Dreams of Working From a Beach Risk Turning Into a Tax Nightmare

[NowPermOutsideUK]

I do love these threads where people talk about 100K salaries and some people think it appropriate to live in studio flats on flatshares. If you are earning 100K in london and want an average lifestyle that includes a three bedroom flat in a nice part of london and two kids and a STAH partner and school fees etc.

Having that lifestyle on 100K after tax is impossible - This was the point that was being forecfully put forward

Of course someone can eat pot noodles and sleep under a bridge but we are talking about professionals with 100K salary - Not a beggar

[vetran]

I do love these threads where people talk about 100K salaries and cry because they are in the top 2% of earners yet they don't know where their next avocado is coming from!

FTFY.

#CryForMillenials

[GigiBronz]

What the hell has this morphed into? It about tax implications of working from a beach somewhere foreign and now it's about how big your house is?

boomers around here don’t want you to work from a remote location and eat good food and show the middle finger to the estate agend that is adding 10% every year to your rent. They want you on £1 pot noodles doubting yourself and working yourself to exhaustion to keep the propped up housing market they’ve created so they can sell and move to spain and be boozed up by 10am

[eek]

more woe is me bulltulip

FTFY - if you don't like London move elsewhere...

[SueEllen]

According to your link the average UK household spends £2,548 a month (household size of 2.4 people), £30000 a year.

The average rent/mortgage is £300 a month. £300 may well be the average in the UK, as many households own outright or are rented social housing.

But if you pay a rent or mortgage of say £1300 a month, your household expenses are now £3548 a month (£42500 a year).

And if you are a household of four or five (instead of the average which is 2.4), also paying 1300 a month for housing as well, your expenses will be over £4000 a month (£48,000+ a year).

Our household living expenses, family of five, paying a circa £1300 a month mortgage, are £5000 a month so £60,000 a year.
If we lived more like the average household we could probably get that down closer to £4000 a month. But there is £1000 a month extra lifestyle creep from being a high paid contractor.

When my mortgage is paid off my monthly living costs will fall to £3700. When the kids fly the nest they will drop massively again.

Im not complaining about this, these are my life choices and I make well over £60,000 a year after tax so can afford it (assuming i remain in an outside contract!). But i struggle to see how most people could afford to raise a family these days. Well i know the answer, people aren't having as many kids anymore.
And young people are forced to live at home for longer before they can move out.

Your kids may not fly the nest util they get married if you live in a city and even then....

[GigiBronz]

Your kids may not fly the nest util they get married if you live in a city and even then....

I used to have anxiety about the future, considering that I have good job history, educated. The rest of the population is just hopeless.

Now I realised the plannet will be inhabitable in the 5 next years if things keep going this way so why even bother. Plan A is to make it in the city, start a business at some point. Plan B is get a small farm and live off it with being forced to onyl do occasional work. Good quality food will be troublesome in years to come.

What is the point of being a corporate stooge, putting in your 9-6, taking all the sh** in if you only get a few weeks per year and live frugally on pot noodles. Wait for the retirement? That is a joke...
If you compromise on food health conditions will catch up with you and >50 will be a mess.

FTFY - if you don't like London move elsewhere...

Yeah, good one. Like all the boomers say, move somewhere cheap. I do not have expectations so London is cheaper for me than any other commuter town.

but the country is f**** all around:

https://www.bbc.co.uk/bbcthree/artic...4-fee8e9fd9895

sooner or later redemption day will come

[BR14]

FOG

[Fraidycat]

What is the point of being a corporate stooge, putting in your 9-6, taking all the sh** in if you only get a few weeks per year and live frugally on pot noodles. Wait for the retirement? That is a joke...

Its not that bad, corporate pays well, they get 1850 hours a year from us, out of a total of 8760.

Trick is to find a high paying corporate gig you enjoy (at least on balance, all jobs and gigs have tulip periods), they are out there, you just need to quit quickly if you don't fit the culture and find somewhere you fit in better.

[vetran]

I used to have anxiety about the future, considering that I have good job history, educated. The rest of the population is just hopeless.

Now I realised the plannet will be inhabitable in the 5 next years if things keep going this way so why even bother. Plan A is to make it in the city, start a business at some point. Plan B is get a small farm and live off it with being forced to onyl do occasional work. Good quality food will be troublesome in years to come.

What is the point of being a corporate stooge, putting in your 9-6, taking all the sh** in if you only get a few weeks per year and live frugally on pot noodles. Wait for the retirement? That is a joke...
If you compromise on food health conditions will catch up with you and >50 will be a mess.




Yeah, good one. Like all the boomers say, move somewhere cheap. I do not have expectations so London is cheaper for me than any other commuter town.

but the country is f**** all around:

https://www.bbc.co.uk/bbcthree/artic...4-fee8e9fd9895

sooner or later redemption day will come

oh look you have a kindred spirit!

[Fraidycat]

Guy in the video is correct if you apply it to the average permie. 50 years working a dire corporate gig on an average permie salary. Insane.

As a contractor the client is the insane one in the relationship, paying us 150K (for some way more) a year to tap out a few lines of code every day.