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-   -   £100K not a good salary for Surrey (https://www.cableforum.uk/board/showthread.php?t=33712570)

Ms NTL 24-03-2024 17:26

£100K not a good salary for Surrey
 
Jeremy Hunt said £100,000 is not a huge salary for Surrey-ians.

What do you think of us, poor people of Surrey? Don't we deserve levelling up?

TheDaddy 24-03-2024 19:06

Re: £100K not a good salary for Surrey
 
Probably isn't for a lot of them to be fair, context is everything as much as I'd like to haul him over coals

Damien 24-03-2024 20:38

Re: £100K not a good salary for Surrey
 
He said it's not a huge salary, it's different from being a good salary.

He is mostly right that when you take in housing and child care costs then £100k isn't going to go far.

The question that should be put to him is not to contest that observation but to ask him why after 14 years of a Tory Government a salary that would put you in the top percentiles of income in the country isn't enough.

TheDaddy 24-03-2024 22:39

Re: £100K not a good salary for Surrey
 
Quote:

Originally Posted by Damien (Post 36172447)
He said it's not a huge salary, it's different from being a good salary.

He is mostly right that when you take in housing and child care costs then £100k isn't going to go far.

The question that should be put to him is not to contest that observation but to ask him why after 14 years of a Tory Government a salary that would put you in the top percentiles of income in the country isn't enough.


Those are the coals to haul him over

Chris 24-03-2024 22:53

Re: £100K not a good salary for Surrey
 
All I know is, whenever Kirstie & Phil have to do a house search in Slurrey, Phil always moans that it’s the most expensive county in the country to buy a house in, thereby making his job harder.

Hugh 25-03-2024 08:51

Re: £100K not a good salary for Surrey
 
https://www.foxtons.co.uk/living-in/surrey/house-prices

£602,617 Average property value today

£40,000 - £3,695,000 Property price range

Mr K 25-03-2024 10:09

Re: £100K not a good salary for Surrey
 
I think the ruling party might a be a tiny bit out of touch. Just confirmation of the increasing rich/poor divide.

ianch99 25-03-2024 10:33

Re: £100K not a good salary for Surrey
 
Quote:

Originally Posted by Ms NTL (Post 36172442)
Jeremy Hunt said £100,000 is not a huge salary for Surrey-ians.

What do you think of us, poor people of Surrey? Don't we deserve levelling up?

I'm not a Surrey-ian. Far from it :)

Damien 25-03-2024 12:37

Re: £100K not a good salary for Surrey
 
Quote:

Originally Posted by Hugh (Post 36172458)
https://www.foxtons.co.uk/living-in/surrey/house-prices

£602,617 Average property value today

£40,000 - £3,695,000 Property price range

And you can usually borrow roughly 4.5x your salary. £100k would not buy you an average home in Surrey unless you had a huge deposit.

Housing cost is such a huge stress on this country.

Ms NTL 25-03-2024 16:22

Re: £100K not a good salary for Surrey
 
Childcare is one of the many, many problems triggered by an £100,000 salary. Taxation goes bizerk at £100,001

Read this from the Telegraph

Hunt knows, Reeves knows.

Quote:

At £100,000, families do not only lose their entitlement to free childcare worth up to £14,500 a year for someone with two children outside of London, and £20,000 in the capital.

They are also hit with a marginal rate of 60pc tax, because after reaching six figures staff start to lose the personal allowance, the sum you can earn each year without paying any income tax, at a rate of £1 for every £2 of pay until it disappears at £125,140.

In an attempt to beat the system some staff are shortening their working weeks, realising they would keep more of their pay by earning £92,000 as opposed to £115,000. Others are shunning promotions or turning down work.

Given that the median salary for full-time employees in the UK was £34,963 last year, few will have much sympathy. There’s an argument that well-paid employees shouldn’t be able to game the system in order to still access taxpayer-funded childcare perks.

Paul 25-03-2024 17:45

Re: £100K not a good salary for Surrey
 
Quote:

Originally Posted by Hugh (Post 36172458)
£40,000 - £3,695,000 Property price range

You would not get much for £40,000 around here, so what would you get in Surrey ? A cupboard ?

---------- Post added at 17:45 ---------- Previous post was at 17:40 ----------

Quote:

Originally Posted by Ms NTL (Post 36172485)
Childcare is one of the many, many problems triggered by an £100,000 salary. Taxation goes bizerk at £100,001

Its clear you are butter off just under £100,000 if you are a couple with kids, as it says ;
Quote:

Couples who are both earning £99,000 a year will be laughing.

Hugh 25-03-2024 17:45

Re: £100K not a good salary for Surrey
 
Quote:

Originally Posted by Paul (Post 36172495)
You would not get much for £40,000 around here, so what would you get in Surrey ? A cupboard ?

https://www.rightmove.co.uk/properti...hannel=RES_BUY

Mr K 25-03-2024 18:00

Re: £100K not a good salary for Surrey
 
Quote:

Originally Posted by Hugh (Post 36172497)

The £3.7k a year ground rent/maintenance is a bit of a drawback!

Damien 25-03-2024 21:47

Re: £100K not a good salary for Surrey
 
Quote:

Originally Posted by Mr K (Post 36172500)
The £3.7k a year ground rent/maintenance is a bit of a drawback!

My service charge is not too far off that! (in a flat)


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