Salaries of Members of the United Kingdom Parliament

The basic annual salary for an MP was increased from £67,060 to £74,000 on 31 July 2015, backdated to 8 May 2015. In addition, MPs are able to claim allowances to cover the costs of running an office and employing staff, and maintaining a constituency residence and a residence in London. Additional salary is paid for appointments or additional duties, such as ministerial appointments, being a whip, chairing a select committee or chairing a Public Bill committee.

The basic annual salary of an MP in the House of Commons was increased to £74,000 as of 31 July 2015. Many MPs (ministers, the Speaker, senior opposition leaders, opposition chief whip, etc.) receive a supplementary salary for their specific responsibilities. As of 1 April 2015 these additional entitlements range from £15,025 for Select Committee Chairs to £74,990 for the Prime Minister. On 24 May 2015 David Cameron announced that he intended to freeze ministerial pay for the next five years. However, on 2 June 2015 the Daily Mail reported that ministerial pay was to increase at the same time as MP's basic pay was increased to £74,000. The Prime Minister's total salary would therefore increase from £142,500 to £149,440. The total salary for Cabinet Ministers would increase from £134,565 to £141,505. The total salary for ministers would increase from £89,740 to £96,375. And the total salary for parliamentary under secretaries would increase from £89,435 to £96,375. Full details of current ministerial pay at all levels have yet to be published on either the UK Parliament website or that of the Independent Parliamentary Standards Authority.

MPs also receive extensive allowances and expenses. These expenses and allowances are listed below, and have included the paying for, buying and furnishing of second homes.

MPs are entitled to claim £9,000 a year for postage and stationery (financial year 2015-16). This amount is in addition to any stationery and postage costs which Members may have reimbursed under the Independent Parliamentary Standards Authority's expenses Scheme.

MPs receive allowances towards having somewhere to live in London and in their constituency, and travelling between Parliament and their constituency.

MPs will normally receive a pension of either 1/40th or 1/50th of their final pensionable salary for each year of pensionable service depending on the contribution rate they will have chosen. Members who made contributions of 13.75% of their salary gain an accrual rate of 1/40th. According to a 2009 report in the Daily Mail, state contributions for MPs are more than four times higher than the average paid out by companies for final-salary schemes, but they are not significantly more generous than most public-sector pensions.

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