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Rishi Sunak Has Published Tax Return Showing Millions In Outside Income

Prime Minister Rishi Sunak leaving 10 Downing Street (Alamy)

1 min read

Rishi Sunak's tax returns show the Prime Minister has made nearly £4m outside Westminster, and paid over £1m in tax, since entering government three years ago.

The PM has today published details of his personal financial situation following several months of opposition MPs calling on him to do so. He pledged to publish this information during the Conservative party leadership contest to replace Boris Johnson last summer. 

They 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.

Sunak paid £432,493 in tax last year, £393,217 in 2020/21 and £227,350 in 2019/20.

A main source of income for the PM, who is believed to be one of the wealthiest MPs in the House of Commons, was a US investment fund, through which he made £1.76m in capital gains. 

The PM published his tax returns on a busy afternoon in Parliament, with Boris Johnson facing a grilling from the privileges committee over whether he misled MPs about partygate.

Speaking en route Paris two weeks ago, where he held a summit with President Emmanuel Macron, the PM told reporters he had been too "busy" to publish his returns sooner.

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