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Topic: Is it true that 70k pounds a year puts you on the top 5% earner bracket?  (Read 1023 times)

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Hi people,
I have been (part time) job searching  and stumbled upon some article about this.
Clearly I won't be earning that much but I am curious to know if 70k really puts you on to the top 5



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Re: Is it true that 70k pounds a year puts you on the top 5% earner bracket?
« Reply #1 on: October 18, 2018, 01:33:46 PM »
Yep, it does... and only 2% of the population earns above £100,000.

The average UK salary is about £27,000, and anything above about £35,000-40,000 is a very good salary (in fact, earning above £46,350 puts you in the 40% income tax bracket as opposed to the 20% income tax bracket).

As of 2016:

- 90% of the UK population earns less than £54,000 before tax

- 85% earns less than £45,000 before tax

- 80% earns less than £40,000 before tax

- 75% earns less than £35,000 before tax

- 50% earns less than £23,000 before tax

See: https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax


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Re: Is it true that 70k pounds a year puts you on the top 5% earner bracket?
« Reply #2 on: October 18, 2018, 06:00:48 PM »
Salaries in the UK are generally much lower than the US.  There's a bit of a sticker shock element when job searching after you've moved here when you're used to a US salary.


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Re: Is it true that 70k pounds a year puts you on the top 5% earner bracket?
« Reply #3 on: October 19, 2018, 08:14:20 AM »
There's also a massive regional difference between the south and North.


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