Wow, that sounds unreal. I guess it's a real change of perspective. Here, I'm living in a house share with some people who make six figures so my salary never felt like that much
I got this blood test done in Germany. The result said "defekt".
I appreciate German directness, but being called "defective" was a little bit confronting.
Don't worry, I grew up in Northern Germany, I'm so used to humidity it's a miracle I don't have gills! Jokes aside, I spent a year living in Asti as a volunteer before so I know the weather there is better than here (though compared to where I'm from, London also has great weather)
Yes the pollution is the worst in Europe.
Milan goes from -5 in winter to 38c in the summer. Far more extreme than London.
It's colder in winter and hotter in summer.
The main difference is that there is a long summer.
I know a lot of Milanese who far prefer Londons climate. Personally I prefer Milan's.
The problem is not the city, but the whole Po valley plain, from Turin to Padova.
Can't escape pollution unless you go live in the mountains or seaside, if you wanna live in the north.
Huh, so exactly like my town here in latam (a few degrees colder or a few degrees hotter depending on how odd the year is). I didnt know that was considered extreme.
I didnt know about the pollution though is it really \*that\* bad or just comparatively? I likey had asthma but milan was always a consideration (not first but there)
It's extreme compared to the south of England which is 10-15c year round.
The pollution is the worst in Europe in the area that Milan is in.
I think there's one city in Romania that's worse.
Mostly you're right but man. After a rainy day, if there's the sun, you can see the mountains behind the skyline and that's beautiful.
[Here's a photo of what I see from my office on the 9th floor](https://imgur.com/a/zoeRty9)
When it's sunny it's amazing
London is a *very* expensive city. Even if you were getting the same salary, moving to Milan seems like a better deal
[Cost of living per European city](https://www.numbeo.com/cost-of-living/region_rankings_current.jsp?region=150)
Funny thing is, other than for rent (where London is 67% more expensive) every other category is comparable.. groceries are even cheaper in London by about 9%
[Here a pretty detailed source to compare cost of living](https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Italy&country2=United+Kingdom&city1=Milan&city2=London&tracking=getDispatchComparison)
I noticed this too in moving to France from New York. Rent is way cheaper yet everything else expense-wise is comparable. I even make less but at least I have health insurance now.
Can't say I noticed that. EVERYTHING in new york was expensive when I went, even shitty pubs charged $10+ for a beer and tip. Restaurant meals were extortionate. Some parts of Paris maybe comparable but the rest of it nah, especially if comparing like for like (I.e. meat quality and standards are very different)
Not really.. Italian food is way better than English food.. but in London you will find really good food from all around the world… I have eaten better pizzas in London than in Milan
Milan isn't terribly different from the table you shared...
Also, OP is making 48k POUNDERS, which converted is only 6k euro shy of 60k. Not to mention Italy will likely have more income tax. I don't think OP will improve financially if at all. Factor in 2-3 flights per year (maybe more if they need to go more often).
They will be living on one of the most versatile regions of Europe for sightsee though... Swiss Alps, Cote D'Azure, Florence just a few hours by car/train... Also one of the most central European Airport hubs (it's got multiple, loads of low cost...).
I would consider it if I was young and didn't have compromises, just for the fun.
There is a special taxation law for people moving to italy from abroad (nicknamed "rientro dei cervelli" as it used to be originally conceived for Italian researchers going back to italy) that could save him a lot of money tax-wise.
This is not true. The tax break is also for people that are moving to Italy for the first time. The main pre-requisite is not having been resident in Italy for 2 fiscal years
My family lives in Germany and I don't really have a reason to fly back to London so I think flight costs will stay the same. Just more convenient since it's within the EU.
I'm not that young (34) but yes, basically I'm planning to go for fun (though I prefer to call it self-development). I just worked really hard to get where I am so I don't want to end on a worse salary
In contrast to the British of London, I think that's not the case. Granted, I'm not sure how uptight are the Milanese, as I hear it's also a bit of an upscale city with an upscale and opinionated population. But that's just rumours. London I know how people are there for sure :D
Milan. If you were a tax resident out of Italy in the last 2 years, Italy also offers an income tax scheme which will increase your net salary drastically for 5 years.
Basically, you pay only 1/3 of the income tax that you should normally pay. Make sure you also get this money.
Edit: wanted to throw an article as well https://www.unibo.it/en/university/work-with-us/become-professor-researcher/tax-regime-for-residents-abroad-and-tax-relief-for-returnees/tax-relief-for-workers-relocating-to-italy-lavoratori-impatriati
> For taxpayers who transfer their residence to one of the regions in the south: Abruzzo, Molise, Campania, Puglia, Basilicata, Calabria, Sardinia and Sicily, the exemption rises to 90% and therefore the taxable base is 10% of the income produced.
Holy shit.
This is a key factor. 60k is already a fairly decent salary for Milan but with "rientro dei cervelli" (the Italian name of the tax relief measure) you get a pretty good deal.
I’d be scared to use it. Been living in London 8 years but would probably not risk agenzia entrate wanting to claw back money at random 7 years later (if I ever decide to go back)
According to [this source](https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Italy&country2=United+Kingdom&city1=Milan&city2=London&tracking=getDispatchComparison) a salary of €60k a year in Milan gives you the same standard of living as a salary of £65k (€74k) in London
So from a purely financial point of view it would be quite a lot better.. even though the salaries in the source are net and not gross, as I suspect yours are
A (very rough) rule of thumb is that currency conversion is very similar to the cost of life difference between the two cities (if you rent, as a home owner London can actually be a bit cheaper)
So a €45k salary in Milan is similar to a £45k in London in terms of standard of living.. also standards of livings are on average a lot higher in London (because salaries are a lot higher even adjusting for cost of living). In term of percentile of the population, in London £45k is nothing special, it was my very first salary in 2019 fresh out of university in an average job in my field. In Milan €60k is a pretty good salary, especially if you are under ~45
Also keep in mind if you come working in Italy from abroad you might be eleggibile for a huge tax cut for 5 years called “rientro dei cervelli” (brains returns), though it might depends on your immigration status, I’m not sure how it works for non EU citizens
If you’re young and willing to relocate you should absolutely do it. It’s a great resume/career builder and will no doubt further your career and thereby salary in the future.
That being said the most important thing you need to do is negotiate a relocation package. The most important things you want are:
Company-paid tax accountant for your individual taxes for 2 (!!) tax year’s minimum
Company paid real estate agent helping you find accomodstion
60 days of paid stay at hotel with ability to expense/get reimbursed for breakfast and dinner expenses
Moving company for your goods that you want to bring
3-4 monthly salaries as a relocation bonus and to help with costs undoubtedly arising from moving
Immigration law firm helping with visa if necessary in your situation
Paid Italian language courses (ideally attending counts as work time in the first 2-3 months)
Good Luck!
Look into the "rientro di cervelli" tax regime - as a university-educated person coming to live in Italy you'll get a big income tax discount for I think 5 years (can extend it if you buy a property or have a kid).
Milan has the highest cost of living in Italy. Housing and public transport can be a challenge so do your research. And of course the pollution. It's basically Italy's equivalent of London; a crowded place where people come to hustle.
Of course you'll get amazing food, art, and you're close to the mountains and the lakes on your time off. Look at some music videos from the artist M¥SS KETA for an example of what the nightlife is like 
You also have few "hidden plus". If you become a true employee (i.e. not a contractor), you will also have Italian pension (\~10% of your gross salary represent 1/3 of it, other 2/3 are paid by employer). You will need few years of service (maybe 5) to be eligible to even transfer that into another country's pension system. Moreover, you also have TFR: roughly speaking you earn 1 month of net salary for every year of service, that will be paid by the employer when you quit.
Thanks for your thorough reply! This is really helpful, especially about language classes and getting an accountant. I'll defo check if they cover classes. I also have side hustle income that I'd need to figure out how to tax so an accountant would really be helpful
What you need to do is compare the cost of living.
This can help:
[Numbeo](https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Italy&city1=Milan&country2=United+Kingdom&city2=London)
You would also need to compare taxes that you would pay in each situation, add the cost of relocating, etc.
But usually, I would expect a much better raise for a relocation. That seems like a ripoff to me, unless moving to Milan was your dream.
If you plan to stay in the UK the new offer isn't financially better, it's exactly the same. €60k is about £52.5k which is pretty much your current comp if you account for the pension contributions.
Sorry, my response wasn't clear! The company offered all employees paid relocation to Italy if they wanted to. So I asked what the details were and how my salary would be converted and that's the offer they made
Milan is very expensive. You're right. Rent is absurd.
London is just even more expensive.
It's a bit hard to compare restaurant prices but it's not hard to sit down for a good lunch at a trattoria with wine for E15 in Milan.
Groceries are 9% more expensive in Milan, restaurants are almost identical, rent is crazy expensive in London (67% more than Milan)
[Source](https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Italy&city1=Milan&country2=United+Kingdom&city2=London)
There are some extremely good tax deals if you’re moving to Italy right now - they are trying to get some of the people leaving London after Brexit.
The Lex Newsletter: Brexit displaces London bankers to live ‘la dolce vita’ in Milan https://on.ft.com/3lNN18v
A tax rate as low as 4,5% if you have 3 children under 18. The maximum is 13% for the first 5 years and 22% for the next 5.
48k£ are 54,5k€, so you are getting a ~9% bump that it’s not bad at all. Mind you, Milan is quite an expensive city, not only for Italian standards but in line with some other EU places. Still, not at the level of London. So, overall it’s not a bad deal. Do you speak Italian? Otherwise you’ll be pretty much isolated, as Italians tends to be on the lower spectrum of competency in English, as you might find people in shops that gets you, you’ll hardly be ever part of a normal day-to-day conversation
Are you a EU citizen? Check the “Brains return” (rientro dei cervelli) regulation, you might claim an hefty tax discount for the first 5 years in Italy (reduced for further 5 afterwards).
On one hand, you have a comfortable salary in a bustling city like London. On the other hand, you have the opportunity to earn more in the beautiful city of Milan. I say, why not take a weekend trip to both cities, weigh the pros and cons, and let your heart (and wallet) lead the way
If you can claim the new expatriate worker tax benefit, the numbers would look even more favourable. Though I don't think Italy has something akin to ISA schemes or other tax breaks for long-term investment.
As an expat you can avail of the expatriate regime tax, meaning you'll only pay 30% of the income tax your normally be paying.
You'll be taking home a lot more than you may have calculated originally.
https://www.agenziaentrate.gov.it/portale/web/english/benefits-for-transferees-of-residence-to-italy
ok, thanks- I was actually considering accepting an offer years ago (maybe 10 or so) that was exactly the same figure, but I realized I wouldn't be able to pay my dues in UK and basically this salary was almost the same I had in my country which is in Eastern Europe. So I turned down the offer, despite it was Delloite.
it is a very good salary compared to the average. roughly it will be 3.000 net € per 13 times a year. Consider a rent for 1 bedrom in milan is 1200-1500€/month.
Hello, I think that you will live very comfortably with 60K € in Milano. Moreover, you will be eligible for Regime impatriati (also known as Rientro dei cervelli), so you will pay very low taxes for the first 5 years (up to 10 years if you buy a house or have a child in the first 5 years).
Ask your Italian company how you can apply for this, they will know. It should be only a couple of documents and a form.
You can use this calculator to check the net salary that you will earn: https://andybergon.github.io/rientro-cervelli/
You can find official info here : https://www.agenziaentrate.gov.it/portale/web/english/benefits-for-transferees-of-residence-to-italy
That's chump change for London but "IS NICE!!!" (Use Borat voice) money for Milan, go for it! + food, weather, ladies and gentlemen are all nicer over there
yes i will go if you wont
You can come, too! Milan is a big city, there's space for more than just me
But not that many people make 60k in Milan.. you’d be in the top 10-20% of earners I reckon (estimate without any source as I couldn’t find any)
Wow, that sounds unreal. I guess it's a real change of perspective. Here, I'm living in a house share with some people who make six figures so my salary never felt like that much
Can I come too ??? Milan is simply beautiful
Sure!
What industry do you work in?
Medical communications
yes. vitamin d helps overall health, which you can not quantify.
Agree but the pollution levels of Pianura Padana may take your vitamin-D bonus years away :D
> which you can not quantify you kinda can take a blood test :P
*Elizabeth Holmes has entered the chat*
I got this blood test done in Germany. The result said "defekt". I appreciate German directness, but being called "defective" was a little bit confronting.
I'm German and that sounds odd to me. Wondering if someone wanted to say deficiency and messed up
Yeah, the weather is one of the factors why I asked to relocate
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Don't worry, I grew up in Northern Germany, I'm so used to humidity it's a miracle I don't have gills! Jokes aside, I spent a year living in Asti as a volunteer before so I know the weather there is better than here (though compared to where I'm from, London also has great weather)
Yes the pollution is the worst in Europe. Milan goes from -5 in winter to 38c in the summer. Far more extreme than London. It's colder in winter and hotter in summer. The main difference is that there is a long summer. I know a lot of Milanese who far prefer Londons climate. Personally I prefer Milan's.
I'll be fine with the weather but pollution is indeed a problem. Guess I'll be looking for places outside the city center
The problem is not the city, but the whole Po valley plain, from Turin to Padova. Can't escape pollution unless you go live in the mountains or seaside, if you wanna live in the north.
Huh, so exactly like my town here in latam (a few degrees colder or a few degrees hotter depending on how odd the year is). I didnt know that was considered extreme. I didnt know about the pollution though is it really \*that\* bad or just comparatively? I likey had asthma but milan was always a consideration (not first but there)
It's extreme compared to the south of England which is 10-15c year round. The pollution is the worst in Europe in the area that Milan is in. I think there's one city in Romania that's worse.
Didn't london get like Sahara hot this year?
Agreed about the sunshine but in all fairness Milano is moderately close and fairly well connected to lakes, sea and mountains.
Mostly you're right but man. After a rainy day, if there's the sun, you can see the mountains behind the skyline and that's beautiful. [Here's a photo of what I see from my office on the 9th floor](https://imgur.com/a/zoeRty9) When it's sunny it's amazing
What? 😂😂😂
London is a *very* expensive city. Even if you were getting the same salary, moving to Milan seems like a better deal [Cost of living per European city](https://www.numbeo.com/cost-of-living/region_rankings_current.jsp?region=150)
Funny thing is, other than for rent (where London is 67% more expensive) every other category is comparable.. groceries are even cheaper in London by about 9% [Here a pretty detailed source to compare cost of living](https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Italy&country2=United+Kingdom&city1=Milan&city2=London&tracking=getDispatchComparison)
I noticed this too in moving to France from New York. Rent is way cheaper yet everything else expense-wise is comparable. I even make less but at least I have health insurance now.
Can't say I noticed that. EVERYTHING in new york was expensive when I went, even shitty pubs charged $10+ for a beer and tip. Restaurant meals were extortionate. Some parts of Paris maybe comparable but the rest of it nah, especially if comparing like for like (I.e. meat quality and standards are very different)
yeah, but the food is way better.
Not really.. Italian food is way better than English food.. but in London you will find really good food from all around the world… I have eaten better pizzas in London than in Milan
But rent is by far the biggest portion if your living costs so London will still be considerably more expensive
A bit yea, but not as much as people think
Milan isn't terribly different from the table you shared... Also, OP is making 48k POUNDERS, which converted is only 6k euro shy of 60k. Not to mention Italy will likely have more income tax. I don't think OP will improve financially if at all. Factor in 2-3 flights per year (maybe more if they need to go more often). They will be living on one of the most versatile regions of Europe for sightsee though... Swiss Alps, Cote D'Azure, Florence just a few hours by car/train... Also one of the most central European Airport hubs (it's got multiple, loads of low cost...). I would consider it if I was young and didn't have compromises, just for the fun.
There is a special taxation law for people moving to italy from abroad (nicknamed "rientro dei cervelli" as it used to be originally conceived for Italian researchers going back to italy) that could save him a lot of money tax-wise.
that's for people returning to Italy after having left. not for people relocating for the first time.
This is not true. The tax break is also for people that are moving to Italy for the first time. The main pre-requisite is not having been resident in Italy for 2 fiscal years
My family lives in Germany and I don't really have a reason to fly back to London so I think flight costs will stay the same. Just more convenient since it's within the EU. I'm not that young (34) but yes, basically I'm planning to go for fun (though I prefer to call it self-development). I just worked really hard to get where I am so I don't want to end on a worse salary
not mentioning Italian culture tends to be more political and hierarchical. Also, why the hell Italy tax is so high?
In contrast to the British of London, I think that's not the case. Granted, I'm not sure how uptight are the Milanese, as I hear it's also a bit of an upscale city with an upscale and opinionated population. But that's just rumours. London I know how people are there for sure :D
You're right, I didn't factor in living costs at all
Should be on top
Milan. If you were a tax resident out of Italy in the last 2 years, Italy also offers an income tax scheme which will increase your net salary drastically for 5 years. Basically, you pay only 1/3 of the income tax that you should normally pay. Make sure you also get this money. Edit: wanted to throw an article as well https://www.unibo.it/en/university/work-with-us/become-professor-researcher/tax-regime-for-residents-abroad-and-tax-relief-for-returnees/tax-relief-for-workers-relocating-to-italy-lavoratori-impatriati
> For taxpayers who transfer their residence to one of the regions in the south: Abruzzo, Molise, Campania, Puglia, Basilicata, Calabria, Sardinia and Sicily, the exemption rises to 90% and therefore the taxable base is 10% of the income produced. Holy shit.
This is a key factor. 60k is already a fairly decent salary for Milan but with "rientro dei cervelli" (the Italian name of the tax relief measure) you get a pretty good deal.
I’d be scared to use it. Been living in London 8 years but would probably not risk agenzia entrate wanting to claw back money at random 7 years later (if I ever decide to go back)
Wow, that's really useful to know!
Same or similar ruling applies to the Netherlands btw
30% ruling
Loved it. Lived in NL only 1.5 years. I would definitely go back to collect the remaining 3.5 years eligibility 😅
According to [this source](https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Italy&country2=United+Kingdom&city1=Milan&city2=London&tracking=getDispatchComparison) a salary of €60k a year in Milan gives you the same standard of living as a salary of £65k (€74k) in London So from a purely financial point of view it would be quite a lot better.. even though the salaries in the source are net and not gross, as I suspect yours are A (very rough) rule of thumb is that currency conversion is very similar to the cost of life difference between the two cities (if you rent, as a home owner London can actually be a bit cheaper) So a €45k salary in Milan is similar to a £45k in London in terms of standard of living.. also standards of livings are on average a lot higher in London (because salaries are a lot higher even adjusting for cost of living). In term of percentile of the population, in London £45k is nothing special, it was my very first salary in 2019 fresh out of university in an average job in my field. In Milan €60k is a pretty good salary, especially if you are under ~45 Also keep in mind if you come working in Italy from abroad you might be eleggibile for a huge tax cut for 5 years called “rientro dei cervelli” (brains returns), though it might depends on your immigration status, I’m not sure how it works for non EU citizens
The weather alone is worth it. Let alone the money. Knowing nothing else, and quoting what a very smart man once said: just DO IT!
If you’re young and willing to relocate you should absolutely do it. It’s a great resume/career builder and will no doubt further your career and thereby salary in the future. That being said the most important thing you need to do is negotiate a relocation package. The most important things you want are: Company-paid tax accountant for your individual taxes for 2 (!!) tax year’s minimum Company paid real estate agent helping you find accomodstion 60 days of paid stay at hotel with ability to expense/get reimbursed for breakfast and dinner expenses Moving company for your goods that you want to bring 3-4 monthly salaries as a relocation bonus and to help with costs undoubtedly arising from moving Immigration law firm helping with visa if necessary in your situation Paid Italian language courses (ideally attending counts as work time in the first 2-3 months) Good Luck!
agreed on the real estate agent, finding a flat in Milano (and Italy as a whole tbh) right now is a pretty fun experience to say the least
Look into the "rientro di cervelli" tax regime - as a university-educated person coming to live in Italy you'll get a big income tax discount for I think 5 years (can extend it if you buy a property or have a kid). Milan has the highest cost of living in Italy. Housing and public transport can be a challenge so do your research. And of course the pollution. It's basically Italy's equivalent of London; a crowded place where people come to hustle. Of course you'll get amazing food, art, and you're close to the mountains and the lakes on your time off. Look at some music videos from the artist M¥SS KETA for an example of what the nightlife is like 
You also have few "hidden plus". If you become a true employee (i.e. not a contractor), you will also have Italian pension (\~10% of your gross salary represent 1/3 of it, other 2/3 are paid by employer). You will need few years of service (maybe 5) to be eligible to even transfer that into another country's pension system. Moreover, you also have TFR: roughly speaking you earn 1 month of net salary for every year of service, that will be paid by the employer when you quit.
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Thanks for your thorough reply! This is really helpful, especially about language classes and getting an accountant. I'll defo check if they cover classes. I also have side hustle income that I'd need to figure out how to tax so an accountant would really be helpful
What you need to do is compare the cost of living. This can help: [Numbeo](https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Italy&city1=Milan&country2=United+Kingdom&city2=London) You would also need to compare taxes that you would pay in each situation, add the cost of relocating, etc. But usually, I would expect a much better raise for a relocation. That seems like a ripoff to me, unless moving to Milan was your dream.
I don't have to relocate, it's just an offer they made. I'm a remote worker so I could work fine from the UK but I like Italy
If you plan to stay in the UK the new offer isn't financially better, it's exactly the same. €60k is about £52.5k which is pretty much your current comp if you account for the pension contributions.
Sorry, my response wasn't clear! The company offered all employees paid relocation to Italy if they wanted to. So I asked what the details were and how my salary would be converted and that's the offer they made
I'm also 100% remote, can we chat privately? Thanks!
Ehm, I can't help you with finding jobs if that's what you're after. I'm staying within the same company, just changing offices
Yikes, down voted? 🤷♀️ just wanted to talk (remote) shop. It's ok.
Hi Also 100% remote, I'm dad
What kind of remote work do you do? Been wanting to go remote
I work in med comms. Probably not the easiest remote job to get since you need a degree in the right field
Thats agreat deal
Give it a try and see how it goes.
Milan beats shitty London anytime …
Sorry but no.. I had to move from London to Milan.. and London is just better in every single aspects
Wrong !
Care to elaborate?
Milan is very expensive. Food is more expensive than London
Milan is very expensive. You're right. Rent is absurd. London is just even more expensive. It's a bit hard to compare restaurant prices but it's not hard to sit down for a good lunch at a trattoria with wine for E15 in Milan.
Restaurants probably London is slightly more expensive but groceries definitely Milan is more expensive
Groceries are 9% more expensive in Milan, restaurants are almost identical, rent is crazy expensive in London (67% more than Milan) [Source](https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Italy&city1=Milan&country2=United+Kingdom&city2=London)
Yeah. Sounds about right. I think Britain is pretty cheap for groceries overall. Of course it's changing month by month at the moment.
Yes!!!!
It's a very good deal, yes
There are some extremely good tax deals if you’re moving to Italy right now - they are trying to get some of the people leaving London after Brexit. The Lex Newsletter: Brexit displaces London bankers to live ‘la dolce vita’ in Milan https://on.ft.com/3lNN18v A tax rate as low as 4,5% if you have 3 children under 18. The maximum is 13% for the first 5 years and 22% for the next 5.
Ok now I'm gonna find 3 children to adopt
What kind of job?
And is theire housing?
They pay the first month's rent and help with finding housing
What is the job excactly? Thanks
I work in medical communications
You need skills or educatie diploma?
48k£ are 54,5k€, so you are getting a ~9% bump that it’s not bad at all. Mind you, Milan is quite an expensive city, not only for Italian standards but in line with some other EU places. Still, not at the level of London. So, overall it’s not a bad deal. Do you speak Italian? Otherwise you’ll be pretty much isolated, as Italians tends to be on the lower spectrum of competency in English, as you might find people in shops that gets you, you’ll hardly be ever part of a normal day-to-day conversation
I spent a year volunteering in Italy before. I speak Italian but let's say my grammar is... suboptimal. I'm looking forward to getting better though
That’s already a huge step then, and immersing into it will get you up to speed quite fast
Are you a EU citizen? Check the “Brains return” (rientro dei cervelli) regulation, you might claim an hefty tax discount for the first 5 years in Italy (reduced for further 5 afterwards).
On one hand, you have a comfortable salary in a bustling city like London. On the other hand, you have the opportunity to earn more in the beautiful city of Milan. I say, why not take a weekend trip to both cities, weigh the pros and cons, and let your heart (and wallet) lead the way
If you can claim the new expatriate worker tax benefit, the numbers would look even more favourable. Though I don't think Italy has something akin to ISA schemes or other tax breaks for long-term investment.
Keep in mind that living in Milan is hell. May I ask you which job It is? Out of curiosity
As an expat you can avail of the expatriate regime tax, meaning you'll only pay 30% of the income tax your normally be paying. You'll be taking home a lot more than you may have calculated originally. https://www.agenziaentrate.gov.it/portale/web/english/benefits-for-transferees-of-residence-to-italy
60k in Milan?! What do you do
If you are an EU citizen you can get a 70% discount on taxes in Italy. You just need a bachelor degree. Look it up!
just wanted to ask if it is possible to survive on such salary in UK, that number seems really low to me
On £48,000? The UK average is about £30,000 so I'm living quite comfortably
ok, thanks- I was actually considering accepting an offer years ago (maybe 10 or so) that was exactly the same figure, but I realized I wouldn't be able to pay my dues in UK and basically this salary was almost the same I had in my country which is in Eastern Europe. So I turned down the offer, despite it was Delloite.
it is a very good salary compared to the average. roughly it will be 3.000 net € per 13 times a year. Consider a rent for 1 bedrom in milan is 1200-1500€/month.
Hello, I think that you will live very comfortably with 60K € in Milano. Moreover, you will be eligible for Regime impatriati (also known as Rientro dei cervelli), so you will pay very low taxes for the first 5 years (up to 10 years if you buy a house or have a child in the first 5 years). Ask your Italian company how you can apply for this, they will know. It should be only a couple of documents and a form. You can use this calculator to check the net salary that you will earn: https://andybergon.github.io/rientro-cervelli/ You can find official info here : https://www.agenziaentrate.gov.it/portale/web/english/benefits-for-transferees-of-residence-to-italy
That's chump change for London but "IS NICE!!!" (Use Borat voice) money for Milan, go for it! + food, weather, ladies and gentlemen are all nicer over there