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Mon, 15 April 2024

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Keir Starmer Has Published Tax Return Showing More Than £100k Outside Earnings

Keir Starmer speaking in Stoke on Trent on Thursday (Alamy)

2 min read

Keir Starmer's tax returns show he has made more than £100,000 outside Westminster and paid nearly £120,000 in tax since he became Labour leader in 2020.

Starmer published his tax return on Thursday afternoon for 2020/21 and 2021/22, one day after Prime Minister Rishi Sunak made details of his own financial affairs public. 

The document shows that Starmer has made £274,254 in total income since April 2020, including his parliamentary and Labour leader salaries. 

This includes £147,633 in 2020/21, for which he paid £51,547 in income tax, and £126,621 in 2021/22, for which he paid £41,103 in income tax. 

In 2021/22 Starmer also received £85,466 in capital gains following the sale of a house he had helped his sister to buy, on which he made a £23,930 capital gains tax payment. 

In both years, the main source of income was his salaries as an MP and Leader of the Opposition, however, there was also £21,925 of self-employment income recorded in 20/21 and £453 the next year. 

The capital gains and self-employment income mean that since April 2020 Starmer made £107,844 outside his parliamentary earnings. 

Overall, Starmer paid £51,547 in tax for the financial year 2020/21 and £67,033 in 2021/22, giving a total of £118,580.

Sunak’s own tax return showed that he has made more than £4m outside Westminster since entering government three years ago. 

Documents show that Sunak has made around £3.8m (£3,813,596) through capital gains and investments since being appointed chancellor of the exchequer three years ago. 

He has made a total of £4.7m since 2019 when you add his MP and ministerial salaries, and paid just over £1m in tax on these earnings over that period, his details show.

Last night, chairman of the Conservative Party Greg Hands urged Starmer to release his own documents. 

He told TalkTV “Rishi Sunak has fulfilled his pledge to publish the tax returns, we’re now waiting to see Keir Starmer to do the same.” 

 

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