The number of female high-earners in the º£½ÇÊÓÆµ has reached a record high, as more women secure senior positions in the workplace.

Research from Bowmore Wealth Group shows that the number of high-earning women, those 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 º£½ÇÊÓÆµ.

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

Gill Millen, managing director at Bowmore Financial Planning, said: "It's encouraging to see a record number of higher-earning women", as reported by .

"Growing female representation in senior roles is showing up clearly in higher incomes."

While women are contributing larger tax sums, a significant gender gap continues at the highest earnings levels.

A chart showing the change in the number of top-earning women over time
A chart showing the change in the number of top-earning women over time

Men represented 86% of million-pound earners, rising to 2,500, whilst the number of women earning this sum remained static at 400.

Millen observed the lack of advancement indicates disparities in company share and equity distribution, with most high-earners accumulating substantial wealth through these mechanisms.

She also emphasised the necessity of providing financial guidance to women as their earnings increase, with many choosing not to seek advice due to the male-dominated nature of the field.

Research from Etoro revealed that nearly 50 per cent of women felt underrepresented in the industry and could not identify with those who publicly discussed it.

Millen added: "Change is happening though and with more women reaching the highest tax bracket, the need for smart well-informed investing becomes increasingly important.

"This will enable them to retire comfortably later in life and pass on wealth to their family."