Ffocws
Effects of taxes and benefits on UK household income: financial year ending 2022
Beth sydd yn y bwletin?
- Median household income in the UK before taxes and benefits was £35,100 in the financial year ending (FYE) 2022, increasing to £38,200 after taxes and benefits.
- The richest fifth of people's average household income before taxes and benefits (£117,400) was 14 times larger than the poorest fifth (£8,300); however, this gap reduced to 4 times larger (£83,100 and £22,400, respectively) after taxes and benefits.
- Original income inequality (before taxes and benefits) increased by 1.5 percentage points to 50.1% between FYE 2021 and FYE 2022, while final income inequality (after taxes and benefits) increased by only 0.5 percentage points to 29.8%, highlighting the redistributive effect of taxes and benefits.
Datasets related to Incwm a chyfoeth
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The effects of taxes and benefits on household income, disposable income estimate
Average UK household incomes taxes and benefits by household type, tenure status, household characteristics and long-term trends in income inequality.
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Effects of taxes and benefits on household income
Average annual incomes, taxes and benefits, and household characteristics of retired and non-retired households in the UK. Data for financial years, by quintile and decile groups, country and region and tenure type.
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Nowcasting household income in the UK
Provisional estimates of income and inequality measures for financial year ending 2018, alongside historical data.
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Economic well-being estimates
Full dataset of economic well-being indicators included or referenced in the quarterly release.
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Equivalised disposable household income
Average equivalised disposable income for all households
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Households receiving more in benefits than paid in taxes
The percentage of households in the UK who receive more in benefits (both cash benefits and benefits in kind) than they pay in taxes (both direct and indirect), from 1977 to 2012/13.
Publications related to Incwm a chyfoeth
Statistical bulletins
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Effects of taxes and benefits on UK household income: financial year ending 2022
The redistribution effects of individuals and households of direct and indirect taxation and benefits received in cash or kind, analysed by household type.
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Economic well-being, UK: April to June 2018
Presents a rounded and comprehensive basis for assessing changes in economic well-being through indicators that adjust or supplement more traditional measures such as gross domestic product (GDP).
Articles
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Early indicator estimates from the Wealth and Assets Survey
Preliminary estimates for Great Britain from the Wealth and Assets Survey using attitudinal data not dependent on thorough checking and imputation methodology.
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Financial capability in Great Britain
This article describes the results of analysis of the financial capability measures contained in the 2010 to 2012 Wealth and Assets Survey, many of which were asked for the first time in this wave. It has been written by Andrea Finney and David Hayes of the University of Bristol’s Personal Finance Research Centre to follow the style of an Office for National Statistics statistical bulletin
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Persistent poverty in the UK and EU
Comparisons of persistent poverty between UK and other EU countries.
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Family spending in the UK
Average weekly household expenditure on goods and services in the UK, by region, age, income, economic status, socio-economic class and household composition.
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General Lifestyle Survey
Includes chapters on health, smoking, drinking, households, families and access to vehicles.