If you’re in the top 1% uk earners, you’ll be making more than double that of most UK employees. In addition, you’ll probably have made sure that you’ve sheltered as much of your income from tax as possible, including taking salary in shares, using Capital Gains to the maximum effect, and setting up Trusts in places like Gibraltar.
In the last 30 years, income inequality has been growing and we’re entering a new gilded age for rich people in the UK. However, there is a lot that needs to be done before the richest can really feel at home in our society. This link theinvestorscentre.co.uk
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Top 1% Earners
If your aim is to be in the top 1% uk earners, then there are a number of professions that can give you a chance of achieving this. However, you’ll need to craft your career or business in a way that gives you the highest potential to break into this elite club. In addition, careful financial planning will be essential if you want to remain in this elite group for the long term.
It’s also important to understand what a ‘top 1%’ actually means in terms of net worth. Net worth is essentially how much you’d have if you sold everything that you owned (including your debts). So, to be in the top 1% of the UK, you’ll need to have a net worth of at least PS3.6 million, according to ONS figures from 2020.…