Household total, gross Income from Self-Employment in year prices (weekly, in nominal terms)

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

Field: Household total, gross Income from Self-Employment in year prices (weekly, in nominal terms)

Options

Weighted Median of Household total, gross Income from Self-Employment in year prices (weekly, in nominal 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 total, gross Income from Self-Employment in year prices (weekly, in nominal 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 total, gross earnings received by the household from self-employment in year prices (weekly, in nominal 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.

Classification

Applicable to: all individuals in a household.

Quality Statement

Self-employed earnings are defined as the total amount of earnings received from self-employment gross of tax and national insurance payments, based on profits (where the individual considers themself as running a business) or on estimated drawings otherwise. Excludes any profits due to partners in the business. Any losses are recorded as such.

For 2020-21 and 2021-22, self-employed earnings do not include any reported grant amounts received as part of the Self-Employment Income Support Scheme (SEISS).

Earnings from self-employment come from those who are self-employed in their main job.

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