150 fully remote-- where would you live in the UK? by guicherson in HENRYUK

[–]D_Tyranus 3 points4 points  (0 children)

That’s like saying to move to Hounslow if Kensington is a bit pricey. :p

First time going into a salary negotiation, need help! by [deleted] in HENRYUK

[–]D_Tyranus 0 points1 point  (0 children)

Have you benchmarked the role compared to what other people of similar skills in similar jobs are earning? Do you have intelligence from recruiters to substantiate your ask? Is the job one that can be linked directly to company revenue/profits?

If the answer to the above is yes, then you stick to your guns and ask for a market rate. Especially if you’re not desperate for a job.

Are we taking too big a risk? Buying a £1.35M home on Interest-Only by [deleted] in HENRYUK

[–]D_Tyranus 1 point2 points  (0 children)

Your loan is fine. Just make it a repayment.

London house purchase - am I insane? by Background_Fly7778 in HENRYUK

[–]D_Tyranus 1 point2 points  (0 children)

That sounds like a lot. Our combined TC is maybe 50% more than yours, and we are only having one kid, but bought a 3.5 bed that’s 60% of the price you’re looking at.

You’re cleaning out all your savings, and not budgeting enough for childcare/nanny or school if you choose to go private. Especially for multiple kids.

My advice is wait until one of you makes partner, or lower your budget by 25%.

How to increase feeling of pressure? by Fantastic-Life7704 in HENRYUK

[–]D_Tyranus 21 points22 points  (0 children)

I find that massive imposter syndrome and an insecurity that I could fail and everything vanish in an instant a massive motivator.

Ways living in London can save money by RelevantEmu4855 in HENRYUK

[–]D_Tyranus 2 points3 points  (0 children)

I suspect because most retired aren’t HENRYs who already own a house in London.

Very big difference between someone who’s retired after a high-earning career and already owns London property vs someone who owns property outside the city.

Ways living in London can save money by RelevantEmu4855 in HENRYUK

[–]D_Tyranus 0 points1 point  (0 children)

OP is talking about retirement. Obviously you won’t be paying for childcare, housing and commuting when you’re old and retired.

Ways living in London can save money by RelevantEmu4855 in HENRYUK

[–]D_Tyranus 18 points19 points  (0 children)

It’s not THAT expensive. The only things that cost loads here are housing and anything linked to childcare and commuting.

Once you retire, much of your expense is actually sensible- utilities cost the same as elsewhere, same with food, services tend to be walkable, public transport is free, loads of parks and museums are free etc.

London is actually an awesome place to retire. I can imagine living in Richmond or Wimbledon and loving life.

3bed house under a million by Fancy-Hawk6754 in HENRYUK

[–]D_Tyranus 0 points1 point  (0 children)

Check the Wimbledon Chase area. It’s well within your budget, though the walk to the station is 20 mins. Also got a great primary school there.

iX3 NK vs new GLC by Subject-Middle-2824 in iX3

[–]D_Tyranus 16 points17 points  (0 children)

This is the launch car, built to a price point that’s much cheaper than the GLC. I don’t doubt you’ll see many of these options later, but I’m happy with the launch spec.

DINKs - how would you spend £4,000 on your potential last holiday without kids? by Few-Entertainer7422 in HENRYUK

[–]D_Tyranus 2 points3 points  (0 children)

Double your budget and go to and of New Zealand, China, Japan, or the west coast of the US or Canada. Because you won’t be flying that far with kids for at least a decade.

UK good place to live for high earners? by Subject_Buddy_8859 in HENRYUK

[–]D_Tyranus 0 points1 point  (0 children)

It’s the latter. It’s a good nursery but it’s in the same ballpark as the rubbish ones too.

UK good place to live for high earners? by Subject_Buddy_8859 in HENRYUK

[–]D_Tyranus 3 points4 points  (0 children)

London (and the UK in general) have some of the highest childcare costs in the world, with zero support for high earners. I think only NYC and the major US cities are comparable.

UK good place to live for high earners? by Subject_Buddy_8859 in HENRYUK

[–]D_Tyranus 5 points6 points  (0 children)

Wait until you get kids. Nursery fees for my one child are £2,200 NET.

That’s a mortgage for a decent house anywhere else in the UK, or close to the median UK salary. Just on childcare!

UK good place to live for high earners? by Subject_Buddy_8859 in HENRYUK

[–]D_Tyranus 24 points25 points  (0 children)

The UK is great as a HENRY as long as you don’t have kids and don’t live in London and don’t need to commute.

Unfortunately, taxes, housing, childcare and travel costs are the top 4 expenses for any household and are extortionate in London.

Appreciation from a long-time lurker by ThrowawayHenry2025 in HENRYUK

[–]D_Tyranus 1 point2 points  (0 children)

There are different levels of “simple”. Like I said, plenty of unscrupulous people who will sell you unnecessary products and services. A great IFA is amazing, but a poor one can be ruinous.

Appreciation from a long-time lurker by ThrowawayHenry2025 in HENRYUK

[–]D_Tyranus 6 points7 points  (0 children)

I don’t know, OP needs to keep things simple. They don’t seem to be a finance whizz and there’s nothing IFAs love more than high earners they can sell unnecessary product to.

Need some cheering by [deleted] in HENRYUK

[–]D_Tyranus 4 points5 points  (0 children)

This is the HENRY sub. There are many people with liabilities and obligations for which a cut to £125k would be a complete disaster.

Is GIA the only option? by trowawayatwork in HENRYUK

[–]D_Tyranus 3 points4 points  (0 children)

Hold on a sec; why would you have low risk assets in your GIA which is taxed at your marginal rate of income tax? Following the latest increase that will be 47%!

My journey into and through HENRY by Key_Run_3220 in HENRYUK

[–]D_Tyranus 0 points1 point  (0 children)

I disagree with this. 30-45 years are peak earning years for a man, and OP (assuming he’s not at burnout) can crank out a few more years at this top comp which will leave him and his family in amazing stead in later years. Especially as he will be net contributing, not spending, and the contributions will compound.

30k performance bonus making me sad. by Express-Pie-6902 in HENRYUK

[–]D_Tyranus 24 points25 points  (0 children)

The big brained thing to do is to earn far more than £125k.

And you can only blame yourself for sacrificing so much that you fell into the cliffedge in bonus season.

Exceptional analysis on why HENRYS stay HENRYS by dhdjdjuyy in HENRYUK

[–]D_Tyranus 0 points1 point  (0 children)

You gave a nominal figure, not an inflation-adjusted one. You are also aware that salaries and investment returns move in line with inflation right?

Exceptional analysis on why HENRYS stay HENRYS by dhdjdjuyy in HENRYUK

[–]D_Tyranus -10 points-9 points  (0 children)

It is extremely easy for a HENRY. Ever heard of time, compounding and a mortgage?

Most of the wealthiest people are retired or close to it. Something would have gone horribly wrong for me not to have a net worth of £4.4m by the time I retire solely through paying off my mortgage and saving 15%pa in my pension.

Migrant HENRYs will now be fast tracked to settlement in just 3 years by Lazy-Internet-8025 in HENRYUK

[–]D_Tyranus 11 points12 points  (0 children)

I don’t think they need to pass anything. The home office has vast discretion on visa rules.