CRISTIANO Ronaldo and Mohamed Salah are set to rake in an extra £1.3million annually following the new tax and National Insurance cuts announced by the Government, according to reports.
The UK Government has revealed that the cut of the highest rate of tax will drop from 45 to 40 per cent, which will come as music to the ears of Premier League footballers.
On average, top-flight stars already collect an estimated £4million per year after tax – according to The Times – but that figure will now increase on the back of the tax cuts and national insurance changes.
One of the biggest beneficiaries of the cuts, outlined in Chancellor, Kwasi Kwarteng’s mini-budget, is Manchester United superstar, Ronaldo who reportedly earns £400,000 per week at Old Trafford.
Football finance author, Kieran Maguire claims the Portugal captain will earn over £1million in extra net income as a result of the changes, telling i: ‘Cristiano Ronaldo’s take home will increase by roughly £1.3m over the course of 12 months, which is a lot of money.’
Mohamed Salah, who earns the same salary as Ronaldo at Liverpool, is also in line for an extra £1.3million over the next 12 months.