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The basic annual salary of a Member Of Parliament (MP) in the House of Commons is £91,346, plus expenses. [1] as of April 2024. In addition, MPs are able to claim allowances to cover the costs of running an office and employing staff, and maintaining a constituency residence or a residence in London. [2]
Tax revenues as a percentage of GDP for the UK in comparison to the OECD and the EU 15. In 1971, the top rate of income tax on earned income was cut to 75%. A surcharge of 15% on investment income kept the overall top rate on that income at 90%. In 1974 the top tax rate on earned income was again raised, to 83%.
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The countries and territories have a net average monthly salary of: Green. above $2,000. Blue. $1,000 to $1,999. Orange. $500 to $999. Red. below $500.
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The Pension Protection Fund was set up to act as a safety net in case a scheme was unable to pay the defined benefits it was committed to. According to the PPF, pension funds in the UK are estimated to have been £367.5 billion in deficit at the end of January 2015. The report puts the deficit at 40%. The PPF figures show that the funds fell ...
The Median Individual Disposable income as of 2018. Median household disposable income in the UK was £29,400 in the financial year ending (FYE) 2019, up 1.4% (£400) compared with growth over recent years; median income grew by an average of 0.7% per year between FYE 2017 and FYE 2019, compared with 2.8% between FYE 2013 and FYE 2017.