Surrey suburbs of Esher and Walton home to UK’s highest taxpayers

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The leafy Surrey suburbs of Esher and Walton are home to the highest taxpayers in the country, according to research by UHY Hacker Young, which showed that nearly nine in ten top paying UK-based taxpayers live in the leafy ‘stockbroker belt’ around London

The top spot for higher rate taxpayers is the Surrey area of Elmbridge, which encompasses Esher and Walton, and is home to some of the country’s top sports personalities and TV and music celebrities.

Here the average income tax payment hit £17,800 in the 2013-14 tax year, up 5% from £16,900 in a single year.  The average income in the tax hotspots has hit £64,500, up 8% from £59,600 in 2012/13 and over double the UK average.

By contrast, the average UK taxpayer shells out £4,820 on income tax a year, excluding national insurance contributions, and earns an average £29,600.

UHY Hacker Young says Elmbridge has become a hub for the UK’s high net worth individuals and sporting and entertainment stars. Dubbed the ‘Beverley Hills of Britain’, it has been home to a number of high profile celebrities including Elton John, Sir Cliff Richard, ex Chelsea star Frank Lampard and world tennis number two Andy Murray who has racked up $43m in prize money over his career. It is also a big draw for wealthy Russian exiles.

Typical ‘stockbroker belt’ towns and leafy suburbs make up 26 of the top 30 constituencies paying the highest amount of income tax.

The five highest income tax paying areas (average gross income in brackets) are:

  • Elmbridge (Esher and Walton, Surrey), £16,900, up 5% from £17,800 - (£64,500)
  • Windsor, £14,000, up 14% from £12,300 - (£55,300)
  • Beaconsfield, 13,900, up 13% from 12,300- (£55,400)
  • Chesham and Amersham, £13,800, up 5% from £13,200 - (£54,800)
  • Sevenoaks, £13,200, up 20% from £11,000 - (£52,700)

London is ranked at number 22, despite an increase of 9%, from £8,980 to £9,760, reflecting the wide demographic across the capital.

Mark Giddens, head of private client services at UHY Hacker Young, says: ‘Elmbridge is a sought after residential area for high earning celebrities and city brokers. With a number of huge properties with large private grounds, it is a hotspot for wealthy city workers wanting to escape London.’

Northern hotspots

Only four out of the top 30 constituencies were outside of the South East, with Altrincham and Tatton outside Manchester, favourite spots for the Real Housewives of Cheshire and home to the Cheshire Triangle with its multimillion pound footballers’ mansions.

The average income tax bill in Altrincham is £10,400 with a gross income of £45,900, while in Tatton the average income tax is bill is £10,600 with a gross income of £46,000.

Top 30 parliamentary constituencies with highest average income tax bills per taxpayer

 

Area

Average income tax (£)

Average gross income (£)

1

Elmbridge (Esher and Walton, Surrey)

17,800

64,500

2

Windsor (Berks)

14,000

55,300

3

Beaconsfield (Bucks)

13,900

55,400

4

Chesham and Amersham (Bucks)

13,800

54,800

5

Sevenoaks (Kent)

13,200

52,700

6

South West Surrey (Farnham, Godalming)

12,900

52,700

7

Mole Valley (Surrey: Dorking & Leatherhead)

12,700

52,100

8

South West Hertfordshire (Chorleywood, Tring, Berkhamstead)

12,000

49,700

9

Runnymede and Weybridge

11,900

48,600

10

Hitchin and Harpenden (Herts)

11,700

49,600

11

Maidenhead (Berks)

11,200

48,300

12

Reigate (Surrey)

11,200

48,300

13

Henley (Oxfordshire)

10,700

47,500

14

Tatton (Cheshire: Alderley Edge, Wilmslow, Knutsford)

10,600

46,000

15

Hertsmere (Hertfordshire: Elstree, Potters Bar, Bushey)

10,400

46,000

16

Altrincham and Sale West (Greater Manchester)

10,400

45,900

17

Guildford (Surrey)

10,300

45,500

18

Tunbridge Wells (Kent)

10,300

44,700

19

Aberdeen South

10,200

46,100

20

North East Hampshire (Fleet, Hook)

9,860

44,300

21

East Surrey (Caterham, Oxted, Godstone)

9,780

43,800

22

London*

9,760

43,300

23

Epping Forest (Essex: Waltham Abbey, Epping,  Chigwell)

9,730

43,400

24

Brentwood and Ongar (Essex)

9,720

44,000

25

St Albans (Herts)

9,600

44,000

26

Saffron Walden (Essex)

9,480

42,800

27

Woking (Surrey)

9,230

43,100

28

The Cotswolds

9,160

42,300

29

Tonbridge and Malling (Kent)

9,010

41,400

30

West Aberdeenshire and Kincardine

9,000

42,800

 

UK average

4,820

29,600

 

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