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Ask HN: How much do you make in London?

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Re: Ask HN: How much do you make in London?

#51

Post by matthewmacleod »

frowaway_lon wrote: post #48

This is a bit depressing. In 2010 I retired from full-time post as Investment Bank, front office senior dev on £100K with 30-50% bonus, 20 years experience. C++, Java, Sybase, finance tech and domain knowledge, and colleagues in hot areas were getting way more than that. My impression that rates are dropping seems to be confirmed.

Those developers I know who work in similar industries to the one you describe are taking broadly similar salaries; I suspect the bias here is away from those kind of position.

Re: Ask HN: How much do you make in London?

#53

Post by throwaway64928 »

throwawayPayLdn wrote: post #31

Just switched roles so can give two: Small Investment Bank - 61k + ~30% Bonus (3-5years experience) Java / Angular - Back Office Developer - Permanent Small Hedge Fund - 65k + 50%+ Bonus (expected/promised) - .Net / WPF (5years experience although not in .Net) - Permanent

What are the hours?

Re: Ask HN: How much do you make in London?

#56

Post by ionwake »

Throwaway33333 wrote: post #40
ionwake wrote: post #37

Earlier quoted context omitted.

How is the contracting market health these days? Are you finding it easier or harder to find contracts? What is your average downtime between contracts?

I had 15 unpaid weeks this year wrapped around the referendum. Last year I had 7 unpaid weeks.

Do you rely on random calls from agents throughout the day to setup your next role or do you have a couple you rely on? How many calls / emails do you get a day?

Re: Ask HN: How much do you make in London?

#59

Post by andyjohnson0 »

jakub_g wrote: post #38
pmuk wrote: post #23

Earlier quoted context omitted.

Yes salaries are advertised gross, and you deduct tax from the gross figure. Try this site: https://listentotaxman.com/

I mean, for example in France, the salaries might be advertised as "€35k", but from this you deduct social charges etc., and you pay tax from the "taxable income" which would be for example "€27k". Does this work the same in UK, or do I pay tax exactly from what the job offer says?

In the UK you pay National Insurance (NI) on your gross earnings. NI pays for things like the National Health Service. The amount you pay depends on your employment status and how much you earn [2]. I assume this is similar to "social charges" in France.

After deducting NI and the tax-free allowance [3], you pay income tax on whats left. And whats left after that is yours to keep.

Most regular employees have tax and NI automatically deducted from their monthly/weekly pay by their empoyer. This is called Pay as You Earn (PAYE) and keeps things simple. Company owners, contractors, etc. often pay tax yearly or half-yearly and often employ an accountant to arrange this.

[1] This is the amount that the job pays, before all taxes and deductions.

[2] https://www.gov.uk/national-insurance/how-much-you-pay

[3] https://www.gov.uk/income-tax-rates/current-rates-and-allowa...

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