The basic annual salary for an MP from 1
April 2016 is £74,962. MPs also receive expenses to cover the
costs of running an office, employing staff, having somewhere to live in London
and in their constituency, and travelling between Parliament and their
constituency. MPs are entitled to a
minimum of 45 days paid summer holidays.
MPs have a final salary pension scheme which pays 1/40th,
1/50th or 1/60th of the final salary and is accessibly
from the age of 55. They are also entitled
to a resettlement payment of 50% of their salary if they lose their seat and up
to £42,000 to help them with wind up costs of their office and staff.
If you were to look at parliament and the government as national
business it would be the norm for the company cover the cost of regional
offices, staff and any outgoings the company needed to operate their business.
Employees would be entitled to claim travel and accommodation cost when
traveling on company business.
The average basic pay according to the office of national
statistics is £ 26,260 and the minimum wage salary would be £14,976 for a 40
hour week. 99% of normal workers will have to deduct all their own transport
and living cost from this. Normal workers will receive around 28 paid holiday plus
some public holidays off.
Any normal business employees has to pay in to a company
pension and when they reach pensionable age would retire at with a pension they
had paid into and worked all there life for. Or work to 65 to be entitled to
the full state pension which is £119.30 per week or £6,203.60 per year.
A but being an MP is a total different world, for example
an MP who was served for 15 years and has reached the age of 55 and lose your
seat you can just retire and you would receive the following:
ü
6 Months’ salary.
ü
Up to £42,000 to wind up your office.
ü
A Basic pension of £28,110
These are just the minimum figures and would be far greater
if the MP had held any Ministerial position or had been part of any committees
during their time in office. But it is very rare that they would just go away
and never be heard of again they will usually move into the House of Lords and
be paid £300 plus expenses per day.
No comments:
Post a Comment