Alzi
Well-known member
Yes but they might have to skip their Winter ski trip to St. Moritz this year. Thoughts and prayers.
£100k a year doesn’t go far you know
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The_Lizards_Jumpers
Well-known member
People on £100k in the South East are not holidaying in St Moritz, even though it's obviously a significant wage.
Jonny_Rondos_Disco_pants
Well-known member
Offshore is paying less a day than onshore for quite a few trades now. Pathetic really. Too much of a monopoly on the work from one company.
Jonny_Rondos_Disco_pants
Well-known member
Yes, some people are up **** creek, rely on food banks etc. some people could work more hours if they maybe had more family support, maybe making things easier.
Making the right decisions in life would benefit many, sticking in at school, further education etc rather than tossing it off thinking you’re cool, when in reality you are getting left behind in life.
My apprenticeship was £56 a week, with £20 increments every year. 32 hours on site, 14 hours at college. after work it was trying to keep on top of assignments and revising for exams. My mates from college were on the drink most nights and weekends. I was trying to keep on top of things.
10 years later I decided to do my degree on day release. 4 more years of balancing income, family time and study.
It’s been worth it.
Some people don’t want to put the effort in, others simply can’t. But there are ways to improve things.
I’ve suffered more than most when working away, I know it’s not a bed of roses. I have mates who struggle because they made the wrong choices when younger.
£100k a year isn’t a mega amount of money anymore, especially for a family where 1 parent works. Mortgages, pension contributions, cars to run, house hold bills, childrens uni or college funding etc. it soon adds up. Then say people have 2-3 season tickets to renew, they want a holiday every year, there’s not much left.
Alzi
Well-known member
Maybe not but it’s not as ridiculous as some of the posts on a Middlesbrough forum suggesting people on 100k are “not well off”.
It’s all relative or course. I’ve got a decent salary (not 100k) but if I moved to Monaco and tried to buy a yacht I think I’d be struggling a bit.
Alzi
Well-known member
100k is still top 3% in the UK. The country is pretty ****ed thanks to the tories but still on that salary in most of the UK you should be comfortable or something is going wrong.
I’ve got a decent salary (not 100k), my partner can’t work at the minute due to illness, and we have 2 kids. We live in a nice house in a nice area of the North East. Money is not endless of course but we are certainly not struggling, go on 2 holidays a year and still put money away into savings each month.
As much as Hunt is a **** I do know what he means. It's relative isn't it so someone earning £50k in the north east and someone earning £100k in Surrey probably aren't far apart in terms of lifestyle but the £100k mark means a massive jump in marginal tax rate because there is the loss of the personal allowance and the loss of tax free childcare. Childcare down there is also very expensive, as are house prices and other general costs.
I don't feel sorry for people on £100k in Surrey but I do disagree with the way our tax system has these massively marginal rates at certain points. Also, those rates have been frozen for a long time so when they were introduced the sort of person that was supposed to be affected by them was a certain section of the population and that section had got a lot bigger due to inflation without the thresholds also rising. Same thing had happened at the £50k rate and even minimum wage is rising faster than the personal allowance so they are paying more tax as well.
I don't feel sorry for people on £100k in Surrey but I do disagree with the way our tax system has these massively marginal rates at certain points. Also, those rates have been frozen for a long time so when they were introduced the sort of person that was supposed to be affected by them was a certain section of the population and that section had got a lot bigger due to inflation without the thresholds also rising. Same thing had happened at the £50k rate and even minimum wage is rising faster than the personal allowance so they are paying more tax as well.
Glover_elbow
Well-known member
A good article im the guardian last week on the rise of private landlords as the driving force behind unaffordable housing
https://www.theguardian.com/lifeand...risingly-simple-solution-to-uk-housing-crisis
https://www.theguardian.com/lifeand...risingly-simple-solution-to-uk-housing-crisis
Jonny_Rondos_Disco_pants
Well-known member
Child benefit, another government mess. 2 parents earning £49999 means they are eligible, 1 parent working earning £50001 is not eligible.
Nero
Well-known member
Another Tory mess from their austerity agenda.
Billy Horner
Well-known member
Some of the hardest working people I know are single parents holding down two jobs just to make ends meet. They then spend their 'leisure' time feeding and caring for their kids, and will often forgo even simple pleasures, just to try and give their kids the best quality of life they can.
As others have said, it's a complete myth that income levels are directly proportional to hard work. There are also many sacrifices in life, not just simply working away.
Just to be clear, I don't begrudge high earners one bit and I'm sure plenty of them do work hard for their income. I just wish we had a bit more sense of society and an understanding of the difficulties in life that some people face, rather than constantly reassuring ourselves that we deserve our rewards in life and that those less fortunate must therefore have themselves to blame.
That is a complete mess but technically it’s £60,000. It reduces by £1 for every £2 earned over £50k
festa5
Well-known member
YouAreMyBoro
Active member
I would suggest what you're putting down there as expenses that make 100k seem reasonable are daft. Pensions, cars, college funding, season tickets, holidays...Reading it back I'm almost expecting a whoosh but don't think so. Who is working full time at Morrisons and looking at that post as anything but obscene?
ThePrisoner
Well-known member
What's your degree in?
Jonny_Rondos_Disco_pants
Well-known member
All my mates who don’t work or are in low paid jobs are those that messed about at school, dropped out of 6th form etc.
some of my mates are playing career catch up after doing the above. Others choose to sit in their mams spare room at 35-40 years old playing on the xbox. I have no sympathy because they could have knuckled down, they chose not to. They didn’t want to get out of bed for a 9am start when others were happy to be stood outside in all weathers waiting for a lift to Seal Sands at 6:30am
All my mates who stuck in at school, 6th form and uni are doing ok. Some extremely well, others able to run homes and look after their families to a decent standard.
They might think my post is obscene, but if you put up with the dangers that I have done over the years, the crazy hours (16+ a day for sometimes 14/21/28 days or nights), then i’m not against enjoying myself with my earnings.
Most families expect a holiday every year, expect to be able to run 1 or two cars, pay council tax, utility bills, mortgages, life insurance / critical illness etc. it costs more than it ever has. Throw in child maintenance then look at your left overs from £100k. Then start planning for retirement trying to put something into ISAs or private pensions. Then look at the left overs…
I don’t feel guilty for those that didn’t have the same drive to do well or have a different work ethic.
Should we require foodbanks, of course not.
Are the current government a pack of c**ts, yes.
"I don’t feel guilty for those that didn’t have the same drive to do well or have a different work ethic."
So I am sure you're right, and everyone you grew up with got exactly what they deserved in life based on how hard they worked for it. Given that, I can understand how hard it must be for you to see that your mates stories (and your own) aren't everyone's circumstances. For the Chancellor of the Exchequer of His Majesty's Government of the United Kingdom to say that he thinks an important part of his work in the next few months should be to look at ways of helping families with an income of 100,000 GBP as it doesn't stretch as far as it used to is an amazingly politically inept position to take, at the very least.
Jonny_Rondos_Disco_pants
Well-known member
Yeah financially, those that were wasters and couldn’t be bothered applying themselves now funnily enough are the ones who are struggling the most. If you can’t be bothered to get up and catch a bus at 7:30 to college, when you know it is important to improve your future, what chance they can be driven to try and find good employment with career progression? Im talking about kids from normal family homes where both parents worked.
Don’t get me wrong, those in former pit villages where the pits were closed. No other employment was built there, not on bus routes, are in a pickle. “Get on your bike” was the Tory phrase I seen to remember. Generation after generation will not now work. They have been dealt a bad hand just through geographical circumstances. You have kids coming from care who maybe don’t have close family who could be connected enough to advise a pathway they could enjoy from 16 onwards. Again circumstance.
Don’t get me wrong, those in former pit villages where the pits were closed. No other employment was built there, not on bus routes, are in a pickle. “Get on your bike” was the Tory phrase I seen to remember. Generation after generation will not now work. They have been dealt a bad hand just through geographical circumstances. You have kids coming from care who maybe don’t have close family who could be connected enough to advise a pathway they could enjoy from 16 onwards. Again circumstance.