 I`m rich!!!!? |
just checked my spam and i`ve won £500k on the yahoo lottery!!!!! wa-hayy!!! should i ring my husband up and tell him to quit his job???
Additional Details
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 I would like to earn so money asap i am 13 years old any ideas ?? |
I can't really babysit or do things like that !
Has anyone got any ideas ?
Thankyou for taking your time to answer xo
Additional Details
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Frat | Can a family of 3 live on 60K pounds a year? |
I was offered a job position in UK. The offer is 60K pounds a year. My wife will stay home taking care of my 5 years old son. Can we live on that amount of money?
Whay would my tax cut be?
Do I get any tax cut for my son?
Thank you all |
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man290663@btinternet.com
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Many bigger familes live on much less, the UK is a very expensive place if its $1000 expect to pay £1000 but if your income is $100,000 expect that the same job pays £25,000 in the UK plus housing is more expensive than US/ mainland Europe as the UK is very crowded (60 million on something 30% size of france).
The average wage for a family in teh UK with both parents working is approx £50k.
The real question is will this give you the standard of living you want and that depends where you want to live and wether your company provides your living accom and vehicle.
You have the first £5k tax free then taxed at 20% for first 36-6K then 40% for rest. Plus you will have to pay national insurance of either 9 or 11% on every thing between £90 and £770 per week.
you MAY get a child allowance (£18 per week) for your child(depending on its nationality/place of birth) but no tax breaks as you'll be well over the upper level for Tax credits which is 28K.
If you want to live in Luxury in the UK on that figure not much hope but you can have a basic 3 or 4 bed house and live basically if paying it all yourself. or much better if employer provides housing and vehicle.
if you get these from your employer your TAX will rise though but by only 40% of the amount they give you! |
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suerye
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Your annual tax liability on £60k would be £14,626 and National Insurance would be £6000. Don't forget that healthcare is free here. £60k would be considered a very good salary - it's what MP's earn.
There is not tax relief for wives or children. |
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s.j.compton@btinternet.com
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Hell yea me and my g/f manage on less than half that |
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****
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Oh yes you can live on that no problem. |
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Baby Poots
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Yes. |
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badmannn
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a budget for a family of 3 is very luxrious
well done |
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truthmerchant
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That is a very good wage.
That is a lot more than I earn. |
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CHRIS S
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just about it depends on where you live |
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Suzi
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you need to look into this in a lot of detail, you will be on a high tax band (40%), depends on you cost of living etc. coul you wife maybe get a part time job when your child is at school if you need a bit more cash.
60k is an excellent salary, many families of 4 etc are living on a joint salary of £35-45k |
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Try n Smile
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60k a year? no problem living on that. Some people over here get about 12k a year before tax, you will not have any problem living on that! Although it depends what kind of lifestyle you lead!
You will be in the 40% tax bracket so you will paying 40% tax over the 40k. I'm not sure how you work it out though sorry. |
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jamesdean2002uk
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regardless of tax if i can live on way less than half that in surrey then you can no problem................. |
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fiance&kids r my life
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yeah u defo can b4 i won the lottery me and my fiance were just getting by on 14k a yr with 2 young boys! |
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tjw
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Thats twice the amount myself, wife and daughter live on |
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Medion
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When the average wage is alleged to be £26.000 a year, to say can you live on £60.000, will be a lot easier than 80% of the working population. You will get child allowance of I believe £19.50 a week, and your tax will be at an increasing rate over and above certain amounts earned. These can be checked on the Inland Revenue site.
Most people here would give their eye teeth just to earn the average, but are expected to live on a lot, lot less. You don't say what type of life style you lead, but even with £60,000 the cost's in the UK will probably be higher than you imagined. |
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Taf
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We pay 40% tax on income over £36k so if your wife can be paid any part of your salary it would be in the lower tax band.
60k is good for the majority, although renting, esp. London takes a surprising chunk. |
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Can anyone
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You'd probably manage ok, but it's not a lot - won;t have an amazing lifestyle, but it will be comfortable enough
Budding author (below) WHAT planet are you on? or what century are you in? £60k a year, I'm in my mid 20s and most of my mates earn more than that, believe it or not, some earn 3-4m a year working in the City (London) ... 60k a year is not a lot anymore my good man |
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QI
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You'll be fine. Consider where you might be living, though. Some areas are expensive for housing.
Try this web site:
http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/houses.stm
And where it's expensive for housing, it could be expensive for other every day things too. |
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budding author
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I would like to know where in the world you could earn that sort of money? £60k a year!
You would need to be a top professional, doctor dentist etc etc.
OK forget that , here is my answer.
I reckon £60k a year would mean a clear pick up of around £1400 a month after tax National Insurance etc.
The simple answer to your question is yescyou can all live very comfortable on that money. |
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Chris
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£1400 a month net for £60k gross!!!!...give me a break!......you'll get around £3400 net per month...£50k a year gross is around £2900 a month net for a single persons tax code.
Providing you don't try to live beyond your means, £60k a year gross should provide you with a comfortable lifestyle in the surburbs an hour or so from a major city, such as London.
I am a single guy and earn around £90k a year, live in London and that enables a single person to live comfortably in London. |
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