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In-hand salary for 18LPA?
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Any thoughts on Baringa Partners?
Is there any ongoing hiring freeze in B4?
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LOL. Try this but use the desktop version: https://listentotaxman.com/m/
Tax is 40% on income. Then sales tax here is 20%. There are no financial upsides compared to the US. But we have job security and protections you don’t have, and social services etc.
Chief
Taxes are higher here. The upside is the roads, power, and public transport actually work.
Roads in the UK are dreadful compared with the US. There’s so many potholes not to mention the general quality is just poor. Trains are very expensive in the UK.
Rising Star
Also free healthcare
Also maternity leave packages in consulting are much better in the UK...on top of giving birth for free
You seriously thought coming to Europe there would be a tax upside? 🤭
Maybe if you’re moving from California....but still unlikey
Depends what you make. Sales tax in the UK is 20% and income taxes range from 20%, 40%, 45%. On the plus side property tax (council tax) is lower in the UK than the US. Working for BCG I imagine you’ll be in the 40% tax bracket at least, so in short London is very unlikely to offer you a tax upside.
Conversation Starter
Use the link above or this one: https://www.thesalarycalculator.co.uk/salary.php to figure out your take home pay
Also this isn’t a concern with COVID right now, but make sure you aren’t back in California for more than 30 days a year or you’ll be taxed the resident rate
If you are moving temporarily, you wouldn't be taxed at the highest rate as your income for the year in UK will be much lower. But if you are US citizen, your income in UK might be taxed in the US too
Could you elaborate further in terms of the differential? Move is temporary - under 1 year