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Old November 16th, 2012, 06:41 AM   #31
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THank you again.

Quote:
National Insurance was deducted by employers separately from weekly wages /monthly salaries Income Tax and National Isurance revenues were used to pay for universal free health care in troduced in Great Britain in 1948 and for benefits like unemployemnt pay and Old Age pensions.Income Tax was quite separate from N.I .
But this information and and information I found in the web confuses me.
. In table of salaries which I sited before (Where can I find the average UK salary firm 1930 to now for every year? - Yahoo! UK & Ireland Answers )
monthly average salary in 1960 UK was 80 and in 2009 it was 37000.
But from the table in the Telegraph's article
Average salary falls 3pc in face of high inflation - Telegraph

follows that gross salary in 2009 was near 26000

If one enters gross salary of 37000 into this The Salary Calculator - Take-Home tax calculator online calculator he/she gets 27600 of net salary.
So what rae gross and net salaries now and how big net salary was in 1960?

Others questions:
What was price of one pound of beans?

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For example, most furniture shops would sell a suite of furniture for 50 guineas
What did this suite of furniture include?
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Old November 16th, 2012, 11:51 AM   #32

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Originally Posted by ddd_new View Post
THank you again.



But this information and and information I found in the web confuses me.
. In table of salaries which I sited before (Where can I find the average UK salary firm 1930 to now for every year? - Yahoo! UK & Ireland Answers )
monthly average salary in 1960 UK was 80 and in 2009 it was 37000.
But from the table in the Telegraph's article
Average salary falls 3pc in face of high inflation - Telegraph

follows that gross salary in 2009 was near 26000

If one enters gross salary of 37000 into this The Salary Calculator - Take-Home tax calculator online calculator he/she gets 27600 of net salary.
So what rae gross and net salaries now and how big net salary was in 1960?

Others questions:
What was price of one pound of beans?



What did this suite of furniture include?
The 1960 1,000 per year gross is about right compared to the 2009 37,000 gross, about 30% deduction (income tax/national insurance) for both, for a single person. In 1960 there was an income tax marriage allowance and child allowance that could reduce that percentage, today there is child allowance paid by the state.

HM Revenue & Customs: Child Benefit rates

Current weekly amount


Eldest or only child 20.30

Additional children - per child 13.40

In comparison house prices were about half in 1960 to what they are now.
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Old November 16th, 2012, 12:19 PM   #33
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Quote:
The 1960 1,000 per year gross is about right compared to the 2009 37,000 gross,
But by another source in 2009 average gross salary was 26000.
What was gross salary in 1960?
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Old November 16th, 2012, 12:46 PM   #34

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Originally Posted by ddd_new View Post
But by another source in 2009 average gross salary was 26000.
What was gross salary in 1960?
I would have thought 750 gross would be nearer the mark in 1960.
Average can be distorted by few bankers etc being paid millions, as far as I know the Office for National Statistics uses "median", that's probably the discrepancy in the two figures.

Median Median
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Old November 16th, 2012, 02:24 PM   #35

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In the 1950s a good working man's wage would have been around 10 per week, certainly more than my coalminer father was earning. When I started work in 1963 at 15 years of age I earned 3.50 per week but it would, no doubt, have been more in London or the big towns.
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Old November 16th, 2012, 11:18 PM   #36
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>When I started work in 1963 at 15 years of age I earned 3.50 per week but it would, no doubt, have been more in London or the big towns.

How much money on person needed in order to eat properly ( to get all necessary vitamins, minerals and calories )?
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Old November 17th, 2012, 10:59 AM   #37

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I lived with my parents at the time and gave them about 2 a week I think. 5 would have been sufficient at the time for a person to subsist if not eat reasonably well but I never saw hunger, poverty and deprivation until I lived in London in the 1970s onwards.
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Old November 18th, 2012, 03:59 PM   #38
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Brian Gower your 1963 wage strikes me as being low. My first wage as a 1st year apprentice in March 1957 was -3shillings and sixpence.
My first tradesman'e wage in 1962 was 10- six shillings net per week of all income tax and National Insurance.
DDH-You should ignore ALL average wages figures quoted in the United Kingdom in ANY year AS they were official figures which bore/bear no reality to what the vast majority of people were actually earning in any given year.
Beans were not /are not sold by the pound in the U.K. but by the tin.
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Old November 19th, 2012, 04:14 AM   #39

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Quote:
Originally Posted by Toomtabard View Post
Brian Gower your 1963 wage strikes me as being low. My first wage as a 1st year apprentice in March 1957 was -3shillings and sixpence.
My first tradesman'e wage in 1962 was 10- six shillings net per week of all income tax and National Insurance.
DDH-You should ignore ALL average wages figures quoted in the United Kingdom in ANY year AS they were official figures which bore/bear no reality to what the vast majority of people were actually earning in any given year.
Beans were not /are not sold by the pound in the U.K. but by the tin.
That was my wage: 3 10s. 0d, and I was a draper's assistant.
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Old November 19th, 2012, 04:36 AM   #40

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In 1968 an apprentice tradesman--welder, fitter etc. could expect to get 8 per week in his first year, rising to 20 5s 0d in his third year. These were minimums set down by the Dept of Employment. A Brother of mine, signed on as an articled clerk in accountancy ( an apprenticeship with a suit and tie) with Ford that year. He got 900 per year-- 17 6/- per week.

Here's a whole wealth of historic data--interpret it as you wish
http://privatewww.essex.ac.uk/~alan/family/N-Money.html
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