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This is an example of someone working 40 hours a week on minimum wage:
Minimum wage is £6.50 per hour, 40 hours = £260 before deductions.
Income Tax = £11.23
National Insurance = £12.60 (Contributions for welfare benefits & State pension)
Take home pay = £236.17
So total tax/deductions equates to 3.66 hours of the weeks work.
That seems to be the common theme for all of us so far.
originally posted by: KnightLight
But here's the thing..
RENT...
makes it Impossible.