In total, Rishi Sunak paid £508,308 in taxes, with the majority of tax paid on returns on investments with a capital gains tax (CGT) bill of £359,240 and £163,364 in income tax, equivalent to a favourable rate of 22.8%. Anyone earning over £150,000 from employment income currently pays income tax at 45%.

The PM’s tax summary was produced by Evelyn Partners but did not include any information about national insurance contributions (NICs) on earnings.

His overall earnings increased in the last 12 months, resulting in a higher tax bill, up £75,000 from 2021-22 when he paid £432,493.

His total income was £2,229,086, up £300,000 on the previous year and he is the highest paid member of the House of Commons.