43k - enough to survive on in London?

Alsacien

MIA
Moderator
#1
I have a Finnish friend thinking to go to London to broaden his business experience in the area of financial regulation.
Its a hot topic and a good CV enhancing move, the question he has asked me is how well can he live on the 43k they are offering him, and could he afford to bring his wife with him?
Any advice appreciated.
 
#3
Tell your Finnish friend to ask for a day pass to the real world. Of course £43,000 is enough.

Millions of people get by on a lot less than that.
 

Alsacien

MIA
Moderator
#4
Jacob1650 said:
Tell your Finnish friend to ask for a day pass to the real world. Of course £43,000 is enough.

Millions of people get by on a lot less than that.
Its a 50% wage cut from his current Helsinki package, although a lot of that is down to the current exchange rate.

Of course you can live on that, but what would the approx. net be at moment (-35%)? What is the current rent on a small but decent flat?
 
#5
Judging by what I see on a thursday evening in London, he probably shouldn't consider bringing his wife...he cannot afford to miss some of that partying!
 
#6
It's certainly enough to "survive" on, even if he does bring his wife. However, if he is used to €50k+ he may find his standard of living drops a bit. Mind you, I have no idea how expensive Helsinki is to live in.
 

maguire

LE
Book Reviewer
#10
the average for a decent flat I would say is about £1k per month. I found my current abode here - www.spareroom.co.uk . I would personally say it makes sense to live out of the centre of london and commute in - I think you'd spend a lot more living close in, both in terms of the rent on your flat and things like shopping.

edit - doesnt £43k put you into the 40% tax band?
 

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