Household Income from Tax Credits in latest prices (weekly, CPI-adjusted real terms)

Dataset: Family Resources Survey (Adult, Child, Individual, Household)

Field: Household Income from Tax Credits in latest prices (weekly, CPI-adjusted real terms)

Options

Weighted Median of Household Income from Tax Credits in latest prices (weekly, CPI-adjusted real terms)

Weighted indicates that underlying sample of individuals in the Family Resources Survey (FRS) has been weighted or 'grossed up' to represent groups of individuals with certain characteristics in the whole population.
Median income is the middle Household income identified by dividing the population of individuals, when ranked by income, into two equal-sized groups.

Weighted Mean of Household Income from Tax Credits in latest prices (weekly, CPI-adjusted real terms)

Weighted indicates that underlying sample of individuals in the Family Resources Survey (FRS) has been weighted or 'grossed up' to represent groups of individuals with certain characteristics in the whole population.
Mean of household income is calculated by adding up incomes for each household in the population and dividing the result by the number of households.

Description

The income received by the household from Tax Credits in latest prices (weekly, CPI-adjusted real terms), as reported by FRS respondents, where:

A household consists of one person living alone or a group of people (not necessarily related) living at the same address, who share cooking facilities and share a living room or sitting room or dining area. A household will consist of one or more benefit units.
There are two types of Tax Credits, Working Tax Credits and Child Tax Credits, which are paid by HM Revenue & Customs.

Classification

Applicable to: all individuals in a household.

Quality Statement

Tax Credits are being phased out, as they are replaced by Universal Credit.

Further information can be found in the FRS Background Note and Methodology here.