Just got this months wage slip and compared against one for the same period in 2008: Salary - up 12% (lucky me) Take home pay - up 8% (why not 12 then but considering the backdrop!)) Tax - up 19% (thats why then) Pension contribution - up 32% (for around 30% less and later retirement) National Insurance - up 9% Not sure what I conclude from this as some folk would say I'm doing well to have adecent job in the first place but ye makes yer bed eh!
The Beatles - Taxman i think these guys nailed everyones thoughts with this track. you should check them out - an up and coming young liverpool band!
You wait till you retire. You may have got, what was it, a 12% wage rise over 2 years. As you are good at maths what percentage is £1.50 of £97? over 2 years cos that was my wage/pension rise and we still have to pay the same in utilities/mortgage/car/food bills and unless you have had the fortune in being able to save (which I haven't). At least you are better off when you are younger cos you have more chance of working, that extra job, who want's to employ an old-age-pensioner? I still have to keep my Air Cooled on the road and the only benefit i have is no road tax, but so have you. Me say "you are doing well but you've got to do better"