Advising private Swiss bank
Woodward has a part-time job advising Swiss private bank Reichmouth & Co. He declares in the register of MPs' interests that he expects to be paid '£35,000 a half year' for 10 days work.
Private Eye magazine noted that the 'super-wealthy' MP will earn more from the Swiss Bank than he does for representing the people of Merseyside'. 
In 2009 the Telegraph newspaper revealed that Woodward, 'the wealthiest member of the Cabinet', had 'claimed almost £100,000 to help pay the mortgage interest on a £1.35 million flat', one of at least seven properties that he owned. 
- Rt Hon Mr Shaun Woodward, www.parliament.uk, accessed 15 May 2013.
- Gordon Rayner, MPs' expenses: Shaun Woodward, millionaire minister, received £100,000 to help pay mortgage, The Telegraph, 6:00AM BST 08 May 2009, acc 25 July 2013
- Private Eye, No 1344, HP Sauce column, 12 July-25 July 2013