If you look at the pension entitlements of David Cameron and Andy Coulson you get a different picture. The parliamentary scheme expects members to pay a greater contribution than that of the civil service scheme that Andy Coulson is a member of. When you take these into account, he’s on a bigger whack than the PM.
Cameron: Salary £142,500
11.5% of his salary likely to be paid into his pension: £16,387.50
Final salary after taking out pension contribution: £126,112.50
Coulson: Salary £140,000
3.5% of his salary is likely to be paid into his pension: £4,900
Final salary after taking out pension contribution: £135,100
5 comments ↓
Is it not an oversimplification to look at just this aspect? I mean, CallMeDave gets other benefits on top of his salary, so arguably gets a far better package — but equally will pay tax on at least some of those benefits in kind, and so will actually take home considerably less.
And then there’s the money Andy Coulson is free to make elsewhere, which CallMeDave probably isn’t.
Can someone explain why with Camerons big society and the benefit of voluntarism.
These Tory advisers are not doing there advising on a voluntary unpaid basis unlike all the mums and dads who are expected to do running schools and things unpaid in the big society…
What is your point in this article Tom?
Yes, but DC will get that money back, no? It’s not like he’s gifting the mony to someone, so if the calculation looks at pension deductions, surely it should include consequential provisions?
@#2, is that a serious analogy? Surely not.
James, you’re doing the same thing as the article, just looking at one side of the transaction. If he gets ‘benefits’ then the tax doesn’t usually equal the amount he’d have to pay privately, otherwise I guess it wouldn’t be a benefit, just a service he paid for.
Of course, if one Mr G Brown hadn’t accepted a £44,000 reduction in salary just prior to the election, then no amount of tax/pension credits/benefit in kind gymnastics would really matter. Then this whole thing would be what it, in truth, it probably is: a non-story.
It makes you think when the salary the PM gets (no matter what party) is less than a top footballer or indeed the audit commissions CEO, what is he world comming too.
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