Originally Posted by
DuctOvht
Full time, 1 car, normal pension contribution, small AVC
Our wonderful tax system meant that last month I took home about £5900, this month about £6100 with a normal month of flying, no overtime. A new entrant will be earning nothing like that unless you’re doing lots of over time. If you are taking that home at PP1 then expect that tax man to come knocking very soon and, like the rest of us, you’ll quickly realise extra work is pointless as it all gets taken away from you.
Ultimately PP1 FO (especially LH) now coincides almost precisely with the £100k tax trap. So, whilst £6k may seem good for a new joiner, increments beyond PP1 won't do much for take home as long as 62% of them are stolen by the government. Car, bike, pension, part time are the only sensible choices - especially if you have kids in childcare.