Will a UK salary package of 45,000 per year be sufficient for raising a family (my wife and 1 year old baby) in London? How much cash will I get on hand? Is 45k per year a good package for a software developer with 6+ years experience?
A2A. There are more answers here than I have time to read, so apologies if I repeat anything already stated.It depends where you live in London. £45,000 works out as ~£2,800 per month after tax. Rent on a two bedroom terraced house or flat should be ~£1,500 per month, and travel to and from work will cost at least £100 per month (zone 1 & 2), but let’s conservatively estimate £200 (it would be a lot more if you intend to have a car, but we’ll leave that aside for now). That leaves ~£1,100 for food, entertainment and savings - ~£270 per week.That should be enough to feed and clothe your family, but you wouldn’t be able to save very much, if anything, for the future, and if you don’t have savings already then you would be in a very precarious position if anything went wrong.So it’s just about sufficient, but perhaps only if you’re lucky.A £45,000 salary is high enough that you would not qualify for any government assistance.I don’t know your industry very well, but £45,000 sounds perhaps a little on the low side to me. Have a look at some job advertisements at the same level (try Monster and see for yourself).