London loses tax salary attraction
London may lose its attraction for taxation specialists because of poor salary advatages, according to a survey conducted by recruitment consultants.
Although London still leads in the salary league, the survey puts London wages only £4,750 ahead of the average national wage for members of the Association of Taxation Technicians and associates of the Chartered Institute of Taxation, which was £64,667.
According to research in the survey, conducted by TMP Worldwide, Londoners require an additional £3,340 to cover the high costs of the city. When viewed against rising housing prices, specialists living in London enjoy only a marginally better standard of living compared to workers in the rest of the country.
Tax professionals may soon be drawn to the cheaper costs of the West Midlands, which is closing in on the two top paying regions with salaries of £66,500, compared to £69,417 in London and £67,500 in the South East.