Paycheck Crash: Disgraced Presenter Phillip Schofield’s Yearly Income Collapses From £1M to Just £7K

Phillip Schofield’s bank account is feeling the full force of his explosive television exit. The veteran presenter has seen his earnings disintegrate after walking away from his long-held spot on British screens, with recent reports revealing a jaw-dropping collapse in his personal income. According to newly published financial documents, the disgraced former presenter saw his yearly income plummet from a staggering £1 million down to just £7,248. The stark contrast marks a monumental financial reversal for a broadcasting staple who spent decades at the very top of UK daytime television. ## How much money did Phillip Schofield make on This Morning? For 20 years, Schofield served as a primary face of ITV’s popular daytime show *This Morning*. His lucrative television deal and dominant screen presence guaranteed him a comfortable seven-figure annual income, placing him among the most highly compensated personalities on British airwaves. However, that long broadcasting reign came to a screeching halt in May 2023. Schofield resigned from the network after admitting to having an affair with a much younger male coworker, a relationship he had previously denied when questioned by executives and press reps. ## Why was Phillip Schofield taken off television? The scandal erupted after the presenter confessed that he had lied about the secret workplace relationship to his employers, legal advisers, and the general public. Following his public admission, he parted ways with his talent management and stepped down from all television roles at ITV. With his broadcasting career effectively frozen, the financial repercussions arrived swiftly. The loss of his flagship hosting role—along with the total end of potential commercial endorsements and secondary television projects—completely cut off his traditional cash flow. The newly surfaced figures underscore the sharp reality of his ongoing industry fallout. Going from a £1 million annual salary to making barely over £7,000 in a year shows how completely the presenter's financial empire shattered following his exit from the screen.