Jump to Main ContentJump to Primary Navigation
Top

Revealed: what you should expect to be paid based on your age

money.jpg

While it’s generally accepted that your salary will increase with age as you progress on the career ladder, many people don’t know how their pay cheque measures up to their peers.

And because talking about money is still taboo, it’s not like you can just ask everyone down the pub what their take home pay is and get an honest answer.

Now, finally, new research has put an end to all the wondering.


Read More: How to make money from blogging


The study, conducted by Instant Offices has figured out what you should be getting paid based on your age and monthly UK averages.

Earn

It showed that the average UK salary for a full-time employee is £27,000 and that those residing in the capital take home the most money with a monthly average of £2,925. 

The full figures from the research based on age are as below: 

  • Late teens: £15,240- 16,332  Monthly: £1,270–£1,361
  • Twenties: £21,948- £23,088  Monthly: £1,829–£1,924 
  • Thirties: £27,972- £30,420  Monthly: £2,331–£2,535 (this is when the average salary for women peaks at £2,331)
  • Forties:  £27,096- £33,960  Monthly: £2,258–£2,830 (this is when the average salary for men peaks at £2,830)

Whether you are bang on average, racing ahead of your peers or ‘lagging’ for your age according to these results – it’s important to keep some things in mind. 

While there is no substitute for making serious money, there are certain company benefits that may be worth as much or more than a pay increase.


Read More: Bad Money habits that are costing you way more than you realise


Annual leave and sick leave should always be considered when you’re deciding whether you are earning enough – and flexible work time, pensions, maternity pay should be factored in as well.

pay

If you really think you’re not being paid your worth, the maybe it’s time to learn how to play the ‘pay rise game’.

 

Want to find out more? Why not attend ‘How to Negotiate a Pay Rise (and extra holiday too) with Step Up Club’. Learn how to negotiate with confidence and get the most out of your career with Alice Olins and Phanella Mayall Fine, founders of Step Up Club. Find out more at: live.stylist.co.uk 

Stylist Live brings everything you love about Stylist magazine to life across three days of experts, interviews, comedy, food, beauty and fashion exclusives.
10 -12 November, Olympia London.

Images: iStock/Rex Features/Getty

Related

rexfeatures_1061695l.jpg

Cynthia Nixon explains how “being no longer fertile” affects her work

amber heard lawsuit.jpg

Amber Heard sues producer over explicit body-double sex scenes

503665084.jpg

What I learned when I got up one hour earlier for a month

Latest...

Here’s what to do if your work space is driving you to distraction

Do you function better amid the chatter of colleagues?

12 Oct 2017

Awkward job advert goes viral, and a lot of people are concerned

“Yikes, there are so many red flags in one posting…”

by Kayleigh Dray
04 Oct 2017

How women are blocked from speaking out about maternity discrimination

The problem is still rife – but many women are banned from talking about it, say experts

by Moya Crockett
03 Oct 2017

How to recover after crying in front of your colleagues

It happens to the best of us. Here’s how to bounce back

by Moya Crockett
02 Oct 2017

Why a creative side project could benefit your health and your career

We're on the brink of a ‘creativity crisis’ according to experts

by Helen Brown
29 Sep 2017

This is why we should be doing 3-hour workdays, according to experts

Print this, laminate it, and give it to your boss

by Helen Brown
29 Sep 2017

Career experts reveal the one important trait that will help you excel

Three tricks to harness the mindset that leads to success

by Helen Brown
28 Sep 2017

These are the best careers websites to find the job of your dreams

Is a change on the cards for you?

by Megan Murray
25 Sep 2017

This unexpected town has been voted the best place to work in the UK

We didn’t see this one coming

by Moya Crockett
22 Sep 2017

How to use Instagram to boost your career (and land your dream job)

It’s time to make your Instagram account work as hard as you do…

by Kayleigh Dray
21 Sep 2017