City families earn less than UK average

email enquiries@shawscoaches.co.uk Taxpayers in Peterborough earn significantly less than those across the UK, according to newly-released figures from HMRC, despite the average income increasing by more than £4,000 in five years.

Data for 2015-16 shows that the average taxpaying family (two adults) in Peterborough brought in £27,500 over the year, with some taxed on a combination of income from regular jobs, self-employment and pensions. It means the average total income for taxpayers in the city was 18 per cent lower than the UK average of £33,400.

The data only includes those who pay income tax. As the tax-free personal allowance increased from £6,475 in 2010-11 to £10,600 five years later, an estimated 4,000 fewer workers were taxed in Peterborough in 2015-16.

Taxpayers here paid an average of £3,950 in income tax over 2015-16 which amounted to a total contribution of £350 million to government coffers.