Tax for personal tax payers, 2004

The average debt for people under 25 was NOK 81 000, an increase of NOK 9 000. People aged 67 to 79 years increased their debt by NOK 13 000, or 20 per cent, from 2003 to 2004.

People assessed in Oslo and Akershus had the highest average debt at NOK 365 000 and NOK 351 000 respectively. People in Sogn og Fjordane and Oppland had the lowest average debt at NOK 210 000 and NOK 211 000 respectively.

Slight increase in gross income

The average gross income for employees and pensioners was NOK 241 000, an increase of 2 per cent from 2003. On average, wages increased by 2.5 per cent, while pensions and national insurance benefits increased by 5 per cent. People aged 45 to 54 years had the highest average gross income at NOK 335 000. People aged 35 to 44 had an average gross income of NOK 322 000.

People in Oslo and Akershus had the highest average gross income at NOK 285 000 and NOK 283 000 respectively. People in Nord-Trøndelag and Hedmark had the lowest gross income at an average of NOK 204 000 and NOK 208 000 respectively.

Increase in bank deposits

Many employees and pensioners continue to save money in the bank despite decreasing interest rates. On average, bank deposits amounted to NOK 117 000 in 2004, an increase of NOK 5 000 compared with 2003.

Average bank deposits increase by age. People aged 67 to 79 had an average of NOK 238 000 in bank deposits, compared with NOK 57 000 for people aged 25 to 34. On average, people aged 63 or older had larger bank deposits than debts.

People in Oslo and Sogn og Fjordane had the highest bank deposits, with an average of NOK 142 000 and NOK 136 000 respectively. Finnmark and Østfold had the lowest bank deposits, with an average of NOK 86 000 and NOK 96 000 respectively.

About the statistics

The statistics is based on the Directorate of Taxes' tax settlement, and in 2004 includes 3 077 263 employees and pensioners with tax settlement in June. The remaining part of the tax settlement for personal taxpayers is concluded in October. This includes self-employed people, employees and pensioners married to self-employed people, and employees and pensioners with a more complicated tax return.

Tables:

• Table 1 Taxable income and deductions for employees and pensioners, by age. 2003 and 2004. Average in NOK
• Table 2 Taxable income and deductions for employees and pensioners, by county. 2003 and 2004. Average in NOK
• Table 3 Taxable wealth and debt for employees and pensioners, by age. 2003 and 2004. Average in NOK
• Table 4 Taxable wealth and debt for employees and pensioners, by county. 2003 and 2004. Average in NOK
• Table 5 The number of employees and pensioners, by age and county. 2004