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Hi fellow fishies!
Can someone please explain what is “SUPPLEMENTARY allowance” in my payslip??? It is the highest in my entire payslip, more than basic salary. Basic is lets say ₹7 lac annually and supplementary bonus is ₹7 lac 40 thousand.
Can someone please explain why this exists in my paylslip, is it good or bad from tax perspective and shall I ask my HR to decrease it???
Please help asap.
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I'm looking to find a job like the Forward Deployed Engineer role Palantir Technologies in the UK.
I have become hooked on finding a job that involves solving the kinds of problems they presented during their interviews. Although I got to the final round my performance anxiety got the better of me (I think I wanted the job a bit too much...). I will reapply after working in a similar company.
Is it "deep tech" / "data science" or "smart enterprise" that they're doing? Any advice welcome.
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Hi there, I’ve been told that Deloitte (London, UK) is going to make me an offer but haven’t heard back and it’s been over two weeks. The recruiter mentioned it would be around the “m2 grade”. Any idea what this pay range is? … I have 3 YOE working in NHS finance and have applied for a position in Risk Advisory, public sector. Curious what life at Deloitte is like? Does a work life balance exist?
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That's ~8k per month.
Let's say you spend 3k a month on a nice flat and bills. That leaves £5k a month for food and fun. You can save £2k a month to max out your ISA and still have £3k a month left which is spending ~£100 a day every day.
What are you spending on?
I think a better question would be what would make you 'feel rich' and work out if that is attainable. The thing that makes me feel poor is the quality of housing and knowing I earn 3x my neighbors but they moved here 20 years ago.
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Yes, I think its mainly the rental and associated costs. I have decent pay now but mot much by way of savings though I’m well into my 30s. The housing and rent market makes me feel like I never would. Married with a child.
Come to the US. Much more affordable and much higher salaries.
I understand what you’re saying, OP.
I also managed to almost double my pay in the last two years. So now I’m in the top 1% UK earners and still feel very poor.
I’m an aggressive saver also and my partner is also a high earner.
But we still live in a 1-bed which is almost 2k (rent only).
We’re trying to buy a house but the “affordable housing” schemes for new builds in our area (we live East, and not posh area) start from £1M for a 2-bed, 55sqm). I just feel it’s insane.
We started saving aggressively 4yrs back with this aim in mind when the properties were 650-700k and it feels we’re not even close with the way the housing market is going.
Not to mention living costs, social activities etc
Our aim was to start a family soon, but the prospect of our savings having such a hit, to compensate for rising costs, really scare us.
We’re also not risk takers, especially financially, because we know how it is to have a decent living and then have nothing (we’re immigrants but now British citizens).
So to answer your question, your concerns are valid. I think it depends a lot on circumstances and if savings make you more confident for your future.
I think OP got it.
You’re spot on with the math as well, OP.
Also, VP1, you may be right. I am a calculated person and do invest wisely, hence why I said I’m not a risk taker.
Also, for us and our careers (we both work in PE/ consulting) we need an entire system around having kids- childcare, babysitter etc.
Which will be expensive.
Also, to answer the what are you saving for question: I think everyone needs 1-2 yrs of saving for unexpected events (illness, job loss, etc). This is if you have no back-up like family help, which we don’t.
Anyway, I was just trying to share a perspective to support OP’s argument.
Wrong place to ask the question
However agree with your point
Congrats on making 2x
That’s great
I meant you will get told you earn a lot
Quite curious, how much are you on rn? I think its only when I hit around 80K base I started feeling okayish in London, but still like a student in many ways lol
If you're finding things expensive when on 160k you've got some serious spending issues.
Best not to compare yourself too much with others I find. It was only after I joined Deloitte I noticed how relatively common it can seem for parents to gift you your first flat, pay you a monthly allowance and buy you a car, so you can keep all your salary for investments or savings. Don’t think it’s unique to London or any other large metropolis.
OP - interested to see how you felt when you were on half of that
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Fair point. Though rents and costs seemed much more manageable. With inflation everything’s already 25% more atleast. Including my rent.
I downsized when rents went through the roof, from a 2 bed to a 1 bed. My rent is now 15% lesser than it was a year ago, best decision ever and I'm able to absorb inflation hit on other expenses. I think we don't realise how much space we actually need, especially with the busy lives we lead