Where do you fit in to the UK income distribution.. : Mon Jan 30, 2012 6:03 pm  

Not asking people to post on here to brag/complain about their incomes but thought people might be interested in this, if you haven't seen it before http://www.ifs.org.uk/wheredoyoufitin/ It shows you where different household incomes will fit in to the income distribution (it is based on net income after benefits and tax deductions taking into account the size of household) some examples: A household of 2 adults and 2 children (aged under 13) living in a council tax band D house in Leeds, with a combined income of £32000 a year would be around the mid point of the distribution, better off than 50% of the population. A single person living in a band A house in Leeds, on an income of £17000 a year would be better off than 58% of the population. A household of 2 adults without children living in a band C house in Leeds, on a combined income of £65000 a year, will be better off than 97% of the population

Not asking people to post on here to brag/complain about their incomes but thought people might be interested in this, if you haven't seen it before http://www.ifs.org.uk/wheredoyoufitin/ It shows you where different household incomes will fit in to the income distribution (it is based on net income after benefits and tax deductions taking into account the size of household) some examples: A household of 2 adults and 2 children (aged under 13) living in a council tax band D house in Leeds, with a combined income of £32000 a year would be around the mid point of the distribution, better off than 50% of the population. A single person living in a band A house in Leeds, on an income of £17000 a year would be better off than 58% of the population. A household of 2 adults without children living in a band C house in Leeds, on a combined income of £65000 a year, will be better off than 97% of the population

Re: Where do you fit in to the UK income distribution.. : Mon Jan 30, 2012 6:59 pm  

Top 1%, obviously.

Re: Where do you fit in to the UK income distribution.. : Mon Jan 30, 2012 7:36 pm  

since i became ill and also not qualifying for any benefits........

you have a higher income than around 8% of the population - equivalent to about 4.9 million individuals.


before i was ill and working......

you have a higher income than around 45% of the population - equivalent to about 27.3 million individuals.

Re: Where do you fit in to the UK income distribution.. : Mon Jan 30, 2012 8:06 pm  

Interesting.

you have a higher income than around 67% of the population

Its persuaded me that adding two "adult" wage earning children into the equation would now make us as wealthy as we were when I was running my own business and setting my own remuneration rather than (as now) working for someone else on a fixed salary.

Of course those two "adult" wage earning children only add a very small amount of their income into the household pot, prefering to spend it on themselves instead - and that is why I am skint now and not really believing the survey.

Re: Where do you fit in to the UK income distribution.. : Mon Jan 30, 2012 8:27 pm  

I wonder why they exclude rent or mortgage payments from the calculations?

Re: Where do you fit in to the UK income distribution.. : Mon Jan 30, 2012 8:54 pm  

cod'ead wrote:

I wonder why they exclude rent or mortgage payments from the calculations?

does seem odd, as does the omission of most other standard bills, the whole thing suggests that the only thing you pay out of your income is Council Tax, which as we all know is garbage.

Also, according to the site, we are in the top 1%, so am I led to believe that the top 1% earn between £100k a year and the multi-millions that professional footballers get paid?

in short, it's a load of bollox.

Re: Where do you fit in to the UK income distribution.. : Mon Jan 30, 2012 9:06 pm  

With a household after tax income of £1218 per week, you have a higher income than around 97% of the population - equivalent to about 58.8 million individuals.

I wish i felt as rich as this is telling me

Re: Where do you fit in to the UK income distribution.. : Mon Jan 30, 2012 9:07 pm  

Quite alarming, I don't think I am that well paid for what I do, but my wife and I are better off than 86% of the population.

Re: Where do you fit in to the UK income distribution.. : Mon Jan 30, 2012 9:12 pm  

Standee wrote:

.. in short, it's a load of bollox.

In short, I suspect you're right.

Re: Where do you fit in to the UK income distribution.. : Mon Jan 30, 2012 9:17 pm  

Standee wrote:

does seem odd, as does the omission of most other standard bills, the whole thing suggests that the only thing you pay out of your income is Council Tax, which as we all know is garbage.

Also, according to the site, we are in the top 1%, so am I led to believe that the top 1% earn between £100k a year and the multi-millions that professional footballers get paid?

in short, it's a load of bollox.

You're supposed to put your net income in (not gross).