There have been plenty of examples in the media recently of people with privileged jobs on six-figure salaries complaining that they are struggling. It is hard to imagine how anyone on a salary of more than PS80,000 could be classed as being in the top 1% of earners in a country where almost a third of children live in poverty. More info

The answer is that being in the top 1% of earners uk means having an annual income of more than £210,000. This is about double the average income of the whole population of the UK. There are many ways to get into this elite club, including choosing the right career path, working hard and progressing up the ranks in a company or profession, and making savvy financial choices.

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In addition to their high wages, the wealthiest 1% of people in the uk also have substantial other sources of income and wealth, such as dividends from investments and interest payments on their bank accounts. In fact, they account for a large proportion of all the passive income and wealth in the country.

It is worth noting that the top 1% of earners pay a very high proportion of all income tax, a trend that has continued since 1999. This is partly because they are more likely to own businesses and pay corporation tax. In addition, they tend to use a range of legal and tax strategies to shelter their income as much as possible.