"The number of high-earning women in the UK has risen to a record 284,000, according to new analysis by Bowmore Wealth Group. The figure - covering the year to 31 March 2025 - represents a 12% increase from 254,000 the previous year and means women now make up 26% of top-rate taxpayers, up from 25% last year and 24% the year before. The top or 'additional' rate of income tax, currently set at 45%, applies to individuals earning more than £125,140 a year."
"Bowmore's analysis reveals that women remain underrepresented among the UK's very highest earners, with progress stagnating for those earning more than £1 million per year. While the number of men earning seven-figure salaries rose by 9% to 2,500, the number of women remained flat at around 400 - meaning women now account for just 14% of the group, down from 15% the previous year."
A record 284,000 women in the UK paid the top (45%) income tax rate in the year to 31 March 2025, a 12% increase from 254,000 the previous year. Women now make up 26% of top-rate taxpayers, up from 25% and 24% in prior years. Rising female representation appears across senior roles in law, accountancy, and financial services, and women occupy a record 43% of FTSE 350 board positions. Progress stalls at the very top: women earning more than £1 million remain around 400 while men in that band rose to 2,500, leaving women about 14% of seven-figure earners.
Read at Business Matters
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