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[-] MaoTheLawn@hexbear.net 2 points 8 months ago

Yes, but you wouldn't be able to rent anywhere for that. If rent was cheaper, then it would be viable to live off 12750 for sure.

[-] Saeculum@hexbear.net 2 points 8 months ago

What I mean is that you are not taxed on the first £12750 you earn if you are working minimum wage full time, you only pay it on the roughly £6000 you've made after that, which works out to only about £1700 in income tax and national insurance.

So in the example above, they'd have more income than suggested.

[-] MaoTheLawn@hexbear.net 2 points 8 months ago
[-] Saeculum@hexbear.net 1 points 8 months ago

Is that better than being a regular level of correct?

this post was submitted on 28 Nov 2023
148 points (100.0% liked)

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