Łukasz Małyr he paid almost half a million (£500,000) in tax before he turned 18, according to new data from investment firm Saxo, which tells the story of the last year or so of the savvy superstar’s rise and how much he will actually earn.
With a huge payout for winning PDC World Darts Championships £500,000 means wealth, but it also means that HMRC in the UK will pay income tax, i.e. tax on what he has earned.
According to Saxo, he earned £1,013,500 in tournament wins before winning the world title last week. In 2024 alone, he earned £811,000, which equates to £369,384 in tax. Littler just turned 17. Including tax paid on his winnings of £202,500 in 2023, when he was 16, he will pay £452,772 in income tax.
But there will be even more. He will have to pay more for the £500,000 prize for winning the PDC World Darts Championship.
Although Littler, for a teenager his age, will likely have a huge amount of parental care to look after and probably won’t be a drop in the bucket in the grand scheme of things, it goes to show that even though he earns what he has, it doesn’t equal in the end full and complete wealth.
“If he invested half his career earnings today, or £500,000, in an index fund returning 7% a year, he would earn £36,145.04 in interest in the first year alone, which is about the same as what Britons earn on average each year, working full-time – fixed-term work,” said Dan Squires, commercial director at Saxo, as reported by Sky News.
“If he puts that £500,000 into the same fund for retirement at the age of 65, he will have £13,293,751.87 without throwing another dart.”
