WHAT IS AN MP PAID?
An MP’s annual salary (with effect from April 2008) is £61,820. Government Ministers, the Speaker and his deputies and the Leader of the Opposition (but not Opposition spokesmen) receive additional salaries for those offices. Chairmen of committees receive an addition to their parliamentary salary. In 2008, Parliament voted to place the power to determine MPs’ salaries in the hands of the Senior Salaries Review Body. The SSRB’s recommendations now come into effect automatically without a vote in Parliament. All Members of Parliament are members of the Parliamentary Pension Scheme. This is a final salary scheme with an accrual rate of either fiftieths or fortieths. The scheme is contributory, with MPs who have opted for fortieths (available since 2002) paying 10 percent contributions. MP’S OFFICE AND OTHER EXPENSES EXPLAINED. All MPs are given annual allowances by Parliament to employ staff and run a constituency office and surgeries etc. These allowances include: Additional Costs Allow
