The number of UK millennials earning more than £150,000 increased by 22 percent between the two most recent tax years, highlighting the extent to which the generation will become a core clientele for wealth managers and financial advisers.
The number of millennials in the top tax bracket increased from 58,000 to 71,000 between 2019/20 and 2020/21, analysis of HMRC data by Salisbury House Wealth shows, as this generation moved into higher-paying roles and careers. The millennials are ...