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How much salary to have decent life and savings in London

Arun Yadav
Greenhorn

Joined: Mar 14, 2003
Posts: 19
Hi,

How much GBP(per annum) would be good enough to have decent life and savings in London. I would be staying with my family.

I am having around 5+ years of java/j2ee experiance. I am expecting salary of 34K GBP in some company in canary wharf, is this good amount? please advice.

Thanks in advance


Arun (SCJP-1.4, IBM-141, SCWCD-1.4)
"How hard you try is rooted to how often you try" - Doug Hall"
Campbell Ritchie
Sheriff

Joined: Oct 13, 2005
Posts: 38513
    
  23
I'm not near London but I don't think �34000 with 5 years' experience is at all good.
Arun Yadav
Greenhorn

Joined: Mar 14, 2003
Posts: 19
That's bit disappointing ..
can you please advice me what salary I should look for..

Thanks in advance..
Chen Venkat
Greenhorn

Joined: Mar 03, 2007
Posts: 27
For 5 years anything less than 45k Pounds is lower... 45K is just sufficient... technology guys in investment banks with 5 years make from around 58K pounds onwards from the lower side
Arun Yadav
Greenhorn

Joined: Mar 14, 2003
Posts: 19
Thanks Venkat and Ritchie for providing this details.
sameer P.
Greenhorn

Joined: Nov 11, 2007
Posts: 14
Arun how did you fetch job in uk. Did you go for HSMP and apply from india (telephonic interview) or you are right now in uk ?
Campbell Ritchie
Sheriff

Joined: Oct 13, 2005
Posts: 38513
    
  23
"Sameer" please check your private messages about an important administrative matter.

CR
Sameer Jamal
Ranch Hand

Joined: Feb 16, 2001
Posts: 1870
I don't think 35K is suffiecient if you are staying and working in London, an apartment will cost you around 800 to 1000 pounds, average electricity and water bill comes around 80-160 pounds , plus your own expenses, after tax what you will get is around 2000 pounds monthly. You will not be able to save enough
Mark Herschberg
Sheriff

Joined: Dec 04, 2000
Posts: 6037
Originally posted by Arun Yadav:
How much GBP(per annum) would be good enough to have decent life and savings in London. I would be staying with my family.


It's somewhere between 40,000 and 750,000 pounds.

In truth this is a useless question. There are people who would be happy living on 40,000 and others who would feel anything less than 500,000 would curtail their lifestyle.

Since we aren't you we have no idea what you care about--do you need a 2 bedroom or is anything less than 5 bedrooms uncivilized? Is a night out drinks at the put or dinner and the theater? Is a 3 day weekend spent in Bath or in St. Barts?

If you want a meaningful answer a a meaningful question. We can't guess your lifestyle. Rather say "I want to life the following life... how much will this cost?"

--Mark
Ben Souther
Sheriff

Joined: Dec 11, 2004
Posts: 13410

"sameer P.",
Please check your private messages.
-Ben


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