Do you consider £5000pm take home pay a good salary?

Kandinsky

It’s my daughter’s salary ( well her husbands, she’s a stay at home mum ) & she said to be comfortable they need about 6500 a month. Plenty of her friends are on about £8000 pm but they both work full time.
Her mortgage is £1700pm. If she was paying for childcare that would be another £1500pm.
I personally think 5k a month is a great salary - but apparently not.

Ha! So it isn’t your daughter’s salary at all then?
Perhaps she should work if 5k a month isn’t enough for her needs 🙄

Amalegra

This thread sadly shows the massive difference between rich and poor in this country. So many people earn minimum wage for the most important jobs, care for example. I am happy for those with large salaries, which many people, myself included, perceive £5000 pcm to be. But it is not right that others who also work and strive cannot hope to reach this level of remuneration.

Yes, it's food for thought Amelegra

And many of those people live in London.

I live in East Midlands, know of young couples in their early thirties with a combined take home pay of £5000 but usually the woman earn almost as much as the man.

If your daughter feels that her husband £90k gross pay is not enough to keep her in style in pricey London, then she has to go to work to make up that £1.5k difference.

I live on less than £2000. Not in London though.

Yes yes and yes

ever watch rich house, poor house ?

I think the OP has already said she thinks £5000 net pm earned by her sil is a lot of money. As do we all.

when you remove the main cost of the mortgage they are left with over £800 per week. She is a stay at home mum. How can that possibly not be enough unless she aspires to being a Yummy Mummy with all the expenses involved with that..

sorry it wouldbe £600.. still reasonable

pascal30

when you remove the main cost of the mortgage they are left with over £800 per week. She is a stay at home mum. How can that possibly not be enough unless she aspires to being a Yummy Mummy with all the expenses involved with that..

Not just a mortgage but other household running costs rates energy water insurances travel costs ect can easily add up to another £1k to costs.
That leaves around £575 for everything else per week food clothes entertainment holidays ect may not be tight but they are not going to be rolling in money

Young families with two or more unfunded children in nursery will struggle on 5k a month. Also anyone who has recently bought a property will be stretched as will renters.

Everything is rising in price.

Casdon

rosie1959

mbody

Absolute fortune!!!

Not necessarily if you have a large mortgage and childcare costs

It really isn’t a fortune for professionally qualified workers. The working partner is supporting the other and a child. Most couples both work, so they earn this jointly if they are on average salaries, so are taxed at a lower rate. We aren’t comparing this with people living on a pension, but with other young couples with large mortgages who live in London.

Many couples, both in work, each taxed at a lower rate, or even one completely below personal allowance. However, this couple one works and earns to the 40% rate and the other is below the pa. They have a mortgage, they have young family costs, and it's London. Not a lot of money given circumstance.

Not for London…..but as my income is reduced to £9000 PER YEAR…having installed my husband into his care home after looking after him ( disabled) for 25 years ….his alzheimers defeated me !
I would snatch at £5000 per month.

Yes, I think it’s a good salary even in London. My DH always commuted so we had to factor in travel costs and I would have been happy with that salary!

Most people in U.K. would think they were in heaven with such a salary.
London sadly is a different country.

Yes London is different it’s ridiculously expensive but that makes it even harder for people on average £25k salaries. Not everyone is a city worker earning shedloads and there is a lot of poverty in and around London and all woukd be in heaven to get paid such a great salary. .

Saggi Tjat is below the Pension Credit basic, so you should apply for it.

To those of you on here who have had high paid jobs and constant marriages it may seem an average wage
To some people on here who have worked hard (even in good jobs) but through life’s knocks haven’t had the high wages, it seems like a fortune
Yes as Amalegra says it just shows the massive and quite unfair differences in life
I often feel I m the poor relation on GN yet I had a very decent managerial level job after my children were all grown running a number of different projects but that was after I d struggled bringing children up on my own and paying a mortgage on my own without a penny maintenance so I could never really ‘‘catch up’ but I m not ashamed of my working class status and that I can’t afford cashmere jumpers or Rolex watches but I do know the difference life can bring and my empathy for hardworking low waged folk is high
£5000 a month is a lot of money

I have never envied anyone able to afford an expensive watch, clothes or anything else.

I am qutie happy as I am and with what I can afford. Providing no one is in want, has a secure roof ove their head, can afford to eat and cloth themselves, does it really matter how much money some people have?

I am, of course, well aware that there are those who do not have that basic and I believe that all should be done to make sure that everyone possible can reach that minimum. but after that, what others do or don't have really doesn't woory me.

I can only dream of that income!

There is another way of considering whether this is a good salary. Is it good given the person’s qualifications, experience, the level of responsibility they carry and the hours they have to work to do the job (maybe in excess of 100 a week)?

I agree with you BlueBelle.

Well said Bluebelle 👏🏻👏🏻👏🏻👏🏻

Yes as Amalegra says it just shows the massive and quite unfair differences in life

But it’s not my family’s fault we were born in London. I was born here, my husband was born here, all our family are here.
So when we married we bought our 1st home here. What else were we supposed to do? Our jobs were here.
Were we supposed to uproot ourselves and move up north, just so we could buy a cheap house in a town we had no ties with & knew nobody?
We stayed here because this is where we’re from. Our children were born here.
Why should they have to move to Liverpool or somewhere?

I actually feel sorry for people living here because housing is so expensive. But housing will he expensive in any nice area.
Wages are higher here true.

But if a family in London needs £5000pm just to live comfortably - that’s nothing to envy surely?
Maybe the families living in cheaper parts of the country are the real winners.

I suppose with small children and a mortgage at £1700 things might be quite stretched but it isn't anything new is it, if one parent stays at home?