By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    IMF asks Pakistan to reduce circular debt to zero in current fiscal year
    September 29, 2025
    Pakistan, IMF begin technical-level talks on tax revenue targets
    September 25, 2025
    Pakistan borrowing nearly doubled from last year: Report
    September 25, 2025
    China sanctions 6 US firms amid ongoing trade talks
    September 25, 2025
    As Hong Kong prepares for Super Typhoon Ragasa, businesses and schools close.
    September 23, 2025
  • Politics
    PoliticsShow More
    Trump announces Netanyahu’s nod to US Gaza peace plan as Israeli attacks rage on
    September 29, 2025
    PM Shehbaz, Field Marshal Munir fully back Gaza peace plan: Trump
    September 29, 2025
    CPEC enters Phase-II as Pakistan, China unveil roadmap for next decade
    September 29, 2025
    Khawaja Asif says Pakistan not selling nukes under Saudi defence pact
    September 29, 2025
    24 Pakistani hostages, LPG tanker released by Houthis: Mohsin Naqvi
    September 29, 2025
  • Technology
    TechnologyShow More
    Transforming future of work: Resource Cloud launches at ITCN Asia 2025
    September 26, 2025
    Meet the history-making astronauts headed for the Moon
    September 24, 2025
    Pakistan to roll out 5G in coming months, says IT minister
    September 23, 2025
    To find Russian agents and obtain secrets, British spies use the dark web.
    September 19, 2025
    Huawei launches AI infrastructure as Nvidia faces China ban
    September 19, 2025
  • Sports
    SportsShow More
    Supreme Court suspends IHC order barring Justice Jahangiri from judicial work
    September 29, 2025
    PM himself included me in UN team as adviser, claims Shama Junejo
    September 29, 2025
    Rauf and Suryakumar were each fined 30%.
    September 26, 2025
    Prince Harry’s bid to reconnect with royals criticized as ‘tone-deaf’ move
    September 26, 2025
    Pakistan cricket fans flex their meme game ahead of India clash
    September 26, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: Based on his tax returns, Sunak paid half a million pounds in taxes last year.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Politics > Based on his tax returns, Sunak paid half a million pounds in taxes last year.
Politics

Based on his tax returns, Sunak paid half a million pounds in taxes last year.

According to Rishi Sunak's personal tax return, which was made public, he made a total income of £2.2 million last year and paid more than £500,000 in UK taxes.

Last updated: 2024/02/12 at 8:16 AM
Published February 12, 2024
Share
2 Min Read
SHARE

According to tax records made public by Rishi Sunak, his income increased from around £2 million to £2.2 million.

While parliament was in recess on Friday afternoon, a summary of the prime minister’s financial matters was made available to the public.

According to the document, he paid £508,308 in taxes during the 2022–2023 fiscal year, which is around £75,000 more than he paid the year before.

Mr. Sunak received dividends and other income of £293,407 in addition to roughly £1.8 million in capital gains, which increased from £1.6 million in 2021/22.

The summary states that every investment income and capital gain originated from a US-based investment fund that was listed as a blind trust.

In addition, he received £139,477 from his ministerial and legislative positions.

Despite earning millions more in revenue, he paid the same effective tax rate as a teacher, as his detractors pointed out.

This is so because the majority of his income was paid in capital gains, which are subject to a lower tax rate than income.

According to the paper, the Tory leader’s overall income increased from about £2 million to £2.2 million, a 13% increase from the previous year.

That brings his earnings over the previous four years to about £7 million.

Approximately 23% of his yearly income was taxed overall, and calls for tax reform were sparked by the document’s release.

Dan Neidle, a tax specialist, stated: “What cunning strategy did he employ to pay such little tax? Not at all. The majority of the £2.3 million is capital gains, and capital gains on shares are only subject to a 20% tax.”

You Might Also Like

Trump announces Netanyahu’s nod to US Gaza peace plan as Israeli attacks rage on

PM Shehbaz, Field Marshal Munir fully back Gaza peace plan: Trump

CPEC enters Phase-II as Pakistan, China unveil roadmap for next decade

Khawaja Asif says Pakistan not selling nukes under Saudi defence pact

24 Pakistani hostages, LPG tanker released by Houthis: Mohsin Naqvi

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin February 12, 2024 February 12, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article Prime Minister Rishi Sunak pledges to reduce taxes as a way to reward diligence.
Next Article Authorities have summoned Elon Musk to appear before them a third time as they investigate his £35 billion buyout of Twitter.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

China’s new K visa beckons foreign tech talent as US hikes H-1B fee
News Pakistan September 29, 2025
Musk’s X ‘deeply concerned’ by Indian court order over content takedown, plans appeal
Information Technology News September 29, 2025
Kabul’s wells run dry, driving children out of class and into water queues
Weather September 29, 2025
Typhoon Bualoi brings havoc to Vietnam, killing 13 with 46 injured
Weather September 29, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?