Sir Keir Starmer releases his tax returns | Political news

Sir Keir Starmer paid £67,033 to HMRC in the last financial year, according to his tax returns.

The Labor leader released the details after Rishi Sunak released its own on Wednesdayafter months of political pressure.

Sir Keir’s document shows he paid £67,033 in total tax for the 2021/22 financial year and £51,547 the year before.

He revealed he made capital gains of £85,466 in the 2021/22 financial year, on which he paid £23,930 in capital gains tax.

Notes made in the return indicated that the capital gains tax reflected his share of capital gains when his sister decided to sell a house he had bought her.

As Leader of the Opposition, Sir Keir won £126,154 in the same year.

Prime Minister Rishi Sunak said on Wednesday he was “happy” to release his financial affairs, which showed he paid £432,493 in tax in 2021/22.

This included £325,826 in capital gains tax and £120,604 in UK income tax out of a total of £1.9million in the last tax year, the documents show. .

Sir Keir welcomed Mr Sunak’s decision and pledged to publish his own.

He would not comment on the contents of Mr Sunak’s, saying it was for “others to analyze”.

Mr Sunak said he released his tax returns “in the interests of transparency, as I said, and I’m glad I did”, adding that he did not believe the audience was so interested.

The release of the Labor leader’s tax return comes after it was reported he was on a special ‘non-registered for tax’ pension scheme, meaning the lifetime allowance will not be granted. did not apply to his dues as Director of Public Prosecutions (DPP) between 2008 and 2013.

Shadow Justice Secretary Steve Reed dismissed claims that Mr Starmer was a hypocrite, telling Sky News: ‘It was not Keir Starmer as Director of Public Prosecutions who set his own pension.

“That was fixed by the Conservative government at the time, so if people have any issues with that they really need to talk to David Cameron and George Osborne,” he said.

A key part of Jeremy Hunt’s budget last week was his decision to scrap the lifetime allowance on retirement savings, meaning people will now be allowed to put away as much as they can in their private plan without being taxed. The threshold was £1 million.

Labor has pledged to reverse plans if it wins power, calling it a “Tory tax cut for the rich”.

The party has released analysis saying the policy proposed in Mr Hunt’s budget will allow the top 1% of pensioners to save £45,000 in retirement.

Shadow Chancellor Rachel Reeves told Sky News it was “the wrong priority” amid the current cost of living crisis.