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 salary UK?
For example, median hourly earnings for all employees in 2022 are ꌔ.77, therefore low-pay employees are anyone earning below two-thirds of ꌔ.77, which is ਹ.85. High-pay employees are those earning anything above 1.5 times ꌔ.77, which is ꌢ.16.
What is a low income UK 2022?
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 low income salary?
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.