Hi all
I'm new to this forum and was wondering if anyone there who is well informed could post a reply or two on the following proposition...
How well does one survive in the south of England on a wage of 50000 Sterling Gross and about another 5000 in allowances over the course of a year?
I see the first 30K is taxed at about 22% which equates to approx 23800 remaining; and the next 25K is taxed at about 40%; equating to approx 15k remaining, giving a net income of approx: 39000STG. (Correct me if I'm wrong- ie are allowances taxed etc?)
This is approx 3250STG/month ie, 800 or so per week in the pocket.
Having not lived in the UK before and being quite new to the concept of pounds it can be hard to put the numbers in context as to what this is actually worth.
With no children and a partner that would gross another 1500 - 2000STG per month, what type of lifestyle could we expect based on all your UK knowledge?
Will be greatly interested in all your input...
Thanks a million and safe flying to all
