Low pay is defined as the value that is two-thirds of median hourly earnings and high pay is defined as the value that is 1.5 times median hourly earnings. For example, median hourly earnings for all employees in 2022 are £14.77, therefore low-pay employees are anyone earning below two-thirds of £14.77, which is £9.85.
What's classed as low income UK?
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 the lowest pay per hour UK?
A single person needs to earn ꌥ,500 a year to reach a minimum acceptable standard of living in April 2022. A couple with two children needs to earn ꍃ,400 between them.
What is a low income household UK 2022?
In general, wages are considered low if they are less than two-thirds of the national median or the national mean of gross hourly wages.