Under fire all week about his wealth and involved with a controversial fund set up by his late father, David Cameron was humiliatingly forced to concede that he did indeed profit from an offshore tax haven.

It was the fifth ‘clarification’ statement he and his Downing Street officials had issued in as many days — despite the initial claim that this was purely a ‘private matter’.

As ROSS CLARK explains, though, there is no shortage of money sloshing around the Cameron family — as well as links to offshore companies...

Samantha Cameron received £100,000 as 'creative consultant' at upmarket stationery firm

1. Samantha Cameron

Income: Career with upmarket stationery firm Smythson saw her become creative director and build up a 2.7 per cent personal stake in the company.

When the firm was bought out for £15.8 million in 2005, she received £437,000 for her shares and got a second pay-out (estimated to be £40,000) in 2009.

Her salary as creative director was said to be £400,000 in 2010, but when her husband became PM, she opted to work part-time as ‘creative consultant’ on a reported £100,000 a year.

Smythson’s own tax arrangements have come under scrutiny. The Mail revealed last year that it was owned by Greenwill SA, a secretive firm based in Luxembourg, which itself was controlled by the Barracuda Trust, a Guernsey-based organisation.

We wrote that no UK tax had been paid on the roughly £1 million of dividends paid in previous years to Greenwill SA. And, if Smythson were ever sold, for a profit, the secretive foreign owner could also escape UK capital gains tax and stamp duty.

Sir Reginald Sheffield, Samantha’s father, owns property and land estimated at more than £20m

2. Sir Reginald Sheffield

Who: Samantha’s father.

Wealth: Cameron once embarrassingly joked: ‘Samantha owns a field in Scunthorpe.’

In fact, her father, Sir Reginald Sheffield, owns property and land estimated at more than £20 million, has more than 3,000 acres of arable land, Grade I-listed stately country home Sutton Park, an 18th-century Georgian house north of York, a home in London and a hall near Scunthorpe.

3. Annabel Astor

Who: SamCam’s mother.

Wealth: Born into wealth. Her grandfather was Sir Roderick Jones, chairman of Reuters, and as a child was brought up in London’s Hyde Park Gate, next door to Winston Churchill.

Married into two wealthy families, first to Sir Reginald Sheffield and then to the 4th Viscount Astor.

Co-founder and chief executive of furnishings retailer OKA, which was valued at £30 million in 2006 and which made £1.7 million profits last year. Half its shares are owned via a Guernsey-based company.

Annabel Astor, SamCam’s mother, was born into wealth. She is pictured with William Waldorf Astor III, Samantha Cameron’s stepfather, who owns a 20,000-acre Tarbert Estate on Hebridean island of Jura

4. 4th Viscount Astor

Who: William Waldorf Astor III (Samantha Cameron’s stepfather).

Wealth: His great-grandfather, the 1st Viscount Astor, was believed to be the wealthiest man in America, with business interests spanning newspapers and New York’s Waldorf Hotel.

His grandparents owned Cliveden, the Buckinghamshire stately home at the centre of the Profumo scandal. Has a total of four properties — including the 20,000-acre Tarbert Estate on the Hebridean island of Jura, which has been held offshore in the name of a Bahamas-registered company, Ginge Manor Estates.

(Just as Cameron’s father named his off-shore trust after a family ancestral home, Ginge Manor is the name of the Astors’ stately pile in Oxfordshire.)

The Viscount has complained about land reform plans by the ruling Scottish Nationalist Party which he feared might force him to sell some of his land — calling them a ‘Mugabe-style land-grab’.

William Waldorf Astor IV, Samantha’s half-brother, owns 75 of 200 shares in £9.9m company

5. William Waldorf Astor IV

Who: Samantha’s half-brother.

Wealth: Businessman who owns 75 out of the 200 shares in Long Harbour Ltd, a company which invests in the freeholds of blocks of flats and retirement developments. It made profits of £9.9 million in 2014 but only paid £948,000 in UK tax.

While there’s no suggestion there is anything illegal in the company’s tax arrangements, the UK tax bill was reduced because £1.09 million worth of the profits were made by funds managed in Guernsey and the Isle of Man.

Long Harbour Ltd received £565,000 in advisory fees from a British Virgin Islands-based company called Atlantic Property Management, which owns 50 of Long Harbour’s shares.

David Cameron receives a salary of £150,000

6. David Cameron

Income: Salary of £150,000 as Prime Minister (having voluntarily cut his pay to that of other Cabinet ministers).

Inheritance: £300,000 in cash from his father Ian Cameron’s will (below the inheritance tax threshold).

Properties: West London family home in Ladbroke Grove, bought in 2006 for £1.125 million. After a major refurbishment, including a new basement and side extension, it is now worth £3.5 million. The property has been let since the Camerons moved to No 10. Similar properties fetch £7,000 a month, so they may have made more than £500,000 in rental since 2010.

Cameron’s constituency house is in the Oxfordshire village of Dean. Bought for £650,000 in 2001 when he took out a £350,000 mortgage — with the interest payments covered by taxpayers as part of his MP’s expenses.

In 2011, the Camerons paid £137,000 for a neighbouring parcel of land from a millionaire lobbyist peer friend. The house is now worth £1.3 million.

Investments: At first this week, Cameron denied having any current interest in an overseas trust. But he was then forced to admit he had profited from a £12,497 investment he and his wife made in 1997 in an offshore holding owned his father.

He said he sold the shares in January 2010 — four months before he became Prime Minister — pocketing a tax-free profit of just over £19,000.

Cameron said on Thursday: ‘I paid income tax on the dividends, but there was a profit on it, but it was less than the capital gains tax allowance, so I didn’t pay capital gains tax, but it was subject to all the UK taxes in all the normal ways.’

He’s said he has no shares, but some cash savings. However, he has owned shares in the past — reportedly in Carlton Communications (where he worked before becoming an MP) and £40,000 worth in Urbium, which runs nightclubs such as Tiger Tiger in London and for which he was a non-executive director.

7. Ian Cameron

Who: David’s father, who died aged 77 in 2010.

Career: First worked in the stock-broking firm Panmure Gordon, where his father was director. Became a director himself until the company was sold in the 1980s — earning him a reported £2 million windfall.

Then set up Blairmore Holdings (named after the family’s ancestral home in Aberdeenshire), an investment trust based in the Bahamas which has managed tens of millions of pounds on behalf of wealthy families.

He chaired an investment fund in Jersey, held shares in Blairmore Asset Management in Geneva and set up Blairmore Holdings in Panama. The trust was the subject of this week’s revelations in the so-called ‘Panama Papers’ because he was exposed as a client of the law firm Mossack Fonseca, from whom the documents were leaked.

David Cameron's parents Ian Cameron, who died aged 77 in 2010, and Mary Cameron. Mr Cameron's fortune was estimated at £10m the year before he died

In 2008 (when his son was leader of the Opposition), he took legal advice about the pros and cons of different tax havens — such as the Cayman Islands and Bermuda. Blairmore’s directors wanted to continue to avoid paying UK taxes. Then, in June 2012, Blairmore was moved to Ireland, another tax haven with many of the advantages of the more distant offshore jurisdictions.

Income: Was paid £12,400 a year as director, but will almost certainly have had a large personal interest in the fund. The year before his death, his fortune was estimated at £10 million.

Legacy: His will detailed wealth of just £2.74 million. But it listed only UK-held assets. The document was published in Jersey and an investigation by Channel 4 News revealed he kept part of his wealth in the tax haven.

A grant of probate was filed with courts on the Channel island, a process that only happens with a minimum of £10,000 assets. The full value does not have to be disclosed.

There were also substantial chattels left to his widow, Mary. Two paintings from his home in Peasemore, Berkshire, were sold for £800,000 in 2006.

8. Mary Cameron

Who: David’s mother and the daughter of Sir William Mount, Army officer and businessman who became director of the Miles Aircraft Company and High Sheriff of Berkshire.

Wealth: Few details exist of what she was left in her husband’s will. Likely, though, she’s still a beneficiary of Blairmore Holdings.

David Cameron’s statements this week declared that neither he, his wife nor his children were beneficiaries of any offshore trust but he did not mention his mother.

Alexander Cameron, David’s elder brother, owns a property worth £3.7m

9. Alexander Cameron

Who: Cameron’s elder brother. A leading English barrister.

Career: According to Who’s Who Legal 2014, the ‘terrific’ 52-year-old QC is head of chambers and a ‘master of criminal law’, who ‘especially excels at intricate fraud, bribery and corruption matters’. Clients rave about his ‘spot-on judgment’.

Figures that were revealed as a result of a Freedom of Information request in 2011 showed he was paid £1.13 million in legal aid over a period of ten years.

Wealth: Ownership of his childhood home, the Old Rectory in Peasemore, Berkshire, was transferred to him in 2006 in order to reduce the size of his father’s estate before he died. It was then worth £2.5 million and is now valued at £3.7 million.

10. Tania Brookes

Who: Cameron’s elder sister. Married to a consultant cardiologist and lives in a £900,000 house near Tadley, Hampshire.

Wealth: On her father’s death, she and her younger sister, Clare, each received a share in a property in London’s Kensington. Tania receiving a controlling share of 51 per cent and her younger sister 49 per cent.

Tania Brookes, David Cameron’s elder sister, who lives in a £900,000 house near Tadley, Hampshire

Clare Cameron, David Cameron’s second sister, lives in £1.8m property in west London

11. Clare Cameron

Who: Cameron’s second sister.

Wealth: Married to Jeremy Fawcus, the son of the former chief of staff at the supreme HQ of Allied Forces Europe. The Fawcus family home was Flowton Hall, near Ipswich, Suffolk, which was sold in 2013 for around £800,000.

Her husband is chief executive of Firefish, a marketing agency he founded. They live in a £1.8 million house in Shepherd’s Bush. Left a share of another London property in her father’s will.

Ewen Donald Cameron, David Cameron’s grandfather, left £57,000 in his will

12. Ewen Donald Cameron

Who: Cameron’s grandfather. Died in 1958.

Career: Director of stockbrokers Panmure Gordon. Born into wealth. Inherited Blairmore House, a mansion built by his ancestor in the 1880s.

Legacy: He left £57,000 in his will (the equivalent of more than £1 million today). Blairmore House was sold during the 1940s and is now a retreat centre run by the international evangelical group Ellel Ministries.