Jump in income, what should I look out for

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

Post Body

Hi all,

I'm (33M) starting a new role and the jump is from ~£40K (Gross) to over £100K (Gross plus bonuses)

I know I'm going to have to start doing a self assesment for Tax, is there anything else I'm going to need to look out for?

This is a huge step up for me and I'm afraid of mismanaging it or letting lifestyle inflation creep in on me.

Any advice is welcome as I'm in way over my head on this

Cheers

Edit: I've a mortgage but no other debts, no car or children

Author

Account Strength

100%

Account Age

7 years

Verified Email

Yes

Verified Flair

Yes

Total Karma

376

Link Karma

252

Comment Karma

104

Profile updated: 3 days ago

Posts updated: 8 months ago

Oilean_Iathghlas

Subreddit

r/UKPersonalFinance

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.

Posted: 1 year ago
Reddit URL: View post on reddit.com
External URL: reddit.com/r/UKPersonalF...