Rishi Sunak publishes tax returns showing how much he earned last year

RISHI Sunak paid more than half a million pounds in tax last year, his return shows. 

The PM coughed up £508,308 on the £2.2million he earned – an effective rate of 23 per cent.

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A whopping £1.8million of his total income was capital gains on assets in 2022/23, up from £1.6million the previous year. 

It was topped up by his £139,000 MP and ministerial salary and some investment shares.

All of the investment income and capital gains came from a US-based investment fund listed as a blind trust.

The former California resident separately paid 6,847 US dollars in tax from 45,646 US dollars of dividends that were taxed separately in the US in 2022.

The PM – who alongside wife Akshata Murthy has an estimated wealth of £529million – had committed to publish his tax returns.

This week Mr Sunak faced claims of being out of touch after making a £1,000 bet that Rwanda flights will take off before the election.

Chancellor Jeremy Hunt also revealed his own documents showing he paid £117,418 in tax from £416,605 income.