What would you class as a good salary?

ratfig · 8 June 2022 at 9:17PM

I'd say about 30k minimum?
But I really have no idea, I'm retired, mortgage free and have a net income of 22k, from an occupational pension and my state pension, I'm fine with that. I've got a 12 year old car which costs very little to run, and a bus pass which is what I use for most local trips.
Only thing I'd say is get a decent pension sorted, never too early to start.

jow4396 · 8 June 2022 at 10:14PM

A good salary is subjective and is dependent upon one’s situation and geographical area.

I used to earn £8k per year working part time as I was single parent with 3 kids and no support network. I was stuck in a benefit trap. I moved back down south 3 years ago when the kids were older to earn a better wage and to finally have some pride. I’ve worked my socks off and I now earn circa £68k per annum. Do you know what though? Because I live in the south and it is so much more expensive down here, I’m quite honestly only slightly better off. Paying £1500 per month on rent sucks up a lot of my income and I’m also paying a student loan. However, I have my pride and I know that everything I have and do is because I earn it ☺️

theoretica · 8 June 2022 at 10:52PM

For me, much depends not just on the spending and lifestyle that goes with that aspect of a salary, but on what I need to do to earn it. Plenty of jobs pay more than mine and I look at them, think that I could do that - but I don't want to! I see £40k doing something interesting and worthwhile as a better salary than £80k for something less enjoyable and more stressful which took up all my energy in the week.

ginger_chocolate · 9 June 2022 at 12:54PM

I earn just slightly above the median UK wage and consider myself 'well off' because I can easily pay for everything I need and want and still put a bit into savings. I have no interest in earning more money - particularly if it involves increased effort, which sometimes surprises people. There are people I work with on the same salary who feel we are very underpaid and say they struggle to make ends meet. As we all have different needs, wants and expectations a 'good salary' is kind of meaningless.

loony767 · 9 June 2022 at 4:59PM

Any wage where your income exceeds your outgoings

cheekymonkeyclairey · 13 June 2022 at 10:49AM

I’m a nurse qualified 8 years ago and earn around £35,000 with unsocial hours of weekends included. I would say around £50,000 is a good wage, which isn’t possible as a nurse staying in nursing rather than managerial role moving away from patients.