Money Lesson Single

Is the pay rise real?

A data analyst of 27 in Leeds is offered the same job in London for a third more money. Once the rent and the travelcard are paid, is it more money?

Both lives run to ninety, and she stays where she moved, so the London rent goes on being paid after the job ends.

Appreciating Asset Liability Earned Income Passive Income Tax Efficient Retirement Planning Renting
Employment Property Expenses ISA Savings Account
Stay in Leeds
1 Goal

Keep the job, the flat and the rent, and keep saving what is left at the end of the month.

Try this plan
Employment Property Expenses ISA Savings Account
Take the London job
1 Goal

A third more pay, a London one bed and a London travelcard.

Try this plan
Stay in Leeds compared with Take the London job

The bigger offer pays a third more and leaves you ~£619.7k poorer by the end, once the rent and the travelcard are paid and you settle in London for good.

Anonymous
Your profile is linked to this browser.
Secret key
Google
Your profile is linked to your Google account.