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AIBU?

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What do you consider "low income?"

107 replies

SistemaAddict · 03/05/2020 11:14

People often talk about low income but I wonder if there is a set figure or if it's relative?
I would probably class as low income as I'm on UC but I don't consider myself poor like many might see me.
Just asking out of curiosity.

OP posts:
OnlyFoolsnMothers · 03/05/2020 14:50

There’s different answers for different parameters, I have a friend who earns c. £18k imo low income BUT she lives at home with no substantial outgoings. I earn significantly more but have a mortgage and childcare to fork out for.
Essentially we have the same disposable income.

Ilovecats14 · 03/05/2020 14:52

Around £25k I would say is low.

jadey0891 · 03/05/2020 14:52

@Hopefulmidwife
Same here. We in the same boat

Devlesko · 03/05/2020 14:54

Yes, but if the single person had kids it would still be a low income.
It doesn't matter what you do with the money when you are assessing what is or isn't a low income.
HMRC doesn't say, well yes that's a low income in the south so you get more than someone else on the same living in the north.

PubsClubsMinistryOfSound · 03/05/2020 14:58

Whether it matters depends on what the question is, surely? HMRC don't, no. But a bank might well if you're looking to buy a house and you're in Burnley rather than Bow, given that the LTV you'll want is very different.

transformandriseup · 03/05/2020 15:43

I was on 20k before I went part time and my partner was on the same. Written down it is a low income but we own our on home and do our best to minimise outgoings so it never seems that low.

Nosuchluck · 03/05/2020 15:59

Under 18k, I live in the South East.

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