3 ms·
Taxes are a lot more complex in Germany - you need to in add in social security charges (e.g., health insurance, nursing contribution, pension contribution, etc
by ipsi 5y ago
Taxes are a lot more complex in Germany - you need to in add in social security charges (e.g., health insurance, nursing contribution, pension contribution, etc, etc), and you'll generally pay more in tax in Germany than you would for an equivalent number of pounds in the UK. I know, because that's what happened to me (I received a large enough pay rise to balance it out, so net income was the same either way).
The exception is once you go over £100,000 and hit the brief 62% tax bracket (remember to include NI) - then it starts to equal out again.
- voqv 5y agoIt's the UK tax that is more complex for me as i'm not familiar with it. Isn't the NI more or less the equivalent of social security charges? But now I understand where my math is wrong - I got the UK tax brackets wrong. For Germany I took ~42% (actually 39%) as what the state will take from a 58k€ salary but in the UK the state will take 25% of the £50k salary (most of the income in the 20% bracket). That is indeed significantly less.