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Deductions from MPs' pay to the Commons Members' Fund
CAS-39915
Disclosure Date:16 Feb 2016
Categories: MPs' PAY AND PENSIONS
Exemptions Applied: None
Request

Under an above request could I ask how much in the fiscal years of 2013/14 &  2014/15 how much was deducted from MPs salaries and handed over to the House of Commons members fund as per the act of Parliament?

 

Response

IPSA holds the information that you request.

The House of Commons Members’ Fund (HCMF) was established in 1939, before a pension scheme was established in 1964, to help former Members and their dependants who had financial difficulty. Its original purpose was to provide former Members, their widows and orphan children with a discretionary grant in lieu of a pension. Subsequent amendments allowed grants to be made to alleviate hardship, gave Trustees greater discretion and introduced “as of right” payments to certain Members who left the House before the Parliamentary Contributory Pension fund was established.

Annual Accounts for the HCMF can be found on Parliament’s website, at the following address: http://www.parliament.uk/business/publications/commons/house-of-commons-members-fund/

According to our records, the following amounts were deducted from MPs’ salaries and contributed towards the HCMF.

Financial year

Total amount deducted

2013-14

£15,478.00

2014-15

£15,484.00