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by LandR
1550 days ago
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I'm in the UK. 40 years old. A million pound would last me the rest of my life. Assuming I earn ~£50k a year, lets say £35k a year after tax and deductions, for the next 20 years, that comes out at about £700,000 after tax income. I live comfortably right now off that. That still leaves me £300k. My outgoings are pretty small, and will be drastically smaller in 5 years or so when the mortgage is paid off. If you give me a tax free million today, I would quit my job tomorrow, as that's more than I'll earn for the rest of my life. That's not counting money I already have in savings too. |
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