Jannik Sinner has half of his Wimbledon prize money taken away | Tennis | Sport

The Italian won the fifth Grand Slam of his career. Alongside the iconic Wimbledon trophy, he also received an eye-watering £3.6million winner’s prize. However, the 24-year-old has already handed over £1.62m of that total to HMRC.

The highest nominal income tax rate in the UK is 45 per cent, which is placed on earnings over £125,140 within a tax year. Due to the prize money being in the millions and Sinner being part of the highest tax bracket, the money he receives will be taxed at the highest income rate.

Unfortunately for Sinner, that means having to part ways with around £1,620,000 – the equivalent of around half of his total prize sum.

One factor in his favour, however, is that players can deduct relevant business expenses, such as flights, coaches and equipment, which could mean paying slightly less tax if their profit is actually less than £3.6m.

The same 45 per cent total income tax rate will also apply to the runner-up. Zverev received a prize of £1.8m for finishing as the runner-up.

Top seed Sinner’s path to the final had seen him navigate tight straight-set battles against Nuno Borges and Jenson Brooksby before sweeping past Shintaro Mochizuki and Jan-Lennard Struff. From there, the defending champion put on a clinic in the semi-finals, dismantling seventh seed Novak Djokovic in a 6-4, 6-4, 6-4 victory to reach the final without losing a single set since the opening round.

Meanwhile, second seed Zverev overcame tough four-set challenges from Alexander Blockx and Jiri Lehecka to find his stride. The German went on to dismantle sixth seed Taylor Fritz in the quarter-finals before stopping the fairytale run of British wildcard Arthur Fery, delivering a clinical 7-6 (7-0), 6-2, 6-4 semi-final victory.