View more on these topics

High climbers choose Sheffield

Suburban Sheffield has the highest percentage of high earners outside London and the South-east, according to research by Barclays&#39 wealth management arm, Barclays Private Clients.

Around 7.9 per cent of the residents of Hallam, a Sheffield suburb which backs on to the Peak District, earn more than £60,000 a year.

Hallam is home to more high-earners than Windsor which has 7.8 per cent, Sevenoaks with 7.7 per cent and Tunbridge Wells with 7.5 per cent of the population.

But the best chance of bumping into an “affluential” comes in Kensington and Chelsea, where 12.5 per cent of people earn over £60,000 a year.

Beaconsfield in Buckinghamshire comes second with 10.9 per cent.

Poplar and Canning Town in London&#39s East End have only 3 per cent of people earning over £60,000 but, of these, over a quarter are under 30.

Outside London, the area with the highest proportion of young affluents is Leeds, where 19.4 per cent of residents earning £60,000 a year are under 30.

Managing director Gordon Rankin says: “It may surprise some people to know that a suburb of Sheffield has so many high earners. However, Sheffield is a big urban centre attracting a lot of professionals and business people and has a higher degree of affluence than one would expect.”

Recommended

Standard sets up range of fixed loans

Standard Life Bank is launching a new range of fixed rate Freestyle mortgages with the first fixed until May 20, 2005 at 4.9 per cent on loans to value up to 90 per cent and 5.09 per cent on LTVs up to 95 per cent. The second is fixed until October 15, 2007 at 5.09 […]

Product matters

The penny is dropping. Life offices are beginning to realise that high charges on offshore funds will kill a deal, especially where big sums are at stake. This latest offering from the stable of the Scottish Equitable International team, offers, in my opinion,an excellent low to medium-risk investment vehicle for people with over £75,000. As […]

Honey, the kids shrunk my income

Continuing the theme of future financial provision for children, it has to be said that very few of us are likely to have sufficient liquidity to meet significant expenditure needs such as the cost of further education or the cost of a deposit for a home or assistance with its purchase. Much has been written […]

Confusion as FSA says PPPs could beat OPPs

IFAs are calling for FSA guidance on how to assess the value of final-salary schemes, warning that risks to defined-benefit schemes have increased significantly. They also argue that the surge in the winding-up of final-salary schemes means that many consumers caught up in the pension misselling scandal are better off having transferred out of an […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment