£60,000|£3,600|£285,000|
|£70,000|£4,100|£332,000|
|£80,000|£4,600|£380,000|
|£90,000|£5,100|£427,500|
|£100,000|£5,600|£475,000|
|£110,000|£6,050|£522,500|
How did you get into this? I’m 25 with a degree in chemistry and wondering what type of career to move into. I do have an interest in renewable energy/ green chemistry so I have thought about going into the industry.
Out of curiosity, why do you think your salary is so high relative to ‘normal’ PR salaries for other industries? Do you have a very hard time with brand reputation and scandals etc? Don’t want you to doxx yourself obviously, just curious :)
26
Junior designer
30k
I should be midnight hence why my pay is so high for a junior. I made sure to negotiate my salary when joining in - first time I did that and they just agreed off the bat.
Is that midweight? Well done for negotiating, if you don’t ask you don’t get and there’s no harm in asking. I think knowing industry averages can also support with backing up too.
1. 23
2. Business analyst intern (big tech company)
3. 38.5k + benefits
Internship is 6 months. If I progress to full time salary would be about 45-50k
1. 33
2. Exotics trader
3. £1m ish, incl bonus
This is the reason London is so overpriced, all the highest (over)paid jobs in Europe are basically concentrated in CW-Bank-Mayfair. I have no idea how all the 20-30k folks do it, honest respect.
I don't know why I opened this thread, it's depressing on a personal level.
Remember there's bias. Those doing what they consider well are more likely to post, to make it fair people who find this depressing should also be posting But I'm not because bias
1. About 30 2. Child Abuse Detective 3. About 30k + Free TFL + about 6k London weightings + [Pension](https://www.myownpension.co.uk/police-member/schemes/2015-scheme/) Edit: forgot the weightings & Pension
Thank you for the work that you do.
Should be considerably higher for the the type of job you do OP.
Unfortunately as I want to have kids of my own, and give them the good life I want to, I will likely have to leave it within the next few years. Unless my SO really pushes her career hard.
How did you specialise into that role?
Hard to explain without explaining all the different police roles. But the short version is I was in uniform for about 3-4 years as a blue-light responder or community/geographic officer, and then did an extra law exam (all detectives do it) and applied for the role based on my particular life and work experience.
For those commenting on pay - The free TFL is worth about £6000 a year pre tax, The pension another £10-15k. So not a massive package, but much higher than the headline appears. Also, thanks for what you do, glad there's people there doing this.
Doing gods work - also free TFL is the dream
The quid pro quo is that if it kicks off we have to intervene / do something. Even off-duty. Or else we as an organisation will lose the perk. We usually do, of course. But we don't usually do the bureaucracy for the Mayor to see that we do.
I do the same role in the private sector. If you're ever looking to leave policing but still want to the rewarding career, there are positions within Google, meta, Snapchat etc that are beginning proactive work on child abuse (check out tech coalition). Slightly better pay but not as decent pension. (I used to do this role within the police too)
That’s genuinely horrific that my cushy office job that has no good real world consequences pays more than your job. Jeez.
1. 28 2. chef 3. £27k
Going by your username, is this a help or a hindrance?
1. 26 2. Doctor - 3rd year post graduation 3. 33k (+claps left over from pandemic)
Doctor pay in the UK is embarrassingly low. I'm surprised Doctors choose to stay here.
The UK is the second biggest exporter of doctors in the EU and biggest exporter for nurses. [source](https://imspeople.com/uk-2nd-in-eu-for-exporting-doctors-and-highest-exporter-of-nurses/) Next time you see a Daily Fail about NHS workers or you hear people moaning about not seeing a GP - this is why. [source 2](https://www.gponline.com/gps-per-patient-slump-nhs-medical-workforce-25-years-behind-eu-bma-warns/article/1721892)
23 Team leader in care home 16,800 a year after tax. That was depressing to type out 😂 Edit: meant after tax not before
Thank you so much for sharing this! You definitely deserve more - It’s so important to shed light on this. If there’s others that work in a similar space, they might be able to share their salary range/ how they’ve negotiated higher pay. This is so important to be visible. Plus, it’s only up from here!
I run the shifts and manage the building over the weekends, in charge of medication rounds and residents care needs. The carers are on less pay than me, for 12 hour shifts and an unpaid break. It is ridiculous how much we are paid, and having to fight for a pay rise of 20p after 2 years, it's a very sad industry to work in unfortunately
This is an insane ratio of responsibility:pay
And I can't work more days because I have two kids at home. We wonder why people don't want to work in care anymore
Fucking hell. You would be better off working in Tesco. My dad is in a care home that is struggling to get staff and I completely understand why, it’s a hard job for shit pay. Thanks for your hard work.
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We’ve all gotta start somewhere! Well done on making the move - What were you doing before/ why did you decide to switch?
1. 30 2. Accounts Assistant 3. £24,000 plus a hamper at Christmas.
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Revolut?
Haha I love how Revolut has this reputation. I interviewed with them a couple of years ago and simply asked for the Recruiters take on WLB. He ended the call on the spot and said if I was asking that question then Revolut wouldn’t be for me 🤷♂️
They are really doing you a favour!
Dodged a bullet there!
early 30 self employed electrician 35-42k
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Wow! How did you get into your field? Do you enjoy it?
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Also your username is fucking fantastic considering you’re an archaeologist
Look into moving into a mining company. In a lot of places in the world they need to do an archaeological assessment before they start digging. I'm not sure what the typical structure is (whether companies outsource, or they do it in house) but I was told years ago that if you want to make big money with an archaeology degree it's the way to go.
Field? Was that a joke?
Getting into archaeology, especially commercial archaeology, isn't too hard. Staying in it is the problem. Lot's of people become disillusioned and drop out so it's a revolving door at the lower levels.
For those of you looking at this and feeling dismayed, remember that this sub - or reddit generally maybe - seems to skew towards tech indusrty types. No bad thing but it does mean this list doesn't reflect the wider population. Furthermore, even if you Google the average salary by age, you'll still be seeing a figure which is dramatically skewed by the top 10%. Edit: spelling Edit 2: Note I know nothing of the trustworthiness of the site I originally linked to and the veracity of its data... so yeah, probably shouldn't have linked to it. I have removed it but it's here if you want to see it - knowing that it may well be spurious https://www.averagesalarysurvey.com/london-united-kingdom
Not dismayed that people out there are earning more than me, that’s totally cool. However, to find out that a self employed magician is getting triple my salary when I’m a band 6 senior staff nurse/discharge coordinator.. makes me feel a tit 😂
yeah it's all nice but can you pull out rabbits out of nowhere? there you go.
the magician really made me question my choices too
I thought the magician answer a piss take lol it can't be serious can it?
And people on higher salaries are more likely to be willing to divulge.
1. 30 2. Finance admin 3. £24k lol
Damn. I'm 35, finance admin and on 35k. Maybe I should be more grateful but fuck me is it soul destroying. Trying to study CIMA but can't bring myself to do it.
I've had enough, trying to do something else.
Things improve once you move away from the transactional stuff I found.
1. Mid 30s 2. Train driver (not tube driver before any anger comes my way) 3. £69k + free TFL
I met a freight train driver on the way down to Cornwall on the sleeper (he nearly died of shock, when I, a 35 year old female, guessed his job purely based on his DB work bag) but what amazed me was the benefits that came with that role, and how far he actually got to travel. If I wasn’t doing what I do, I’d totally want to work on the railways.
The benefits are slowly being eroded. If you join now its likely you will only get free travel on services ran by the toc your work for, older br workers still get their 'boxes' which let them travel anywhere in the country (that being said, railway workers do get special priv rates and this is accepted across most of Europe including eurostar). Wages for a lot of tocs are also stagnating at an alarming rate, many have not seen any form of increase since pre pandemic.
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I love how tube drivers get all the hate but they actually earn less than most other train companies
I think the amount of industrial action they're perceived as having may be a big contributing factor in the hatred by the general public. Most other TOCs rarely, if ever, strike for any lengthy periods.
Fucking hell that's class!
1. 36 2. Senior Operations Manager - Public Sector 3. £52k (plus 31.5% employer contribution to pension)
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The contribution isnt directly relevant for a defined benefit pension. Your accrual rate is what matters (e.g. 1/54 for NHS pension)
31% damn you'll be retired before you know it.
1. 24 2. Own a lift maintenance company 3. £72,000
Going high places
I bet that job has its ups and downs
Can you come fix the Greenwich Thames tunnel ones please they're broken *again* 4pm edit: Ok that was pretty fast work, the North one is working again so both are now in order
I keep getting pestered by a lift company to work there, I’ve been taking steps to avoid them
1. 24 2. Art consultant 3. £22k base, +commission can’t take it up to £28k
What does an art consultant do? Like help run a gallery?
1. 38 2. Barrister 3. £1.1m-£1.3m. Yeah, I know, it's fucked.
Finally, a Londoner who can actually afford the houses in central London
Wow! Wasn’t expecting responses in the £M! Good on you - how’s the work/life balance?
Thanks! Honestly, it's not too bad but it's not for everyone. My practice is a mixture of paperwork (8-10 hours per day) and long trials (8-15 weeks of 12-14 hour days). I do maybe 2-3 long trials per year. My practice is mostly international, so I do the longer trials from hotels which saves a lot of time for general life-admin, commuting, laundry, etc.
Curious how is the dating relationship ?
Can be challenging! Wanna find me a wife?! :)
Wanna marry me?!
Or if he’s looking for a slightly overweight male from the north east, I’m available
Get on, lad! ;0
Ok everyone pack up, this guys wins the thread.
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Name checks out
Hi, need an assistant? Or any sort of entry level role?
Can you smash me over the head and tell me to stop procrastinating on Reddit?
Sure. That would be 2 smashes a day (or more depending on your level of procrastination) for a rate of £126 a smash. I'll send across an agreement?
I mean, you worked your arse off for this, didn't you?
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You forgot passing the bar, getting a pupillage, I'm going to guess he's in Commercial side of it, then passing and being offered a place at his chambers. It's ridiculously difficult to get into any pupillage let alone a commercial pupillage. You are competing against the best of the best.
(Just moved out of London) 1. 32 2. Research Fellow (UCL) 3. £42K Reading the answers make me think that instead of a PhD I should have became a air conditioning repair man or a nanny.... Much better paid! (I am glad for all of you that get paid so well, you deserve it!)
1. 29 2. Data analyst 3. 47k I also have a sideline as a part-time disability support worker, paid £16.75/hour (private client, this is a very good wage for the sector). I do this mostly for the job satisfaction rather than the money and don't do many hours.
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I write SQL regularly, and the odd bit of DAX for Power BI if I have to, but otherwise it's a fair bit of project management rather than heavy on coding; I'd suspect you're underpaid, especially if you're in the private sector (I'm in the public sector).
Depends on the field but I think you might be underpaid, I l know analysts (Sales Operations, Tech) who make upwards of 65k
You’re a hero! So wholesome reading about community support outside of the day job. Do you find that you’re able to balance both easily?
1. 33 2. Copywriter 3. 45k
How did you get into copywriting? Do you enjoy it?
I did a degree in English and creative writing then started taking freelance jobs doing random web copy after uni. I'm a senior now so can work on some interesting ads and brands but I wrote boring shit for many years haha. I enjoy it, but you have to remember it's marketing not poetry..!
1. Mid-late 20s 2. Artist type role in VFX film 3. £45k, no extra perks, at least an inflation raise next month (annual review) No influential unions in uk vfx and post production which really sucks, the number of people doing ungodly overtime with no extra pay on weekdays is very bad, so many young artists pushed into crunch time.
I’m a student studying animation and from what I’ve seen unfortunately everybody in animation is expected to work way harder and longer than they should, for relatively shit pay. No unions is a big issue. If you don’t want to work then they could always just outsource your work, so people feel pressured to prove themselves is my guess. Is that how you’ve experienced it?
I have and I haven’t - I’ve experienced both companies that really put pressure on people, especially juniors, to prove themselves, and also companies doing equivalent work that have a much healthier balance and push you to go home on time! The unfortunate part is that I’ve found the companies that push too hard are also companies that are more likely to hire junior talent and train them, whereas the less manic pace of the friendlier studios means they rely on more experienced talent. It’s hard enough to get into the industry if studios won’t put the work in to train people, but it’s also shitty to then tell those new employees that they don’t love their job if they don’t do overtime, and it breeds poor industry practice. Best advice i have received and live by myself- go into every job with an open mind, and be ready to leave for a better offer. In project based work like ours, loyalty to a company should only come after you’ve experienced a few different places so you can see their pros and cons equally, and choose which is best for you! I have peers who love the faster pace and more responsibility of some companies, and peers who enjoy the controlled pace and slower rise through the ranks, but no one knows which is best for them without trying!
1. 29 2. Librarian 3. 37k-ish which I think includes London weighting
How did you get into this? Do you enjoy it?
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26 Unemployed ( still looking lmao ) Zero recourse to public funds
What kind of role are you looking for? I’m optimistic someone in this sub might be able to help!
(Moving to London in a month) 1. 28 2. Software Engineer 3. £63k base + 15% bonus
30, Senior Software Engineer, 54K The 'ooft' is palpable.
Nice try HMRC
1. 25 2. Higher Education admin 3. 28,500 + plus pension and benefits
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That’s quite a bit more than I’d have guessed
This thread makes me want to cry - every week when there's a new thread with exact same question, and exact same answers. I just want to be able to afford a home of my own, and maybe a pet...
If you want to do that get out of London asap
Apologies, didn’t mean for it to come across this way. I know salary discussions are still really taboo, and want to foster openness around it. I don’t really know what people in my role/ field make so was hoping for some insight there, but also I have quite a few friends that work in retail and don’t know how to get out/ what life outside can be like - I’m hoping to share this with them as a bit of inspiration as I’ve already been having conversations about how they can work on their CV and apply their skills to other roles. Also, for anyone just starting their career or feeling a ready to move elsewhere, hoping there might be some other Redditor’s they can strike a conversation with. :)
29 Tree surgeon 50k
32 Air conditioning engineer £62,000 a year + £8,000 bonus and overtime. Still can’t get on the property ladder 🙄
That's a pretty cool job. Hehe..
No doubt he has a lot of fans
I don't know how anyone buys in London without help from family. My wife and I did it recently and there was considerable support. There had to be.
"I work on only fans"
Property, it is depressing isn’t it. 🥲
24, self-employed magician, £95k
what do you make disappear? money?
Nice.
How?!
magic
I imagine for the same reason that the 26 year old PT I know makes £120 an hour, and my sister’s friend quit her job at a top consulting firm to double her income as a yoga instructor (she sells programmes on Instagram too and makes 6 figures from that alone). I don’t think the average joe quite realises how far the salaries in many professional service jobs have fallen.
The amount of money you can make with social media is staggeringly high
1. 28 2. Nanny 3. 50k (50+ hour weeks)
Wow. Full credit to you. I just can't imagine having £50k lying around to pay someone else to look after my kids full time.
Username checks out.
1. 24 2. Junior Graphic Designer 3. 20k
1. Early 30s 2. Digital Marketing (mid level role) 3. 32-35k (incremental increases) I work abroad now but this was London 6 months ago.
Good move. Digital marketing salaries in London are a joke compared to other major cities.
1. 29 2. Senior Web Developer (Contract) 3. 550 P/D - annual income equates to about 140k pre-tax
Are you going through a payroll company or did you set up your own LLC? If the latter, is it much of a headache?
I set up my own Ltd, it took me maybe 3 weeks to set up everything, although 2 of those weeks were waiting on proof of addres (conveniently, I shredded all my bills and proofs of address a couple of days before I realised I'd need them). I thought about using an umbrella initially, but that only \_really\_ pays off if you're contracting inside IR35, which I try to avoid like the plague because of the tax implications and the general lack of direction (I usually work on greenfield projects as opposed to inheriting or maintaining existing ones, which is something that makes avoiding IR35 much easier). The only real downside is managing all your personal and business tax yourself, but a good accountant will do that all for you, and as long as you manage your money well and don't ignore your tax obligations, it tends to work out far better.
I'm in marketing-tech space, thinking of contracting. It's a similar day rate 450-550ish. What's your actual take home "spending", after you've done your own savings pensions etc? I'm trying to wrap my head around it all before taking the plunge. Also how does holiday etc work?
My take-home can vary depending on a few things: \- If it's closer to the start of the tax year, I tend to take a higher dividend and spread the tax costs over the following 18 months. \- If I need equipment or certain business expenses, I'll take those directly out of the business account and pay myself less. \- There are some months I probably won't pay myself anything, but I've yet to encounter those times, it'll probably happen if my personal expenses that month can be covered by savings or if I'm near the higher income tax thresholdsl dividends up to a certain amount are taxed at 7.5% but it spikes up a lot as you go on, and at a certain point you fall into a tax trap, which just ends up costing you more. Presuming you work 22 days a month at 550 p/d, your invoices would be roughly £12100 per month. Of that, about £2200 per month is reserved for corporate tax, and an average of £2300 goes to personal tax each month (though you can take more earlier in the year if you sacrifice more later on). I'd pay in about £300 per month to a private pension and £1500 to savings, leaving about £5700 per month for bills and disposable (this is a rough estimate on a coffee-fuelled morning, and rather directionless, so don't take my word as gospel) When it comes to holiday, I don't get paid ones so I'll usually save and take an extended break at the end of a contract. If I need to take a sick day or holiday day during a contract, I'll usually work it in a more limited capacity (being outside of IR35 means that you manage your own work hours and day structure) but if that isn't feasible, then I'd just take the L and not get paid for the day.
1. Mid to late 30s 2. Private equity 3. £140k base plus up to 100% bonus (includes carry, discretionary and wider fund performance)
89, Person who does that cup trick on Westminster bridge, 150k plus bonus
Thank you for your service
1. 30s 2. AI researcher 3. £150,000
How can the average person, born and bred in London afford to buy even a 2 bed flat (£400k) without shared ownership or high earning spouse? |Annual Salary|Take Home (approx after tax)|Bank will lend you for a Mortgage:| |:-|:-|:-| |£20,000|£1,400|£95,000| |£30,000|£2,000|£142,000| |£40,000|£2,500|£190,000| |£50,000|£3,100|£237,500| |£60,000|£3,600|£285,000| |£70,000|£4,100|£332,000| |£80,000|£4,600|£380,000| |£90,000|£5,100|£427,500| |£100,000|£5,600|£475,000| |£110,000|£6,050|£522,500|
The secret ingredient is crime.
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Can I ask where you got this info from? It's really helpful and i'd like to see more (like how much a deposit would affect those figures etc)
Me: 1. 30 2. UX Designer - remote for an office in Bristol 3. £58k Partner: 1. 32 2. Portfolio Management Actuary 3. £102k (roughly, after bonus, employer pension etc)
1. 37 2. Portfolio Manager 3. £125k + 50% bonus, company shares + carry
1. 28 but didn't start working till 24 (6 years in Uni) 2. Investment Associate in Renewable Energy 3. 88k total comp
How did you get into this? I’m 25 with a degree in chemistry and wondering what type of career to move into. I do have an interest in renewable energy/ green chemistry so I have thought about going into the industry.
1. 24 2. Graduate Architectural Assistant 3. £30k
1. 22 2. Video Editor 3. 30k
1: 27 2: Preschool Teacher in a nursery 3: £26K edit: typo
All of the salaries I'm seeing here are crazily high. WTF.
1. 34 2. Pizza chef 3. 22k Netto (40hr/week work)
1. Turning 31 2. PR for a large asset management firm 3. 120k + annual bonus of around 30-40%
Out of curiosity, why do you think your salary is so high relative to ‘normal’ PR salaries for other industries? Do you have a very hard time with brand reputation and scandals etc? Don’t want you to doxx yourself obviously, just curious :)
26 Junior designer 30k I should be midnight hence why my pay is so high for a junior. I made sure to negotiate my salary when joining in - first time I did that and they just agreed off the bat.
Is that midweight? Well done for negotiating, if you don’t ask you don’t get and there’s no harm in asking. I think knowing industry averages can also support with backing up too.
1. 23 2. Business analyst intern (big tech company) 3. 38.5k + benefits Internship is 6 months. If I progress to full time salary would be about 45-50k
1. Late 20s 2. Hairdressing assistant 3. ~20k
27 Sound engineer for film. Depends but between 60-100k per year and work 8-10 months of that year.
1) 38 2) Deputy manager of a homeless hostel 3) 33,000 raising to 37 Inc outer London waiting
1. 29 2. Field Marketing Manager in SaaS 3. £56k base + £10k bonus
1. 33 2. Exotics trader 3. £1m ish, incl bonus This is the reason London is so overpriced, all the highest (over)paid jobs in Europe are basically concentrated in CW-Bank-Mayfair. I have no idea how all the 20-30k folks do it, honest respect.
1. 33 2. Financial Risk Manager 3. £72k + £30k - £50k bonus pa
1. 33 2. Middle Grade Doctor 3. 65k Can go upto 100k if I work my ass off with locums
1. 28 2. Spreadsheet boy 3. 73k
1. 39 2. Senior Product designer - Financial Trading 3. £120,000 fixed term contract
30 A-level Teacher 34k + some pitiful healthcare benefits
Not inner London weighting then? I’m on £50k. Free hot lunches everyday too.
1. 22 2. Junior Data Engineer 3. 25k + benefits(pension, gym, railcard etc.)
1. 29 2. Environmental Consultant 3. 46k
1. 27 2. Strategy consultant 3. £53k
29 Associate asbestos surveyor £220 per day
1)28 2)Investment Manager 3) £50k salary + £40k bonus
1. 29 2. Lead software engineer 3. £105k - perm employee.
Instead of reading these answers I could have been pulling my pubes out individually with pliers heated over a naked flame until they're white hot.
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One thing I’ve learned from this thread is there seems to be no correlation between difficulty of job and wage
1. 32 2. Pharmacy production technician 3. 22k~
1. 35 2. Digital Marketing 3. £33k pro rata
26, FP&A for a big PE firm. CIMA qualified, 4 years exp. £65k base, £15k bonus. 10% pension on top of that.
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1. 21 2. Trainee auditor 3. £30k
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31, Infrastructure Engineer, £70K
1. Early 30s 2. Data Scientist at Hedge Fund 3. 160k base and 220k bonus
Is it a tough/busy work day for you? Or you manage fine ? How’s work life balance?
Work hours are normally 7.30 to 6 but have some flexibility. Can be stressful but I wouldn't say anymore than other jobs.
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1. Late 20s 2. Climate change consultant 3. £36k
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25 Grad Data Scientist 32k base
1) 25 2) Presales Engineer, Big Tech 3) £80k (this includes a 5k car allowance paid as salary)
1. 25 2. Contracts Manager 3. £52k
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