This guide provides a comprehensive overview of what to expect when working in the United Kingdom, in particular London. If you are interested in relocating to the UK market, contact Emma Johnston one of our specialist consultants for an introduction to Totum.
The London Job Market
Despite economic uncertainty surrounding raised interest rates and cost of living crisis, the market for professional services business development, marketing and communications roles remains buoyant. Teams are growing in size, particularly for business development roles. Whilst London is by far the largest market, this growth is also occurring in regional centres such as Bristol, Manchester, Birmingham, and Leeds.
I want to work in the UK, so what’s next?
The sooner you tell us that you’re considering this, the sooner we can help. You don’t need to wait until you’re certain before getting in touch!
- Search our website for current job opportunities.
- Speak to us – we’re always happy to chat and answer your questions.
- Discuss the move with your partner / family and consider what you need to arrange to accommodate them.
- Research – rents, tax, salaries, role types – we can help you here; to figure out if this will work for you.
How will my salary compare?
UK salaries can be lower (on a currency convertor) than Australia and Asia, particularly once you consider tax. We encourage those relocating to the UK to focus on competitive market rates and cost of living. Unless you have a lot of out-goings in your home currency, once you’re in the UK you just need to be satisfied you will have a good quality of living with the Pounds you will be earning.
One difference Australians need to note is that the pension (the UK equivalent of superannuation) is paid on top of your salary, not inclusive as part of the package.
Can I expect a relocation package and other benefits?
Each offer will be different from the next and at a firm’s discretion. Large global firms have relocation teams, so they are more likely to offer a package than UK-based firms. Relocation packages are more common for senior roles and would be very unusual for executive-level roles.
Firms vary in what they will offer but it is common to receive between 25 – 30 days annually depending on the firm and level. A great benefit of the UK market!
For manager level upwards, most firms pay a discretionary bonus based on firm and individual performance. The amount can vary widely, from 5 to 20 percent. This is firm by firm at executive level.
The UK has a statutory maternity pay and leave. We recommend you visit the gov.uk website to learn more about employee entitlements for maternity leave.
What working visas are available for the UK?
The British government determines the requirements for work visas. We recommend you visit Gov.UK to make sure you have the current visa information, as it applies to your circumstances. The eligibility criteria is subject to change so you must do your research.Can you tell me about the tax rate?
|Band||Taxable income||Tax Rate|
|Personal allowance||Up to £12,570||0%|
|Basic rate||£12,571 to £37,701||20%|
|Higher rate||£37,701 – £150,000||40%|
|Additional rate||Over £150,000||45%|
If you are not a resident of the UK, we strongly recommend you seek independent tax advice.
Can you tell me about renting?
Renting a flat in London is usually expensive. Though you are likely moving from a city where this is also true! If you are moving to London on your own, sharing a flat with others can be a good way to split the costs and meet others. There are a number of sites including www.spareroom.co.uk and www.moveflat.com