Sovereign

Finance

Investment Banker Salary · London vs Sydney

Net pay, tax drag, and purchasing power modeled for 2025 offers. Built for relocating teams, expats, and comp committees.

Net pay

London

£84,750

42.2% effective rate

Net pay

Sydney

$204,498

38.1% effective rate

Annual delta

Spread

-$119,748

Sydney advantage

City

London

Europe’s leading financial center. Salaries typically include a "London weighting" to offset housing costs.

Median professional income

£48,500

Role modeled

Investment Banker

Gross base

£146,500

Net after tax

£84,750

Cost-of-living index

56

Rent index

56

City

Sydney

The financial heart of Oceania. High compensation roles in finance and law are common, matching a premium coastal lifestyle.

Median professional income

$119,500

Role modeled

Investment Banker

Gross base

$330,500

Net after tax

$204,498

Cost-of-living index

52

Rent index

72

Purchasing power

Net income vs lifestyle drag

London

£7,063

Housing£1,766
Essentials£1,059
Discretionary£1,766
Savings£2,472

Sydney

$17,042

Housing$4,260
Essentials$2,556
Discretionary$4,260
Savings$5,965

Cost-of-living deep dive

Flip into the COL template for this exact pair. See rent burdens, discretionary drift, and PPP commentary.

Open COL page

Remote benchmark

Need a borderless baseline? Run the remote analyzer across our tier-one city basket.

Remote comparison

More combinations

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Frequently asked

Who wins for Investment Banker net pay: London or Sydney?+
Sydney keeps about $119,748 more after tax (38.1% effective rate) compared to London (42.2%).
How different are the cost-of-living profiles?+
London posts a cost-of-living index of 56 and rent index of 56. Sydney comes in at 52 / 72. The purchasing power gap tightens once you factor in rent and lifestyle drift.
What salary uplift offsets London's taxes?+
You would need roughly £206,998 in additional gross compensation to match the same take-home pay in Sydney.