MEP’s Pay & Expenses
MEPs are paid a salary fixed at the rate of 38.5% of the basic salary of a judge serving on the European Court of Justice. This currently amounts to €7,957 per month. The actual payment to British MEPs depends on the value of the euro compared to the pound, and varies from month to month.
Tax is deducted at source at the ‘European Community’ rate and income will also be declared to the HMRC and be subject to UK taxation. This means Phil Bennion will probably pay additional tax and make national insurance contributions to ensure that his total deductions amount to the same as the UK rates.
The MEPs’ pension fund is non-contributory. All payments to it are made from the Parliament’s budget and none are deducted from the salary of MEPs.
The salary package includes life and accident insurance, medical insurance, and payments toward language and computer tuition.
MEPs are required to fully account for all their costs and expenses. These accounts must be completed at the end of the year, audited and displayed on the website.
Phil Bennion has been an MEP since late February 2012 and has not yet had to file a full account of his expenses.
The expenses will be broken down into the following headings:
- Accommodation/subsistence allowance:
- Staff costs:
- General office management costs:
- Office rents
- Office rates