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  • FIRST POST
    • Timberflake1983
    • By Timberflake1983 12th Jul 18, 9:38 AM
    • 30Posts
    • 7Thanks
    Timberflake1983
    Settle an agrument!
    • #1
    • 12th Jul 18, 9:38 AM
    Settle an agrument! 12th Jul 18 at 9:38 AM
    Hi guys,

    So I have a job paying 50k where my employer pays all my travel to London.

    My friend has just got a new job paying slightly more and they have to pay their own travel.

    We playfully started the 'who earns more' game as I said when you take my travel into account (around 10k grossed up) I earn more, but they completely disagree on the basis of its the amount you take home in your pay packet that matters not the 'soft benefits' as they call them.

    Anyway, it got my thinking, who's right? I count my package as being worth 60k as if I went for another job where travel wasn't included that's the minimum I'd need to earn to break even, but am I wrong to think of it like that and is it just the amount that's put into your bank every month that counts?
Page 2
    • Les79
    • By Les79 12th Jul 18, 5:38 PM
    • 306 Posts
    • 369 Thanks
    Les79
    - HOW MUCH your friend earns
    Not my place to put their salary on here, but its around 10% more than me.
    - Where you live
    - Where friend lives
    Both live in the same village and our offices are both in the same part of London
    - Transport methods used
    Train
    Originally posted by Timberflake1983
    Ok well, "both live in the same village" could mean anything!

    It could mean Inchinnan near Glasgow or Abbots Langley near Watford! The annual train tickets will obviously differ depending on which village!

    But to be honest, I don't really have the patience to do this. You are really just willy-waving with your friend.
    It is simple maths.

    Take your gross, add on the cost of a yearly train ticket from your location and MAYBE add on the tax component for the train ticket cost (although I suspect you won't be classed as having paid tax on the cost of the train ticket, so it becomes immaterial).

    Take your friend's ACTUAL gross and subtract it from your total as above.

    Easy peasy. If you have any other benefits which you'd like to compare then rinse and repeat.

    Frankly, I'm quite surprised how two people on 50k+ can't work that out with complete data at their disposal?
    • miriamac
    • By miriamac 12th Jul 18, 6:54 PM
    • 307 Posts
    • 757 Thanks
    miriamac
    Not at all. If I discover my willy is undersized, I can't apply for a new one.
    Originally posted by Malthusian
    But, as with jobs, you could look for something that is a better fit
    • theoretica
    • By theoretica 12th Jul 18, 7:07 PM
    • 5,248 Posts
    • 6,518 Thanks
    theoretica
    Personally, I look at it as how much money I have to do what I like with, and how much time I have to spend out of the house to earn it. So some of how good a job is down to personal choice (where you live relative to the job). You are being paid a salary + a season ticket. Does that make you less well paid than someone who lives further away and gets the same salary but a more expensive season ticket?
    But a banker, engaged at enormous expense,
    Had the whole of their cash in his care.
    Lewis Carroll
    • t0rt0ise
    • By t0rt0ise 13th Jul 18, 12:02 AM
    • 3,037 Posts
    • 1,917 Thanks
    t0rt0ise
    In my case not only do I get free travel to work but free travel round London all the time, as does another person that I nominate. So do I add to my pay everything we both would have spent to get my salary? Of course not, what I take home is what I earn, the rest is a perk of the job.
    • getmore4less
    • By getmore4less 13th Jul 18, 7:08 AM
    • 32,390 Posts
    • 19,462 Thanks
    getmore4less
    He said he travels by train, so presumably the train ticket will cost them both the same?
    Originally posted by motorguy
    you missed the point

    10k grossed would mean the ticket does not cost 10k it would be less,

    if they grossed up based on TAX/NI around 5800.

    Depending how the scheme is operated that is not the way to do the calculations.

    Since the OP won't provide the facts or how they have come to "it's worth 10k" no one can check they have done the calculations properly.
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