Arthur Fery to have half of Wimbledon prize money taken away after fairytale run | Tennis | Sport

Fery has climbed into the world’s top 30 as a result of his fairytale run, which also saw him awarded a huge amount of prize money. For reaching the semi-finals, the 24-year-old pocketed an impressive £900,000. However, just under half of that will be taken away from him almost immediately.

That’s because of the 45 per cent income tax rate on earnings over £125,140 and the National Insurance contribution of two per cent that self-employed UK residents pay on profits over £50,270.

It means Fery will lose around £423,000 of his Wimbledon payout, with an income tax bill of £405,000 and a further £18,000 in National Insurance.

After those deductions, the French-born player will take home around £477,000, which is still a very healthy amount for just under two weeks of work.

Sinner won his second SW19 title in as many years on Sunday, coming from behind to defeat Zverev in the final. It saw him bank the £3.6m jackpot, but around £1.62m will be taken away by HMRC.

One extra factor, however, is that players can deduct relevant business expenses such as flights, coaches and equipment. This could mean paying slightly less tax if their profit is actually less than what they receive in prize money.

Fery, meanwhile, is eager to add to his bank balance at future tournaments after emerging as Britain’s top-ranked player following his Wimbledon exploits.

“It means I can play the top players week in week out and compare myself to them and keep working on my tennis,” he said.

“I am going to have to get accustomed to the full life of tour with more media attention and all of that but I think I’m ready for it.

“It is going to be a first as well playing the US Open. I didn’t even play qualifiers last year so it’s going be a great experience.”