I’d agree. £50k is a little low and would impact more than people think. Also people have to remember BIK and bonuses also affect the top line figure. Inflation drives up rates and services. A good tradesman who has a good reputation and puts a shift in, will command between £40-60k a year easily. Of course, there’s tax and expenses to come off that, like us all, but that’s quite normal, even in Barnsley. And from that kind of money, they won’t be mega rich from it either. The costs of working and living drives the day rate up. It’s all about what’s relative and normal for the industry you work in.
A ‘good’ salary definitely varies based on personal circumstances and location. I guess I’m one of the lucky ones. I live in Barnsley, mostly work from home, and earn about £60k a year, but I wouldn’t say I’m well off. I live comfortably, but I’m hardly splashing the cash. I live on my own so I’m no better off than a couple who both earn £30k a year. In fact, they’ll probably take home more than me when their salaries are combined, because earning £60k a year certainly doesn’t mean you take home double what someone earning £30k a year does.
I think Bossman pays his household staff around £50k basic but they have to buy their own maids outfit. From Agent Provocateur
The average mortgage payment in the UK is apparently around 1450 a month. That's an average across the board including the ridiculously expensive mansions that are mortgaged. On a 50k salary that is approximately 36% of your take home pay. I've just looked and 'experts' seem to recommend not spending anywhere between not more than 25% to not more than 35% of your take home pay on a mortgage so it isnt a million miles above that. However that doesn't take into account that the majority of people with a mortgage are couples and so the average payment is more like £700 a month which is only 21% of take home pay which means they aren't skint at all they're on a very good wage and have a lot of disposable income. For contrast I got my house I think 10 years ago. It's a modest 2 bed terraced house in Barnsley. My mortgage at the time was £350 which was 37% of my take home pay for my full time minimum wage job. Out of the left overs of my wage I managed to pay for all my essentials plus have sky TV (have that rishi Sunak), a Barnsley season ticket, go on holiday and have takeaways etc while also saving some. The idea that someone on 50k a year can't cover more than their bare essentials is frankly an insult
A think a family of 4 who like to live a nice comfortable life with a few holidays a year and drive 2 cars then £50k is probably needed……..
The cheapest 2 bedroom rental within 3 miles of Barnsley on Rightmove is £500/month. Add on utilities, council tax, food, etc. and you could *probably* survive on minimum wage and be comfortable on anything above £30k. In Manchester, the equivalent is £920/month. Suddenly you need to earn over £5k more per year *after tax* to be on the same money and what was comfortable becomes tight easily. In Westminster, you are looking at £1100/month. That makes it another £3k *after tax* to scrape by. So a minimum of £40k gross. Probably £50k to be comfortable. Adding kids, commuting, or dependents will increase those figures significantly. Circumstances matter a lot.
I’d say it’s nowhere near enough for that. Again, it’s all relative, but if they’ve got a big mortgage and two financed cars then there won’t be much left once they’ve paid for food, clothes, petrol etc. If they have a pension and student loan payments then they’re probably taking home about £4100 a month after tax.
Nursery fees for my toddler are £1600 a month (4 days a week). Mortgage is £1200 a month. Just those costs alone come to £34k. On a salary of £50k a year (£38k after tax) I would literally starve.
I'm not sure I'm uncomfortable with people on £50k per year paying £5 more per week to provide much needed investment in the public sector. Greens seem to be the first party to come out, open and honest, with a plan to fix things.
Not sure you will be right with that, and if they are then they probably work 60 hours a week plus, .....whereas I think the question was based on a normal working week.
The only ones at ours who are not are the ones who are what work part time, covering holidays etc. Enployed couriers won’t be, but the self employed lot can earn some really good money.
Over the last 10 years or so i’ve earned between 60k and 250k in a year, depending on hours worked, any additional contract work etc. (i’ve worked anywhere from 20h/week to 80+h/week over that time) I’d consider 50-70k a decent wage and 80k to be a good wage, at least in Barnsley when paying for a mortgage that wasn’t for a house bought 30 years ago for about 50p. Think people would be surprised how quickly it goes though, especially if you’re putting a lot into a pension (one company i used to work for would pension match up to 15% so i’d put the maximum in for example, or if earning between 100k and 125k you’re usually better putting more into the pension to bring you below 100k to avoid the 60% trap) I’m not for a second saying it’s not better to earn more obviously and the money in my pension is still my money, just not accessible yet. I also know how fortunate I am, but i had times where what seemed like a massive pay rise ended up amounting to an extra about £50 a week in terms of what actually hit my bank account.
Do you mean not putting the work in or the hours?, send me a link to one of these jobs if it is a straight 35 hour working week with no strings attached for 50k, would mind doing that job.
