Lower wages for older accountants

Once accountants pass the age of 50 their wages tend to decline, according to a study by West Sussex recruitment consultancy Alexander Lloyd.

According to the consultancy, accountants reach their earnings peak in their 40s, while their wages tend to decline after they hit the half-century mark.

Its survey of 200 accountants salaries found that those aged between 20 and 29 earned £31,680 on average, while those aged 30-39 had an average annual wage of £46,157 and the 40-49 year old age group enjoyed average earnings of £54,545.

The over 50s saw their salary drop to £49,773 on average while the over 60s faced an even steeper decline, with their wages plummeting to an average of £34,919 a year.

Further reading:

Salary survey: war for talent

Employee benefits: flexible working 

Employee benefits: packages