What I mean is that you are not taxed on the first £12750 you earn if you are working minimum wage full time, you only pay it on the roughly £6000 you've made after that, which works out to only about £1700 in income tax and national insurance.
So in the example above, they'd have more income than suggested.
Yes, but you wouldn't be able to rent anywhere for that. If rent was cheaper, then it would be viable to live off 12750 for sure.
What I mean is that you are not taxed on the first £12750 you earn if you are working minimum wage full time, you only pay it on the roughly £6000 you've made after that, which works out to only about £1700 in income tax and national insurance.
So in the example above, they'd have more income than suggested.
You are very correct
Is that better than being a regular level of correct?