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£100K not a good salary for Surrey
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Old 24-03-2024, 18:26   #1
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£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?
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Old 24-03-2024, 20:06   #2
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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
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Old 24-03-2024, 21:38   #3
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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.
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Old 24-03-2024, 23:39   #4
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Re: £100K not a good salary for Surrey

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Originally Posted by Damien View Post
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
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Old 24-03-2024, 23:53   #5
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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.
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Old 25-03-2024, 09:51   #6
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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
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Old 25-03-2024, 11:09   #7
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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.
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Old 25-03-2024, 11:33   #8
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Re: £100K not a good salary for Surrey

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Originally Posted by Ms NTL View Post
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
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Old 25-03-2024, 13:37   #9
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Re: £100K not a good salary for Surrey

Quote:
Originally Posted by Hugh View Post
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.
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Old 25-03-2024, 17:22   #10
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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.

Last edited by Ms NTL; 25-03-2024 at 17:33.
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Old 25-03-2024, 18:45   #11
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Re: £100K not a good salary for Surrey

Quote:
Originally Posted by Hugh View Post
£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 View Post
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.
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Old 25-03-2024, 18:45   #12
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Re: £100K not a good salary for Surrey

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Originally Posted by Paul View Post
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
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Old 25-03-2024, 19:00   #13
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Re: £100K not a good salary for Surrey

The £3.7k a year ground rent/maintenance is a bit of a drawback!
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Old 25-03-2024, 22:47   #14
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Re: £100K not a good salary for Surrey

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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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