🏴 Edinburgh · GBP salary guide
Is £40,000 enough in Edinburgh?
A full breakdown of whether £40,000/month covers the cost of living in Edinburgh — including take-home pay after tax, monthly costs, your savings rate, and how long until financial independence.
💡 At a 90% savings rate, you could reach financial independence in approximately 3 years — retiring with a portfolio of £828,000 covering all your Edinburgh costs indefinitely at a 4% withdrawal rate. Stocks & Shares ISA — same £20,000/year allowance applies in Scotland.
Key facts about Edinburgh
Scotland has slightly higher income tax than England. Edinburgh has a strong finance sector. Beautiful city with reasonable costs outside the centre.
Tax situation
Scottish income tax slightly higher — top rate 48% vs 45% in England. Starter rate 19% from £12,571.
Best investment accounts
Stocks & Shares ISA — same £20,000/year allowance applies in Scotland.
Your path to financial independence in Edinburgh
FIRE number for EdinburghBased on average costs of £2760/month, your financial independence number is £828,000 — the portfolio that covers your costs indefinitely at a 4% annual withdrawal.