| Would
you describe yourself as 'emerging' or 'mass' affluent?
Do you even know what these mean?
They are basically tags attached to a would-be or
affluent investor who is likely to have an annual
income upwards of £50,000 or possess in the region
of £100,000 plus of net assets. Estimates suggest
that this group accounts for up to 6.5% of the UK
population (3.1 million people). This is split into
75% men to 25% women.' (Source: Mintel 2001)
The number of adults earning over £50,000 a year
in real terms is estimated to more than double by
2005.
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Are you a new affluent?
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The affluent: classed by liquid asset bands
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Liquid assets
|
Number of people (millions) |
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Emerging affluent (£50,000-£99,000)
|
1.94 |
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Affluent (£100,000 - £499,999)
|
1.06 |
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High net worth individuals (£500,000+)
|
0.10 |
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The affluent: age breakdown
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Age group
|
Percentage of total affluent |
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15-34
|
11 |
| 35-44 |
20 |
| 45-54 |
21 |
| 55-64 |
23 |
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65+
|
27 |
|
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(Percentage figures have been rounded up
and down.)
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The affluent: Breakdown by mainland UK regions
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Region
|
Percentage |
|
|
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London
|
32 |
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South
|
13 |
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Anglia/Midlands
|
16 |
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South West/Wales
|
9 |
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Yorkshire/North East
|
9 |
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North West
|
13 |
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Scotland
|
7 |
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Source: Mintel 2001
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Bespoke service
If this scenario is applicable to you, we can provide
you with a bespoke service designed to help you accumulate
further capital and at the same time incorporate the
tax planning issues linked to wealth creation.
However sophisticated your arrangements may be,
our bespoke financial planning service will encompass
all your individual requirements. Please e-mail
or contact us for further information.
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