What is your family's monthly take home money?

[reefqueen]

So following on from a popular thread about what us women earn, I am genuinely interested in how much net income families bring in each month?

This is not talked about in real life but I think it is so interesting and I am nosy

So how much money does your household bring in each month? Is it from work or benefits or both? And where in the uk are you?

I'll start:
Me, DH, 2x DC, South East. Money in each month is £3,900. This includes 2 salaries and child benefit.

@Huskylover1

You are quite simply wrong.

I earn £40k a year, pro rata that is £24k a year. I updated hmrc immediately and today received this.

I started this job on 1st November so they have calculated how much I will earn from 01/11 to 05/04. Before 01/11 I wasn’t earning so my income from paid employment was zero

[image edited by MNHQ]

About 5k in south east 2 adults 2 children but no childcare now. We both work full time but whilst my salary is actually more we bring home about the same amount because I pay back my student loan and more into my pension. We also get a bonus each year which is usually around 8% of our salary.

Whilst we're on the subject, I totally do not understand child benefit, tax credits etc. as I've never had any need to. I'm about to have our first child and plan to go back to work part time after maternity leave - can anyone knowledgable point me in the direction of where to find decent info that explains all this stuff?

@AnotherOriginalUsername a website called 'entitled to' should help you

We support Dh ex wife and kids quite a lot as she’s disabled. We also have 3 kids between us at uni. No mortgage as it’s paid off.

naicepineapple thank you, I have a look. I find most of them have calculators and want salary info, that's what confuses me (it doesn't take much!)

Roughly £3k after tax a month. I work 31.25hours a week and my DH is full time...I'm the main breadwinner.

@workreturner That makes much more sense then! But when you are on your full annual salary of £24k, your tax credits will go down.

Around £1500pm after tax/pension/student loan
Income from a FT job and PT, varies depending on bonus

See we don't have a huge amount coming in compared to many on this thread but our mortgage is low, we don't pay for childcare (I work PT around dh's shifts), don't live in london and have very little debt. Our disposable income is very manageable, we aren't well off but we are comfortable.

But it is based on my full annual salary! I rang to chat through.
They have pro rated the £24k for the period 01/11 to 05/04

The letter stipulates that it will go down but only by £106 a month

My salary: 1000 for 16 hours per week
Child benefit: 148 (rounded up to 150 for a nice round total).
DP: 2550 full time
Child maintenance: 1000
Total: 4700
2DC with third on the way so will soon drop by a few hundred when on ML and then with childcare.
Currently no childcare costs, low mortgage by southeast standards, and very low commuting costs.

£2000
2 working adults

£3600 gross, which is my salary + CB. Single parent. One kid at uni and one at home.
I'm near Cambridge.

Single parent, self employed - between £600 and £900 in total, including benefits. No maintenance. No wonder i feel like crying most days! (I used to be a high earner, I miss it!)

Not much

It's absolutely disgusting that people who have so much income are claiming tax credits

I'm inclined to agree. It doesn't seem right. Being "entitled" to something doesn't make it morally right to claim it if it's not needed. My adult DS was on DLA for a long time (ASD) and they wrote a few months back to say it was stopping and did we want to apply for Pip. My DS decided that he wouldn't claim as he was able to go out and earn his own money and it didn't feel right to be claiming something other people need more. We're certainly not rolling in money but I wouldn't feel comfortable claiming benefits I didn't actually need to live on.

Very comfortable on £5,800 net. this is two full time jobs, one little hobby job and a small pension. Empty nesters, fun,fun,fun.

One that might not make people feel so bad!

Mid 20s, no kids, my OH and I take home £3,460 between us, then we have mortgage and bills to pay...

I live in Devon, work part time, 4 children. £1250 main job, £600 from bank shifts, £247 child benefit

Between us, around £6500 a month. most of that is DH. I'm self-employed so it varies month to month.

@Workreturner I’m shocked that you get that much in Benefots on your wage 😳 I get a benefit top up and the total equals to roughly £1800 with child benefit too. I’m on UV not tax credits though.

When I do transfer over to UC it will fall by a further £200 a month
But then I will get help with childcare costs

A depressing thread to read. We take home way way way lower than nearly everyone on here.