Cristiano Ronaldo Kieran Maguire Kwasi Kwarteng Britain Manchester stars experts man Cristiano Ronaldo Kieran Maguire Kwasi Kwarteng Britain Manchester

Cristiano Ronaldo to earn over £1million more at Man Utd after government tax cuts

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Cristiano Ronaldo will bank more than £1million extra at Manchester United thanks to the UK government's lowering of the upper tax bracket.Ronaldo, 37, is already understood to be pocketing a mind-boggling £510,000k-a-week at Old Trafford, after penning an initial two-year deal with the Red Devils last summer.

However, the five-time Ballon d'Or winner is now set to see a dramatic increase in his bank balance due to Kwasi Kwarteng's mini-budget announcement.On Friday (September 23) the newly-appointed Chancellor abolished the additional tax rate for those earning over £150,000-a-year, meaning the maximum tax bracket in the United Kingdom now stands at 40% - which applies to those on incomes above £50,271.READ MORE: Cristiano Ronaldo thought ex-Chelsea player who ended up in prison was better than himKwarteng also announced the basic rate of income tax will be slashed from 20% to 19% in April, whilst also reverting the planned 1.25% rise in national insurance.Football finance expert Kieran Maguire explained that the government's changes to taxation will see Ronaldo's take-home income rise by an extra £1.3m - the equivalent of funding 26 band 8 nurses in the UK."Cristiano Ronaldo's take home will increase by roughly £1.3m over the course of 12 months, which is a lot of money.

I’ll always defend footballer’s pay. We live in a market-based environment," Maguire told the i newspaper.HAVE YOUR SAY! Do you agree with the UK government's tax reduction for higher earners?

Let us know in the comments section below"It is a short career and the majority of players don’t earn the money that provides the focus for people like me who will show the strange benefits that these things can bring.

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