psj Posted September 30, 2008 Share Posted September 30, 2008 First para gives the answer, but figure 7 and its para give some additional info. Here's a website from the Institute of Financial Services. Following the links, enter your net salary, and it'll place you on the graph to where your income is related to the rest of the country. There is a massive lean on the left. Each 10% of the population is grouped into decile groups. By looking at the graph, it appears as though over 60% of the population earn under the mean wage of £25k (£366.49/week after tax). The modal wage is £175/week after tax. http://www.ifs.org.uk/wheredoyoufitin/ How much is £175/week after tax? Go to: http://listentotaxman.com/ Enter the gross salary as £10500 per annum, and you're there... £174.09/week. What's worrying is that that particular wage is the top of the 3rd decile group, meaning under 30% of the population are UNDER £10.5k a year... shocking. Quote Link to comment Share on other sites More sharing options...
RichB Posted September 30, 2008 Share Posted September 30, 2008 That probably includes the 8million financially Inactive. The ONS stat is limited to full time employees. Quote Link to comment Share on other sites More sharing options...
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