Nowhere near as much - especially when it comes to accommodation. To pay a £1500pcm rent on a modest house in outer London while commuting to work, I would hav

Nowhere near as much - especially when it comes to accommodation. To pay a £1500pcm rent on a modest house in outer London while commuting to work, I would have to earn about £60k more than someone who owns it outright and lives off dividends with the same disposable income, and therefore I’d be paying £25k more in taxes. On top of that the owner would see their wealth increasing at a further £50k a year, which would require even more income to match. In the UK income is taxed at 30-75% (including NI, income tax, student loans, and child tax). Capital gains is 18%-28%.