Rishi Sunak is to donate his Goldman Sachs salary to charity after rejoining the firm as an adviser.
The ex–prime minister will advise leaders across the firm and provide ‘insights on the macroeconomic and geopolitical landscape’ alongside his job as MP for Richmond and Northallerton.
But according to the Advisory Committee on Business Appointments (Acoba), his remuneration for the role will be paid to The Richmond Project.
The charity was set up by Mr Sunak and his wife Akshata Murty earlier this year to improve numeracy across the UK.
The role, which will see Mr Sunak return to Goldman after 21 years, is his first major position since resigning as lead of the Conservative Party following its general election defeat last year.
The appointment to the firm where he worked between 2001 and 2004 comes just over a year since Mr Sunak’s resignation as prime minister, allowing him to take on the advisory position.
Earlier this year, the former prime minister also took up posts with the University of Oxford and Stanford University.
Acoba said Mr Sunak cannot lobby the Government or use ministerial contacts to influence policy or secure business advantage for another year.
It also restricted him from advising on matters linked to foreign governments or sovereign wealth funds for another year.
The Sunak’s charity aims to help children struggling at school, families lacking in number confidence and adults who never mastered basic maths.
Launching it in March Mr Sunak said: ‘Akshata and I are passionate about the importance of education – particularly numeracy, and the culture around it.
‘If we can change the way people think about and approach numbers, we can build confidence and transform lives.
‘We’re calling it The Richmond Project – named after the place where we live and the constituency I am proud to represent.
‘It’ll be a UK-wide charity which will focus on breaking down some of the barriers that exist in families around numeracy – whether you’re at primary school, secondary or indeed as an adult.’
In 2023, while Mr Sunak was still in office, Ms Murty launched her Lessons At Ten programme in which thousands of children came to Downing Street on Friday mornings for lessons on a range of subjects, including numeracy and maths.
Chairman and chief executive David Solomon said: ‘I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a senior advisor.
‘In his role, he will work with leaders across the firm to advise our clients globally on a range of important topics, sharing his unique perspectives and insights on the macroeconomic and geopolitical landscape.
‘He will also spend time with our people around the world, contributing to our culture of ongoing learning and development.’