Quote:
Originally Posted by Hugh
Waits for default answers
However, trying to keep the discussion fact-based, the latest figures for U.K. Median disposable* income is £32,300 - not sure many of those "ordinary" people will have a million pound Estate that wil be hit by IHT…
https://www.ons.gov.uk/peoplepopulat...g2022#glossary
* Disposable income is the amount of money that households have available for spending and saving after direct taxes, such as Income Tax, National Insurance and Council Tax, have been accounted for. It includes earnings from employment, private pensions and investments as well as cash benefits provided by the state. |
If we're defining anyone with a household income over £60,000 as "RICH"............
I've got a bridge to sell you.