Emma Raducanu is set to lose nearly half of the £136,210 prize money she earned for reaching the final of the HSBC Championships at Queen's Club, according to a tax expert. The British tennis star was beaten in straight sets by Donna Vekic on Sunday, but her runner-up finish still earned her a significant sum.
Tax expert Nicole Zalys, known as The London Accountant, calculated that Raducanu, as an additional rate taxpayer with other income exceeding £125,140, faces a 45 per cent income tax rate plus two per cent Class 4 National Insurance, resulting in an effective tax rate of 47 per cent. This means her total tax liability is £64,018, leaving her with an estimated take-home of £72,192.
Zalys noted that Raducanu has multiple revenue streams, including lucrative brand deals that go through her limited company, Harbour 6 Limited. The 23-year-old has struggled to replicate her 2021 US Open triumph but battled to her third WTA final last week without dropping a set before falling 6-0, 7-6 (8-6) to Vekic.
After the defeat, Raducanu thanked the home fans for their support, saying: 'It's been an incredible week for me, making the final here, playing in my home city, in my home tournament. The support I have received all week has been incredible.' She added: 'The performances I had this week, I played really well. I managed to get myself back into the second set, and I'm proud of how I fought.'
