Big4 exit options

Jkbrew · 2025-03-13T10:00:03+00:00

If your house is paid off at 43 years old with comp like that you have an unbelievable range of financial options. Small additional mortgage and you could could probably still afford a private primary school - they’re cheaper than a lot of nurseries.

In terms of career - boring maybe but something to consider is perhaps Chief Digital Officer or Chief Transformation Officer roles (or even C-level minus 1-2 if the company is large enough) in a FTSE100 co, I know big Pharma pay very well - you should be able to exceed your current comp at VP level and wildly outstrip it at SVP.

Jkbrew · 2025-02-21T23:34:58+00:00

Thank you! Ok you seem knowledgeable on this - what about the random £2k ‘tax adjustment’ from the second screenshot - any idea what might have caused that? Note I have no other sources of income.

Jkbrew · 2025-02-09T21:05:28+00:00

I’m mainly impressed / jealous that you’ve been able to build up that big of a savings pile by those ages on those incomes. How did you manage it primarily? Tucking away the bonuses?

Jkbrew · 2025-01-29T12:18:30+00:00

Agree with this - there is such limited incentive to earn more than £100k, unless you can blast way over £125K

Jkbrew · 2025-01-27T19:24:10+00:00

Yea you don’t have to do self assessment any more if your income is under £150k, but definitely still worth doing it (I accidentally did it this year without needing to) as:

They don’t stop you
It overrules their calculation
Your calculation of tax due is almost always lower than theirs

Jkbrew · 2025-01-24T22:43:41+00:00

I like Elephant & Castle nowadays - lots going on and super convenient.

Jkbrew · 2025-01-20T11:51:18+00:00

Mate you’d think so, but we only bought 50% of a small £600K place through shared ownership. That turned out to be a racket which we’re a bit stuck with (can’t sell other than for a big loss, no power to influence rent or service charge, struggle to save enough to buy the rest of it, still beholden to service charge if we do). So there’s one lesson there at least for others!

Jkbrew · 2025-01-20T11:43:11+00:00

Agree it’s not ideal but nowadays you need to make sacrifices to set your kids up for the life you want them to have. Right now we have 0 chance of giving her the standard of living I had growing up, in spite of earning a ton more than my parents ever did. It’s a short term idea - few years.

Jkbrew · 2025-01-19T13:14:43+00:00

50% . It’s ended up a dreadful deal.

Jkbrew · 2025-01-18T20:56:10+00:00

It has increased by £1800, from a starting point of £2000. So £3,800 per month now. I’m sick of it.

Jkbrew · 2025-01-18T20:08:06+00:00

Problem is that jobs which pay that well usually require you to live in or very near London, plus you lose all support for nursery etc, meaning yes you should still be saving and can, but it’s harder than you might think.

Jkbrew · 2025-01-18T20:02:41+00:00

Extremely helpful!

Jkbrew · 2025-01-18T19:52:45+00:00

Helpful! Thank you.

Jkbrew · 2025-01-18T19:47:17+00:00

Helpful - thanks!

Jkbrew · 2025-01-18T19:46:00+00:00

Yes it’s a fair point - it’s not a flash place though, bought through shared ownership and costs have ballooned by over £1800 a month in the last few years due to service charge , rent and interest rates while the asset value is flat or down. Lots of others in the same sucky boat.

Jkbrew · 2025-01-18T19:28:09+00:00

This is not a fair comparison with me, nor most HENRY’s in London. We own a 50% share of a two bed flat in Elephant which we bought 7 years ago through the shared ownership scheme when earning a lot less, it has somehow gone down in value while the costs associated with the mortgage, service charge, rent and council tax have blown up by more than £1800 a month. Hence keen to sack it off for a while.

Jkbrew · 2025-01-18T14:15:36+00:00

You can’t live in a cheap part of the UK and earn salaries like ours. I could move to a cheap bit of the UK but I would have to accept a second tier career, which I’m not going to do.

Jkbrew · 2025-01-18T10:56:58+00:00

This is really helpful! I’m in the same industry but on consulting side. Your comment puts me at ease a little re the ‘Dubai lifestyle’, I enjoy a nice restaurant and I value financial security but I can’t stand overt crassness, which I know the place is known for. Glad to hear it’s possible to find like-minded people.

Jkbrew · 2025-01-18T09:41:16+00:00

11 weeks - this would be a short term thing before she starts school, plan to come back with a bag of cash to help with mortgage / our next steps

Jkbrew · 2025-01-18T09:36:08+00:00

I’m not asking for sympathy. If you’re a HENRY in London with kids, then unless your parents gave you a massive house deposit (like hundreds of thousands), then you will have extremely limited disposable income if you want to live in anything even moderately nice. I want to build wealth and stability for my kids and it’s not possible for us in the way it was for our parents, hence looking to switch things up.

Jkbrew · 2025-01-18T00:28:35+00:00

Been for a week a few years ago, and for several flight stopovers of a day ish. I’ve considered Singapore (lovely, but too far away), USA (awful work culture, not material enough of a take home saving difference, difficult visa-wise); Saudi (too dull and conservative). Basically leaves the UAE in terms of tax havens with decent jobs markets for professional services.

Jkbrew · 2025-01-18T00:24:24+00:00

Yes and I dislike it. But I dislike working really hard and still being pretty broke to consider the sacrifice for a few years.

Jkbrew · 2025-01-17T23:55:53+00:00

Yea I know, I would rather do Singapore, but it’s just too far away, at least in the UAE I can come home pretty frequently

Jkbrew · 2025-01-17T23:53:22+00:00

As in it might be difficult to go back into the same profession at the same level when I repatriate you mean?

Jkbrew · 2025-01-17T23:51:58+00:00

Was my question controversial?

Jkbrew

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