The government's department of work and pensions defines low pay as any family earning less than 60% of the national median pay. On this basis, there are more than 13 million people in the UK living in low-income households.
What is a low income UK 2022?
In 2022, low pay is defined as those earning below ਹ.85 per hour and high pay is defined as those earning more than ꌢ.16.
What is low level income?
The term "low-income individual" means an individual whose family's taxable income for the preceding year did not exceed 150 percent of the poverty level amount.
What do the government class as low income?
A broad definition of low household income, as suggested by the Government, applies to annual earnings less than 60% of the median UK household income. For London, this cut-off point is approximately ꌡ,000[75].
What is classed as middle income UK 2022?
The middle class in the UK represents households with income between 75% and 200% of the median national income. Moreover, the UK's middle-class members earned an average annual salary of ꌙ,352 in 2019.