Spotlight
Effects of taxes and benefits on UK household income: financial year ending 2022
What's in the bulletin?
- Median household income in the UK before taxes and benefits was £35,000 in the financial year ending (FYE) 2022, increasing to £38,100 after taxes and benefits.
- Median household income in the UK before taxes and benefits was £35,000 in the financial year ending (FYE) 2022, increasing to £38,100 after taxes and benefits.
- Original income inequality (before taxes and benefits) increased by 1.6 percentage points to 50.2% between FYE 2021 and FYE 2022, while final income inequality (after taxes and benefits) increased by only 0.6 percentage points to 29.9%, highlighting the redistributive effect of taxes and benefits.
Publications related to Taxes and revenue
Statistical bulletins
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Effects of taxes and benefits on UK household income: financial year ending 2022
The redistribution effects of individuals and households of direct and indirect taxation and benefits received in cash or kind, analysed by household type.