Chelle-82 Posted January 16, 2015 Share Posted January 16, 2015 According to this, my annual earnings is 92% more than the rest of the population.. I can now tell you now, my lifestyle certainly doesn't reflect that! Link to comment Share on other sites More sharing options...
Obelix Posted January 16, 2015 Share Posted January 16, 2015 I think that the concept of disposable income varies too much. Most of my income is spent on providing for my care needs, so although it's not an 'unavoidable tax' it's a pretty unavoidable cost. Without those costs I'd be a lot more comfortable than I am. There's only one real definition of disposable income and that is earnings minus unavoidable tax, basically PAYE and council tax. Discretionary income is what's left after you pay mortgage/rent/food/medical/fuel/pensions etc - and that's where people debate. Is a phone "essential" or does that come from discretionary income? Is house insurance discretionary etc... ---------- Post added 16-01-2015 at 13:52 ---------- According to this, my annual earnings is 92% more than the rest of the population.. I can now tell you now, my lifestyle certainly doesn't reflect that! I think you mean more than 92% of the population. If you really are earning 92% more money than all of us put together, then can I cadge a bit please? 5 million or so will see me right Link to comment Share on other sites More sharing options...
Rotherham1 Posted January 16, 2015 Share Posted January 16, 2015 how come people housing cost is not included but council tax is?? Link to comment Share on other sites More sharing options...
Chelle-82 Posted January 16, 2015 Share Posted January 16, 2015 There's only one real definition of disposable income and that is earnings minus unavoidable tax, basically PAYE and council tax. Discretionary income is what's left after you pay mortgage/rent/food/medical/fuel/pensions etc - and that's where people debate. Is a phone "essential" or does that come from discretionary income? Is house insurance discretionary etc... ---------- Post added 16-01-2015 at 13:52 ---------- I think you mean more than 92% of the population. If you really are earning 92% more money than all of us put together, then can I cadge a bit please? 5 million or so will see me right Hahahaaa Yes I think you are right! Wish I was earning that much! I'd definitely chuck you 5 million Link to comment Share on other sites More sharing options...
Cyclone Posted January 16, 2015 Share Posted January 16, 2015 I think that the concept of disposable income varies too much. Most of my income is spent on providing for my care needs, so although it's not an 'unavoidable tax' it's a pretty unavoidable cost. Without those costs I'd be a lot more comfortable than I am. That's an unusual requirement though. Most people have a fairly predictable set of unavoidable costs, and everything else is a choice. Link to comment Share on other sites More sharing options...
medusa Posted January 16, 2015 Share Posted January 16, 2015 (edited) There's only one real definition of disposable income and that is earnings minus unavoidable tax, basically PAYE and council tax. Discretionary income is what's left after you pay mortgage/rent/food/medical/fuel/pensions etc - and that's where people debate. Is a phone "essential" or does that come from discretionary income? Is house insurance discretionary etc.. I understand the definitions, so maybe I ought to remove the large proportion of income upon which I pay tax but don't even see because it pays for care. EDIT TO ADD- and when I do that it drops our family down 3 deciles down to below the median, as I expected. Edited January 16, 2015 by medusa Link to comment Share on other sites More sharing options...
davyboy Posted January 16, 2015 Share Posted January 16, 2015 It only has 2 pages... Low boredom threshold?? Link to comment Share on other sites More sharing options...
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