News Articles



The number of people earning over £250,000 has increased by 36% in the last five years – to 137,300 up from 100,700 in 2010/11*.

15% of these individuals (21,200) are under the age of 40. Rising total pay in the UK’s financial services and technology sectors is likely to be behind the trend.

This growing affluence, however, has a sting in its tail. New pension rules introduced in 2016 limit annual pension contributions for those earning £210,000 or more to just £10,000. So these high earners are finding the options to make highly tax efficient pensions savings much more limited.

Chancellor Philip Hammond could again target high earners in his upcoming Budget by further reducing pension-related tax benefits for the wealthy.

As pension savings opportunities for high earners become increasingly limited, it is important that they explore the other long-term savings options available to them.

This can help ensure that individuals that during their career have been relatively high earners have enough money to continue to support their lifestyles in retirement.

Read more from Salisbury House Wealth on this topic in The Daily Telegraph

 *Latest figures available are 2014/15


Savers are turning away from cash as an investment – new figures out today show that cash ISAs saw a 33% drop in amounts invested in the last year.

 Investments in cash ISAs fell to £39.2bn in 2016/17, down from £58.7bn in 2015/16. The numbers subscribing to cash ISAs fell by 16% over the same period.

 The fall is partly due to the low interest rates offered on cash ISAs which are now negative real interest rates – ultimately leaving savers in danger of their investments devaluing over time.

Savers are cottoning on to the fact that cash ISAs simply do not offer the investment value they need to achieve their long-term financial goals…

 Read more from Salisbury House Wealth in The Independent and Money Expert -


High earning women are starting to gain ground on men, as the number earning £1million or more has doubled in the last five years to 1,400 in the most recent tax year up from 700 in 2010/11.

 According to Salisbury House Wealth, women now make up 9.2% of £1million-plus earners, compared to just 7% five years ago.

 The increase comes as diversity at the top rises up the corporate agenda and entrepreneurship amongst women has increased. There are now 1.6million self-employed women in the UK compared to 1.2million in 2011.

 However, Salisbury House Wealth says that the recent furore over the BBC’s disclosure of its top earners’ pay, which revealed that many female stars are being paid far less than men, highlights that there is still much progress to be made on equal pay.

 Read more in the Financial Times today.


Salisbury House Wealth research has revealed that there has been an 80% increase in tax levied by HMRC on savers who breached the Lifetime Allowance last year.

 The amount collected by HMRC increased to £36m in 2015/16, up from £20m in 2014/15.

 The Lifetime Allowance (LTA) represents the maximum amount of money that a saver can save in their pension pot before incurring an additional tax charge of up to 55%. The LTA was reduced to £1m in April 2016.  

Salisbury House Wealth says that savers can avoid being charged for exceeding their LTA by closely monitoring their pension pot levels. This includes keeping track of investment performance – as well as contributions. 

From the age of 55, savers can also start withdrawing from their pension pot early through the drawdown facility – but this alone is unlikely to solve the issue and needs its own consideration.


Salisbury House Wealth research has found that pension liabilities held by SMEs jumped 7.5% in 2016 – to £4.3bn.

The figures highlight how SMEs are struggling to fund their pension obligations.

They also highlight the risk that employees of SMEs face should their employer become insolvent. If this happens, employees’ retirement income could fall very short of expectations.

It is advisable that employees have in place a back-up plan – such as a personal pension – just in case.

Read more in the latest edition of the Mail on Sunday


The number of young-people earning more than £250k has increased 60% over the last year – Salisbury House Wealth explores the driving factors behind this trend in the Financial Times


The pro’s and cons of taking a defined benefit / final salary pension transfer is reviewed a little here


More women than men are investing in ISA’s and more are choosing to invest in stocks and share ISA’s as discussed in this article


Woman are at the sharp end of the pensions crisis, as new figures show that men have almost three times the amount of retirement savings.


Workers in their 50’s see biggest rise in £250k earners


Always worth reviewing the funds you hold in case you are being overcharged for under performing funds. Actively managed funds operate differently to passive funds and require more attention.


Pension contributions jumped by almost a 1/5th last year but the concern is that the self-employed are contributing up to 50% less. Some of the reasons are explored in this article


The number of under 30’s earning above £1m per year has jumped over a 1/3rd from 2015 – 2016 and some of the details are mentioned in these articles


Research compiled by financial advisory service Salisbury House Wealth found that some 400 under 30s have now reached the huge milestone, this is up from 300 in 2015.


The banks are still getting away with paying as little as 0.05% in interest on savings, new regulations are trying to improve the detail people receive so this trend ceases.