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http://www.minimumincomestandard.org...oner/index.htm
A Minimum Income Standard :: Homepage
This is a very interesting site. A while ago i posted some information about a survey from the joesph rowntree foundation which showed the minimum income required to live at an acceptable standard in the UK.
The Minimum Income Standards people have come up with a simple budgeter - to show what you should expect to have as a minimum to enable you to live acceptably.
It shows how the difference in what the government deem you entitled to to live on, what you actually get and what you need.
For my circumstances the government deem me to be able to live on £253 a week. I get £172 a week.
the Minimum Income Standards say I need £454 (which seems a lot to me) and that if I got all my entitlements I should be getting £325 from benefits.
I think it is a useful reference Tool and can assist in budget changes if your circumstances change - also show what you may be entitled to.
The calculator will allow users to turn standard budgets into regionally adjusted budgets. This will happen by inputting regional rents, council tax, transport and insurance costs. The unit of analysis is likely to be the family type and the calculator will adjust selected items in the budgets and consequential changes in tax and benefits in order to
calculate the gross wage needed to reached the low cost living standards for that household.
calculate the gross wage needed to reached the low cost living standards for that household.
This is a very interesting site. A while ago i posted some information about a survey from the joesph rowntree foundation which showed the minimum income required to live at an acceptable standard in the UK.
The Minimum Income Standards people have come up with a simple budgeter - to show what you should expect to have as a minimum to enable you to live acceptably.
It shows how the difference in what the government deem you entitled to to live on, what you actually get and what you need.
For my circumstances the government deem me to be able to live on £253 a week. I get £172 a week.
the Minimum Income Standards say I need £454 (which seems a lot to me) and that if I got all my entitlements I should be getting £325 from benefits.
I think it is a useful reference Tool and can assist in budget changes if your circumstances change - also show what you may be entitled to.
Cost ItemCost p/week
Food84.72
Alcohol3.48
Clothing38.79
Personal goods and services26.92
Household goods23.52
Household services12.78
Social & cultural participation106.87
+Housing85.49
of which mortgage0.00
of which rent (default: 75.25)75.25Edit
of which water costs (default: 8.24)8.24Edit
of which other housing costs2.00
Council tax (default: 15.55)15.55Edit
Household fuel (default: 17.74)17.74Edit+Transport costs36.16
of which car (default: 0.00)0.00Edit
of which other (fares, bicycle, etc.) (default: 36.16)36.16Edit
Contents insurance2.14
Childcare (default: 0.00)0.00Edit
Pension / Savings Contribution (default: 0.00)0.00Edit
Debt Repayment (default: 0.00)0.00Edit The total weekly cost of the budget is:454.16
Income ItemIncome p/week +Net earnings0.00
Gross earnings0.00
(Income tax basic rate)0.00
(National Insurance)0.00
Second Earner Gross earnings0.00
(Second Earner Income tax basic rate)0.00
(Second Earner National Insurance)0.00
Child Benefit payable43.90
Working Tax Credit payable0.00
Child Tax Credit payable 130.42
Childcare Tax Credit payable0.00
Housing Benefit payable 75.25
Council Tax Benefit payable 15.55
Income Suport / Jobseekers Allowance payable (default: 60.60)60.60
My total weekly income is:325.72
Budget Information
Standard Costs are valid as of:01/04/08
Income Requirements are valid as of:01/07/08
Budget surplus/deficit is:-128.44
Food84.72
Alcohol3.48
Clothing38.79
Personal goods and services26.92
Household goods23.52
Household services12.78
Social & cultural participation106.87
+Housing85.49
of which mortgage0.00
of which rent (default: 75.25)75.25Edit
of which water costs (default: 8.24)8.24Edit
of which other housing costs2.00
Council tax (default: 15.55)15.55Edit
Household fuel (default: 17.74)17.74Edit+Transport costs36.16
of which car (default: 0.00)0.00Edit
of which other (fares, bicycle, etc.) (default: 36.16)36.16Edit
Contents insurance2.14
Childcare (default: 0.00)0.00Edit
Pension / Savings Contribution (default: 0.00)0.00Edit
Debt Repayment (default: 0.00)0.00Edit The total weekly cost of the budget is:454.16
Income ItemIncome p/week +Net earnings0.00
Gross earnings0.00
(Income tax basic rate)0.00
(National Insurance)0.00
Second Earner Gross earnings0.00
(Second Earner Income tax basic rate)0.00
(Second Earner National Insurance)0.00
Child Benefit payable43.90
Working Tax Credit payable0.00
Child Tax Credit payable 130.42
Childcare Tax Credit payable0.00
Housing Benefit payable 75.25
Council Tax Benefit payable 15.55
Income Suport / Jobseekers Allowance payable (default: 60.60)60.60
My total weekly income is:325.72
Budget Information
Standard Costs are valid as of:01/04/08
Income Requirements are valid as of:01/07/08
Budget surplus/deficit is:-128.44
Even those living above the poverty line are struggling with the cost of living A salary of £14,400 is the minimum a single person needs for an acceptable standard of living, according to research by the Joseph Rowntree Foundation (JRF). 
Home internet access is now seen as essential "Members of the public involved in the research have not reduced what they consider necessities," the report points out. 
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