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Number of high-earning women in º£½ÇÊÓÆµ hits record high - but gender pay gap remains

A significant gender gap continues at the top earning levels

Models of a man and woman on a pile of coins and bank notes(Image: Joe Giddens/PA Wire)

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(Image: HMRC / BOWMORE WEALTH GROUP)

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