Details of Total Household Income
The following section on household income and expenditure should be completed for your total household income. Your household will typically include members of your family who currently live in the property. It can be defined as 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, sitting room or dining area.
Combined with the information you are providing on household size and composition, this information will enable government to better understand the characteristics of those accessing the Voluntary Right to Buy. It will inform analysis by both government and independent, third party researchers on how successful the pilot is in delivering its policy objectives.
Please note that gross income refers to earnings before deductions are made in light of taxes and benefits. Net income is gross income minus deductions (e.g. income tax, national insurance contributions and payments to occupational pension).
It will be used as part of a methodology called equivalisation that adjusts household income to account for the different financial resource requirements of different household types. It is used by the Office for National Statistics.
Net income, including tax creditsi.e. after deduction of income tax, National Insurance, and occupational pension contributions
Total social security benefitsincluding Housing Benefit, Council Tax Benefits, Child Benefit and Retirement Pension
Other sources of income
- Net pension income (excluding state pension income)
- Net interest on savings and income from investments
- Amount received from former partners for child maintenance
- Net income from student loans, grants or scholarships