As more women reach high-earning thresholds, proactive financial planning becomes essential.
Featured in City AM, Bowmore Wealth Group’s analysis shows a record 284,000 women now earn over £125,000, crossing into the UK’s top income tax bracket. It’s a significant milestone for gender representation in high-earning roles, particularly in sectors like law, finance and tech.
But as Bowmore Managing Director Gill Millen told City AM, there’s a gap between rising incomes and long-term financial outcomes.
“With more women reaching the highest tax bracket, the need for smart, well-informed investing becomes increasingly important.”
Many high-earning women also report feeling underrepresented in the financial advice space.
The rising number of women entering the highest tax bracket highlights a shift in earnings power, but it also presents new financial complexities. Higher income brings exposure to the top rate of tax, reduced personal allowances, and often, under-addressed questions around equity compensation, pension allowances, and long-term wealth planning.
For high-earning women, financial advice tailored to their specific circumstances is essential. From managing tax exposure to building a sustainable investment strategy, a clear plan can help ensure income is working effectively.
City AM: Number of female high earners hits record high
Bowmore Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority.