Women often find themselves shouldering multiple responsibilities, with many excelling in their professional careers whilst also managing their household and family responsibilities.

As a result, it is not surprising that we found ¼ of women in our sample faced challenges, or barriers, in taking care of children whilst managing or generating wealth. In fact, the UK has the second most expensive childcare system in the world, according to the Organisation for Economic Co-operation and Development (OECD).

Furthermore, our research found that women under 50 were more likely to experience gender bias whilst seeking advice from professional legal or financial services. Women faced barriers relating to maternity and gender in the workplace, with 41% stating they had experienced maternity leave related issues, 44% experiencing gender bias, 48% experiencing the gender pay gap, and 37% experiencing issues with working patterns.

We can help women to understand their rights and entitlements regarding workplace benefits related to childcare and maternity leave. However, with the Flexible Working Bill in place as of April 2024, millions of workers will have more flexibility on where and when they work.

By understanding and navigating the guidance and options available, women can make informed decisions that optimise their financial growth, whether that's through their professional careers or through entrepreneurship. Consequently, to help women overcome gender-based barriers to financial growth, guidance on protecting their wealth, wealth structuring, financial planning and tax, is vital now more than ever.