Rise in female high earners

THE number of female high-earners in the UK has reached a record level, as more women secure senior positions in the workplace.

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Research from Bowmore Wealth Group shows that the number of women earning over £125,000 and paying the top rate of income tax, rose by 12% to 284,000 from 254,000 the previous year.

Women are also increasingly likely to pay the top rate of income tax, representing 26% of all top-rate taxpayers in the UK.

This mirrors the growing number of women obtaining senior roles in well-paid professions, particularly in the legal and financial services sectors, with 43% of FTSE 350 companies now having women in board positions.