4 ms·
Lack of competition and venture funding
by tasubotadas 5y ago
Lack of competition and venture funding
- dbetteridge 5y agoAlso different employer expenses per employee, I don't know them off the top of my head but the UK tax levels are pretty high.
- swarnie 5y agoHigh and only getting higher, along with insane housing costs in that area its not an attractive proposal unless you plan to use the experience to move somewhere else.
- dbetteridge 5y agoBasically the way I did things. 2.5 years in London to level up my skills and work in a few startups, then buggering back off to Australia for CoL that while still expensive is less than London and much better weather and similar salaries to London.
- tasubotadas 5y ago45% tax
- mattmanser 5y agoThat's not the employer tax rate. They pay like 13% national insurance. The rest of the tax is paid by the employee. And the 45% rate is only on any earnings OVER £150k. So the money eart less than that is at lower rates.
- JonChesterfield 5y ago60% between 100k and 125k, then 40% to 150k, then 45% beyond that. Which is weird and hidden behind incrementally removing the 'personal allowance'. Threshold is probably 100 + (personal allowance)*2 where that was 12.5ish last I looked. Also some state support (childcare maybe?) evaporates at 100, which is fairly similar to another tax.