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Question of the Day: Have you ever been to an airshow?
How much money do you earn? And how do you spend it?
- Thread starter Sly21C
- Start date
No, I’m saying it’s not equivalent to R3.9m. It’s more like R1.6m here
But it’s not just rent, it’s renting a place in the UK.
It is exactly equivalent to R3.9m - it’s like saying that a 7 Series BMW is the same as a Honda Civic because they both have 4 doors. If it’s all about the doors to you, that’s cool, but there are reasons that the one is priced above the other.
Well my Mortgage is £1600. No need for private schooling. So I’m not sure why you’re including that.
I have to ask - why is it so important to you to keep on telling people here in SA how much you earn?
I know we had chats in the past; but its like you have no-one else to share your wealth with.
And if the UK is really 2.5 times better than SA, then it’s totally worth it. But “earning pounds” doesn’t mean what it used to. I think you’ll find you have less disposable income in the UK.
I’m always curious about the emigrants who continue to post prolifically on a very South African forum, “Mama I made it!”
I haven’t told anyone here how much I earn, you are mistaken. I do however suggest that they deeply consider certain choices or reason through scenarios, like this one in order to avoid using rose tinted or simplistic thoughts that tend to sell a lie built entirely to allow the propagators of the lie feel more comfortablez.
It’s called “trying to help through lived experience”
I’m far more curious about people who think that that expats who are still SA citizens and have SA friends and family, who are probably the most qualified to talk about the pros and cons of living abroad, have no right to post on subjects that don’t support a specific provincial world view..
At its core, it’s an ad honinem attack. Used to drive perspectives out of an echo chamber.
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Oh stop it. You keep on showing how much you earn. Discussed before.
You do not have anyone to share your wealth with, do you.
Where?
That depends - the dynamics of spending and saving are very different at different income levels, and maximization of disposable income is only one potential objective function.
To be specific, yes you can make R4m in the UK, but you can also make R8m or R16m or more unlike SA (unless you’re C staff).
Then on the other side, yes, it could be 2.5x or more better depending on your value function. If you like braais and rugby, or even quick access to a nice beach and good weather, some parts of SA are hard to compete with. If you want to do more interesting work, see the world, be able to retire back to SA (or some other arbitragable country), live in a safer place for you and your kids, and experience 1st world culture and living, then it’s a win.
This from today’s Telegraph:
Once upon a time, earning £100,000 was an aspirational benchmark, a sure sign of financial success reserved for the savviest business minds or professionals at the very top of their game.
But this milestone has turned into a millstone – and is no longer reserved for the elite few.
A record two million people will fall into the £100,000 “tax trap” in the 2026-27 tax year, according to HMRC’s own forecasts, a steep rise from 1.2 million five years earlier. This is what happens when wage growth drags more workers above frozen tax thresholds that do not rise with inflation.
The curse of the six-figure salary is the tax system’s harshest cliff edge. At this level the tax-free personal allowance begins to taper, disappearing completely by £125,140, meaning 62p of every pound earned in this band is lost immediately to income tax and National Insurance. Childcare support is also withdrawn, costing parents tens of thousands of pounds in nursery fees.
In some cases, it's not until workers earn £145,000 that they are better off than before they earned six figures.
How is this relevant? A lot of countries have tax benefits that disappear above a certain wage level leading to a tax bump at a certain range.
If I have to explain the relevance given the post of someone who said they earn £176,000 then your 25 years abroad have done you no good.
Are you sure you know what you’re talking about? That’s a ~5000 pound fixed yearly cost. That’s not very much in the scheme of things.
Y'all Qaeda
Username approved by US Airforce
I mean, we paid less than half that for a 3 bed 1.5 bath, still have an attic left for some space. Depends where, but it sounds like you're trying to buy an SA house in NL. You can do much better if you buy just across the border in Belgium - yards are much bigger - makes taxes a bit fun though. And ultimately for us, we didn't fancy the daily drive for our sons school.
I was actually thinking the same when I was catching up. Bro is almost every post is a "trust me bro I am fkn loaded".
Good for him, or her, since you cannot assume gender. Whether it's true or just a LARP, we'll never know.
Why do you guys go onto a salary transparency and expenditure thread if you’re going to get all jelly when people who have done better than you discuss the topic?
Learning from more successful people who are direct and open on topics of wealth, and career development were key to reaching my level of success. Pointing fingers is just a coping mechanism to justify mediocrity.
yogidabear
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That article makes it sound like they pay 62% tax but it weirdly seems to include pension and a student loan repayment. On that salary £125,500 you pay 35.6% tax incl national insurance. https://aftertaxuk.com/
Maybe it was just me that was confused but know we still have quite high tax here so that looked hectic