Finding a good balance between reducing specific benefits and creating an enthusiastic environment for Teen parents to want to work or go back to work can be quite a tricky one, and would need investigation and wisdom. With the recent talks about increasing the transportation fare by 6.2% in Britain, it can’t get trickier than this.
Let me give a good example of the effect of this price hike;
Lets assume we have a teen mum on a receptionist fixed salary of £800/month (assuming there is no pension contribution)
Fixed Basic Salary/month (£) | Tax + NI | Take Home | Transportation fare/month (£) | Rent/month(£) | Feeding(£) | Remaining(£) | |
800.00 |
55.00 |
755.00 |
180.00 (@ 9.00/day) |
220.00 |
120.00 |
A. 235.00 |
|
800.00 |
55.00 |
755.00 |
191.16 (@9.558/day) |
220.00 |
120.00 Assuming food prices remain constant |
B. 223.84 |
|
£11.16 addition with new percentage increase per month. In 12 months, this adds up to 11.16 x 12 =£133.92 more on transportation removed from a fixed basic income. |
Lets assume we have another teen mum/dad on an administrator fixed salary of £1200/month (assuming there is no pension contribution)
Fixed Basic Salary/month (£) | Tax + NI | Take Home | Transportation fare/month (£) | Rent/month(£) | Feeding(£) | Remaining(£) | |
1200.00 |
173.00 |
1027.00 |
180.00 (@ 9.00/day) |
220.00 |
120.00 |
A. 507.00 |
|
1200.00 |
55.00 |
1027.00 |
191.16 (@9.558/day) |
220.00 |
120.00 Assuming food prices remain constant |
B. 495.84 |
|
£11.16 addition with new percentage increase per month. In 12 months, this adds up to 11.16 x 12 =£133.92 more on transportation removed from a fixed basic income. |
At £180.00 per month | At £191.00 per month |
Total of £2160.00/Year | Total of £2292.00/Year |
Total Increment | Of £132.00 in 2013 |
Like to Comment on this Topic?