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Can you remember what you earnt (1960s)

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Can you remember what you earnt (1960s)

Old 24th Sep 2014, 16:33
  #61 (permalink)  
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Join Date: Aug 2014
Location: Berkshire
Age: 75
Posts: 118
Thanks for kind comment re thread Airship.

Dont worry about youngsters reading any of it as its all in s d
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Old 24th Sep 2014, 19:38
  #62 (permalink)  
 
Join Date: Aug 2002
Location: UK - EGLF is closest.
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600 p.a. in 1966 as a lab technician for the NCB, i.e. National Coal Board (I am that old). I got paid in cash weekly in a little envelope where you had to check the contents without opening it first !

I gave my Mum 3 of that per week and I just about managed to run a prized Morris Minor on the leftovers while 87 octane petrol for same cost 4/6 per gallon (the wrong fuel, but the cheapest !). I thought I was doing OK until my Dad, bless him, told me he paid more income tax than my gross wages !

I think about this time that OATS at Kidlington was offering a PPL (on a Chipmunk !) for about 250 but I might be delusional again.
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Old 24th Sep 2014, 20:19
  #63 (permalink)  
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Join Date: Aug 2014
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Spittingimage
You just reminded me about those envelopes.
They were brown with the top corner cut away so that the notes inside folded over at the top so you could count them. Correct? Dont know how we checked any coinage in it though.
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Old 24th Sep 2014, 20:50
  #64 (permalink)  
 
Join Date: Oct 2002
Location: West Wiltshire, UK
Age: 66
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I think I was wrong to quote the house price inflation, as it was an odd example. It just so happened (by a very odd coincidence) that I met the lady who has just bought the first house I owned, a mid-terrace 2 up, 2 down, mid-Victorian cottage. I paid 9750 for it in the late 70's, she paid 162,000 for it last year, so a ratio of 16:1. Looking around it seems this isn't very representative of the whole of the UK, though.

I still think house prices are silly, though.

I guess I was lucky in many ways. When I left uni I went for several job interviews, ranging from Fulmer Research (really great and exciting looking work, with reasonably good pay), through British Aluminium (great pay, but a bit boring) to working for the government, as a part of the then Scientific Civil Service (interesting job, but really poor pay).

My late father was a banker. He advised me, in words of one syllable, to take the poorest paid job with the government. This meant earning less than lads I'd been to school with who'd not gone to uni but had done apprenticeships. I did as he advised, and found the work great. They paid for me to get a PPL (!), gave me flight test training, and for the next 20 years I had one of the most interesting jobs I could hope for (the Falklands War being the only really sad part, lost several good friends and worked 23 hours a day for weeks on end).

I started work on a very low salary, but my late father kept on stressing the importance of a good pension. He was absolutely right. I didn't really enjoy the last 15 years working, having been kicked upstairs into management (something I never enjoyed), but it did mean that I ended up with a reasonable index linked pension and a roughly 100k tax free lump sum, together with retirement well before I reached 60. The past few years in retirement have been great, and I am finally very grateful for my late father's advice all those years ago. I may have suffered from low pay for several years, but I was taught to fly for free, have a log book with over 30 types in it, got paid to fly, had an immense amount of fun all over the world for the first 20 years, made many good friends and ended up with a comfortable pension and retirement at an age where I can (Insha'Allah) enjoy it for some time.
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