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1 August 2016

Proportion of high earning women remains static

The proportion of high earners that are female has not changed in the last four years, despite initiatives to reduce the gender pay gap, according to new research from global law firm Clyde & Co.
Data obtained directly from HMRC reveals that women accounted for just over one quarter (27 per cent) of all higher rate tax payers in each of the last four financial years. Last year only 1.21m of the 4.47m higher rate tax payers were women.
Clyde & Co points out that although the total number of higher rate tax payers has grown by nearly 1m individuals, the percentage of female higher rate tax payers has not moved for four years.
The firm notes that in July 2015 the then Prime Minister announced new rules that will require UK organisations with 250 employees or more to publish information about the difference between the average pay of their male and female employees. In October 2015 the rules, which are expected to come into force in Spring 2016, were extended to include bonuses and cover public sector organisations, as well as private and voluntary sector employers, explains Clyde & Co.                         
For more from Clyde and Co, click here.
A spokesperson has reaffirmed the Government’s commitment to closing the gender pay gap and restated its intention to require organisations to publish details of their gender pay gap, but has given no indication of when the regulations will be published. 

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