Annual Income??

[jd_1984]

I realise that peoples circumstances, needs and wants and budgets are very different.

But, what do you judge as a good joint annual income these days, two adults both working full time?

[sandyRoe]

jno, private medicine is a cut throat business. One of the other quacks would soon start gossiping about your straitened circumstances.

[Slapshot]

Could these loaded docs get their golf clubs in a Robin Reliant????

[ummmm]

It all depends on outgoings.

[Maydup]

Out here in rural Norfolk, the average income per household is unlikely to be much more than £50k. If there are two incomes and one is £28k and the other on £15k, they are a very lucky and successful couple.

[Daffy6543]

Wow, never realised there were so many well off, middle class people on AB! I bet you would all be completely horrified to know what me, my oh and our son survive on.

[mikey4444]

Sqad...I was merely pointing out that to the average person, £100,000 to £150,000 is quite a large sum. I have no doubt about your worth and how hard you had to work for it, and good for....I'm pleased ! But given average annual salaries, to have an income that high is unusual. Perhaps I should withdraw the word "fortune"

[jim360]

My parents earn somewhere in the region of 40-50k gross, and my Mum being in the Civil service hasn't had a pay rise in basically 6 years, so it's somewhat of a surprise to hear 100k+ being described only as "should be comfortable". I expect parents' money goes a lot further these days now that I've left the nest and am self-sufficient (on about £14k a year plus some expenses, which actually seems to be good enough to manage a comfortable lifestyle), but it still seems rather less than Sqad's level of comfortable. I suppose it depends on what you are used to, to be sure -- if my income were doubled I wouldn't know what to do with the extra money, but if someone else's income where slashed to £25k net then I'm sure they'd feel buggered.

[Psybbo]

Retired now, so joint income about £48K but if you have children, you'll need to factor in {gawd, I miss him} uniforms, school trips, university fees, student rents and various unpaid bills, i.e. mobile phones etc. and occasional panics.
Good luck

[tamborine]

I quoted Benefit cap = £26k tax free!

To match the BCap your salary would have to be £40k.

[tamborine]

Work it out here. jd_1984 dont save, spend spend spend & get benefits....you know it makes sense.

http://www.moneysavingexpert.com/tax-calculator/

[jno]

jim, it will depend at least in part on whether they're still paying a mortgage. We are now free of both mortgage and jno jnr, and it makes quite a difference.

But using freedom passes on London Transport (if you're old enough to get the local equivalent), buying meal deals in the supermarket etc helps to cut down the outgoings.

[jazzyjen]

OH and I both work for not much more than minimum wage. We Gross less than £20k between us (not entitled to any benefits).
However, we live in the north where property and prices are cheaper and we have always lived within our means. We have no debt.
We manage to run 2 cars, educated our two children privately (with the help of bursaries) and put them through uni, bought a holiday home in Spain and visit at least twice a year. I would say we have a good standard of living and I count myself lucky for it.

[mikey4444]

I have a sister-in-law who is always complaining about being short of money, and my poor brother works all the hours sends ! But she won't get a job, and insists on getting all her groceries from M+S ! Her Xmas dinner comes in M+S trays, covered with cling film.

She also wastes money by buying brand-name toilet cleaners, washing powder, etc,etc, instead of saving a fortune by getting some supermarket own make.

I have tried to tell her that its the brush that does most of the work down the ruddy toilet but she refuses to listen. Makes me MAD !

[Tilly2]

Good for you, jazzyjen. That's something to be proud of.

[Caran]

I feel way out of my league on here tonight. When OH and I were working we probably earned £25 between us. We managed very well. No mortgage but that was due to my late husband dying twenty seven years ago, and the insurance paid it off.
OH and I lived well, we had over the years two boats and two motor homes, not all at once!
Now we are retired our income is less than that but we still live well. Go abroad about three times a year, holiday in GB about two to three times a year. Run two cars, and still manage to save each month.

[Khandro]

Do I sense a little hubris if not b*ll *** around some of these answers? If £150,000 is really just "comfortable", it's little wonder that the NHS is in a state of collapse.