What's your Household Income?

CKhalvashi

Linda_D wrote: »

So what is your income?

I’m not happy to have either of our incomes splattered on an open forum, but something I will say is that between the two of us last year, we paid £123720.25 in tax, which further puts emphasis on the point I made above.

CK

Loughton_Monkey

I know you're only being nosey, Hamish, but it's all a bit woolly. The graph you show has no definition of what it meant by 'income' nor what is meant by 'household'. Does it include that Rocket Scientist son who earns £70K, lives at home, but doesn't contribute more than freeloading fa*t to the household budget?

Than, as many posters have mentioned, there are retirees, and early retirees, who have the most modest 'incomes' as per any definition of, say, taxable income, but sit there watching house value, ISA's, pension pots, and other assets grow by £XhundredK but don't even spend all of that?

Personally, I have virtually no "income" apart from my wife's state pension. I'm not drawing mine yet. I'm drawing other pensions, but that's only accessing my own money isn't it?

My capital gains have been excellent over the last 3 years, but if you deem that as "income" then boy did I see a huge loss in 2008. Overall, a negative income. I wonder what benefits I should have been entitled to?

Linda_D_2

HAMISH_MCTAVISH wrote: »

Can't you just stick to one ID?

If you spent less time trolling and more time contributing you'd probably get banned less often.

OK so tell me what my other IDs are supposed to be? I've only ever been accused of being Graham, you going for that too? Go on, look a big fool:D

I've never been banned in my life. Try and get some facts right for once on your life, it will stop you looking a complete tool. It's no wonder so many people hate you on here.

At least you haven't mentioned silver for a bit so maybe your medication is working and your carer is looking after you.

somethingcorporate

CKhalvashi wrote: »

I’m not happy to have either of our incomes splattered on an open forum, but something I will say is that between the two of us last year, we paid £123720.25 in tax, which further puts emphasis on the point I made above.

CK

I agree with this and think it's to be expected that it would not be representative of the population but skewed towards higher earners.

My logic is that (in general) those that earn more do so because they are interested in money and this whole forum interests people not just at the bottom end but the top too (savings, investments, property, mortgages etc).

I doubt we'd be over-represented in the £1m+ earners for a couple of reasons: 1) there are not that many of them and 2) they probably earn enough not to worry too much about this kind of thing as likely have advisors and paid for professionals surrounding them (or just too busy making money!).

CKhalvashi

somethingcorporate wrote: »

I agree with this and think it's to be expected that it would not be representative of the population but skewed towards higher earners.

My logic is that (in general) those that earn more do so because they are interested in money and this whole forum interests people not just at the bottom end but the top too (savings, investments, property, mortgages etc).

I doubt we'd be over-represented in the £1m+ earners for a couple of reasons: 1) there are not that many of them and 2) they probably earn enough not to worry too much about this kind of thing as likely have advisors and paid for professionals surrounding them (or just too busy making money!).

I’m on a net worth of low 7-fig (£15xxxxx, but at the same time, we earned 6-fig sums beginning in 2xxxxx and 3xxxxx last year, so that would be reasonable. If this was being asked on the benefits board, however, it would swing the other way.

At the same time, I’ve not counted savings/investments interest (apart from that from out own company), but at the same time, if anyone wants to be nosey, I’ve built this company up from scratch, on my own, and could be worth a lot more, but have voluntary initiatives in to protect my staff (guaranteed LLW + £1/hr, as an example).

CK

HAMISH_MCTAVISH

Linda_D wrote: »

silver

Ahhhh, that explains it.

Graham_Devon

Linda_D wrote: »

OK so tell me what my other IDs are supposed to be? I've only ever been accused of being Graham, you going for that too? Go on, look a big fool:D

Were you? I hope you were honoured!

Linda_D_2

Graham_Devon wrote: »

Were you? I hope you were honoured!

Of course I was honoured, it's good to be accused of being someone who comes across as being a nice guy.

Shift up Graham on the computer seat, it's my turn to post!

Brallaqueen

In some cases, single income is household income (myself, PN, possibly LemonJelly as well) and single income no kids usually means no benefits or tax credits either.

kabayiri

I saw this thread when it was first posted. I was unsure of the purpose.

But now we are 5 pages in, and I am still unsure.

Household income will more than likely depend on the number of earners in the household, how affluent an area you work in, and your age (older workers further up the career ladder and all that). None of this information is available here.

I'd be more interested in the percentage drop/rise in household income since the crunch.