The Stockbroker Belt in the south-east of the country is home to nine out of the ten towns paying the highest levels of income tax in England, a new study has revealed.
Carried out by UHY Hacker Young, the research looked at 579 towns and cities around the country, and found that those living in Esher in Surrey are paying the highest rate of tax as a percentage of their income – 28 per cent of £68,000 in earnings on average.
This part of England is particularly popular among high net worth commuters because of its proximity to both London and main airports. Esher itself is also known as Britain’s Beverley Hills, home to famous faces like Andy Murray, Elton John and Gary Lineker.
The south-east has cemented its position as one of the most affluent areas in the UK. This is likely to continue for years to come as Stockbroker Belt towns attract high earning celebrities and City workers alike.”
“However, the government needs to be careful not to kill this golden goose by overtaxing it. We have seen signs in some areas, such as non-doms, that higher levels of tax is gradually driving high earners out of the country,” tax partner with the company Neela Chauhan said.
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