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Assuming you mean senior jobs in finance, 100K is a sort of modal zone. You lose your personal tax allowance just above, so there's a dead zone around there. Th
by lordnacho 6y ago
Assuming you mean senior jobs in finance, 100K is a sort of modal zone. You lose your personal tax allowance just above, so there's a dead zone around there. That's my guess anyway, what's the point of your employer paying 100% tax?
£500k as a salary is rare, most comp at that level is some sort of bonus.
I've heard of banks that hire people in at ordinary day rates, but then once they are familiar with the person will bump the rate to whatever.
- maccard 6y ago> You lose your personal tax allowance just above, so there's a dead zone around there. That's my guess anyway, what's the point of your employer paying 100% tax? It's tapered from 100 to 125k, but at no point is your employer paying 100% tax. From 100 to 125k, your marginal tax rate is ~60%, but drops after that point. > £500k as a salary is rare, most comp at that level is some sort of bonus. Even with bonuses, or RSU/some other form of shares, I think "rare" is understating it, and that's exactly the point. The discussion in this thread is that the top performers in FAANG are clearing _well_ above these values (multiples of these numbers). > once they are familiar with the person will bump the rate to whatever. Can you be a little more clear with the "whatever" number? 100k? 500k? 1m?
- varispeed 6y ago1000 - 2000 a day
- lordnacho 6y ago> It's tapered from 100 to 125k, but at no point is your employer paying 100% tax. From 100 to 125k, your marginal tax rate is ~60%, but drops after that point. Actually you're right, I had misunderstood something. Looking at an online calculator, if you go from 100K to 125K gross, you take home 10K more.