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Salary Reality Check

http://yahoo.careerbuilder.co.uk/Article/YAH-106-Job-Search-The-UKs-most-surprising-salaries/?lr=int_ukyahoo&siteid=int_ukyahoo_YAH-106
The average UK salary is £26,462 but as you might imagine, there are plenty of jobs which pay considerably more and a lot less than that. Think you know which roles bring in the big bucks? You might be surprised...

Plumber
Stories of plumbers earning six-figure salaries have been rife in recent years - but according to official figures, the average UK salary for plumbers is a more modest but healthy £27,866. However, like many sectors, much depends on the region you're working in and whether you're self employed. In London and the South East, plumbers have been known to charge up to £90 an hour. So, while £100,000 may be far-fetched in many parts of the country, self-employed city plumbers could easily earn £50,000 - making it one of the better-paid trades.

Driving jobs
Driving a bus is arguably more challenging than driving a train (given the added pressures of the road, other traffic, and having passengers to deal with), so you might be surprised to learn that bus drivers earn half of what train drivers take home. The average UK salary for bus and coach drivers is just £22,701 - compared to £44,617 for tram and train drivers.

Secretarial work
Secretaries may possess similar skills, but where they work can make a huge difference to their pay packet. While medical and legal secretarial positions pay more than the average admin job (the average UK salary is £20,474 and £18,866 respectively), it's a lot less than those working as personal assistants, who earn £24,067. Prove yourself invaluable to the big boss at a multinational organisation and your PA salary could easily rise to £50,000 a year.

Book author
Get a book published and you can relax and think about retirement, right? Sadly, that's fiction. The average published author in the UK earns just £5,000 a year from writing - which is even more pitiful when you realise that many authors can take years to finish a book. Like acting, writing is a 'winner takes all' game where only the top few make the big money. J. K. Rowling may be worth a phenomenal £560 million, but she is one of the rare few.

TV stars
You might think household names on TV earn a fortune, but pay within the entertainment industry can vary hugely. Take the professional dancers on Strictly Come Dancing. Billed as the "real" stars of the BBC show, the likes of Brendan Cole and Ola Jordan (who work up to 14 hours a day training celebrities and choreographing dances) are paid £30,500 per series.

Not bad for three months work you might think - until you compare their salary to that of the judges, who earn £110,000 per series and veteran Bruce Forstyh, who gets £550,000. But those salaries are dwarfed by those of the judges on ITV rival the X Factor. Gary Barlow recently signed a £2 million deal, while Louis Walsh is believed to get £850,000 per series.

Prime Minister
David Cameron earns just £142,500 a year for running the country - a fraction of what chief executives of multi-national companies take home in salary and bonuses. Despite the PMs relatively small salary, not every one in official posts takes home a modest pay check.

According to a recent report by the Taxpayers' Alliance, as many as 2,525 council staff earn more than £100,000 while 42 local authority employees are on more than £250,000. Nearly 8,000 NHS staff were paid a six-figure salary last year - with the highest-paid executive taking home £340,000 - almost 16 times the pay of the average ward nurse, on £21,000.

Still, it's not all bad news for Mr Cameron. Gordon Brown earned £1.37m from extra work beyond his MP's duties last year, such as speeches and writing jobs, and Tony Blair's various business interests since leaving office has led some to put his net worth at about £20 million.


Salary figures are from the 2012 Annual Survey of Hours and Earnings survey and Graduate Careers site Prospects.

Maybe this might temper the expectations of those on this forum keen to denigrate renters who should just 'work harder' to earn the £50k a year a first time buyer now needs to get a 2 bed terrace in the SE.
«1345678

Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    http://yahoo.careerbuilder.co.uk/Article/YAH-106-Job-Search-The-UKs-most-surprising-salaries/?lr=int_ukyahoo&siteid=int_ukyahoo_YAH-106



    Maybe this might temper the expectations of those on this forum keen to denigrate renters who should just 'work harder' to earn the £50k a year a first time buyer now needs to get a 2 bed terrace in the SE.

    Love your optimism!
  • System
    System Posts: 178,371 Community Admin
    10,000 Posts Photogenic Name Dropper
    Plumber
    Stories of plumbers earning six-figure salaries have been rife in recent years - but according to official figures, the average UK salary for plumbers is a more modest but healthy £27,866.

    Hah, yeah, or rather that's what they say they earn and thus pay tax on!
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • people of this country must be on brill wages going on house prices x income
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • michaels
    michaels Posts: 29,216 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    http://yahoo.careerbuilder.co.uk/Article/YAH-106-Job-Search-The-UKs-most-surprising-salaries/?lr=int_ukyahoo&siteid=int_ukyahoo_YAH-106



    Maybe this might temper the expectations of those on this forum keen to denigrate renters who should just 'work harder' to earn the £50k a year a first time buyer now needs to get a 2 bed terrace in the SE.


    So your piece already mentions that earnings are considerably higher in the SE.

    Then you suggest that an FTB is looking for a 2 bed terrace - sounds liek this must be a couple, surely most single FTBs are aiming for a 1 bed flat? Do a couple in the SE have an income of 50k - quite possibly based on the figures in the article and of course 2x25k is more disposable tahn 50k because of tax rates and allowances.

    I would suggest that the data you present does not suppot your arguement. :(
    I think....
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    michaels wrote: »
    So your piece already mentions that earnings are considerably higher in the SE.

    Then you suggest that an FTB is looking for a 2 bed terrace - sounds liek this must be a couple, surely most single FTBs are aiming for a 1 bed flat? Do a couple in the SE have an income of 50k - quite possibly based on the figures in the article and of course 2x25k is more disposable tahn 50k because of tax rates and allowances.

    I would suggest that the data you present does not suppot your arguement. :(


    What about it's a couple with children and therefore 2 x average salaries cannot be earned as easy?

    Does the point have any merit then?

    It seems its always assumed on here that 2 adults buy and both earn average wages that can all go towards a house.

    Nice if that's the case, but I'd suggest it's not the case for most, and therefore the OP's point has merit.
  • N1AK
    N1AK Posts: 2,903 Forumite
    Part of the Furniture 1,000 Posts
    michaels wrote:
    surely most single FTBs are aiming for a 1 bed flat?

    I doubt that most single FTBs are aiming for 1 bed flats, though it may well be true that for most that may be the best they can hope for.

    The idea that things are fine for FTBs today because most of them could, after considerable saving, afford to buy a glorified shoebox in a sink estate is not persuasive. My parents generation could buy houses in nice areas, with gardens and spare rooms on single wages without having high paid jobs (All 4 of mine, inc inlaws, bought alone before marrying: Back cashier, Accountant, Policeman, Carer).
    Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...
  • michaels
    michaels Posts: 29,216 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    What about it's a couple with children and therefore 2 x average salaries cannot be earned as easy?

    Does the point have any merit then?

    It seems its always assumed on here that 2 adults buy and both earn average wages that can all go towards a house.

    Nice if that's the case, but I'd suggest it's not the case for most, and therefore the OP's point has merit.


    Being old fashioned I assume the couple probably pool their resources, at least one of them probably has a flat to sell and after having bought the 2/3 bed together they then look at whether (with materity pay, tax credits and child benefit) they can afford to have kid(s). 1 Bed flats are included in the average house price figures so surely it is not unreasonable for single people (or indeed couples) to aspire to buy them?
    I think....
  • Joeskeppi wrote: »
    Hah, yeah, or rather that's what they say they earn and thus pay tax on!

    Taxi Drivers, Independant Driving Instructors, hair dressers, snack bars, in fact any one man band who is self employed and mainly cash income, may or may not be declaring all thier incomings, but you can bet they will be declaring the out goings.
  • taxman must know the average wage,anyone outside this by a margin will raise red flag,you can maybe claim very low wages,but how do you then get a mortgage
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    black_taxi wrote: »
    taxman must know the average wage,anyone outside this by a margin will raise red flag,you can maybe claim very low wages,but how do you then get a mortgage

    if all black taxi drivers under estimate their earnings then HMRC have a low 'average' for black taxi drivers

    but many self employed do have trouble getting mortgage now that self cert have dissappeared
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