🇬🇧 London · GBP salary guide
Is £100,000 enough in London?
A full breakdown of whether £100,000/month covers the cost of living in London — including take-home pay after tax, monthly costs, your savings rate, and how long until financial independence.
💡 At a 94% savings rate, you could reach financial independence in approximately 2 years — retiring with a portfolio of £1,230,000 covering all your London costs indefinitely at a 4% withdrawal rate. Stocks & Shares ISA — £20,000/year completely tax-free. Max this every year without exception.
Key facts about London
One of the world's most expensive cities with competitive salaries but heavy taxation. The ISA is your most powerful wealth-building tool.
Tax situation
Income tax 20-45% plus National Insurance 8-12%. A £60,000 salary takes home roughly £43,000.
Best investment accounts
Stocks & Shares ISA — £20,000/year completely tax-free. Max this every year without exception.
Your path to financial independence in London
FIRE number for LondonBased on average costs of £4100/month, your financial independence number is £1,230,000 — the portfolio that covers your costs indefinitely at a 4% annual withdrawal.