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MPs who lose seat to see ‘winding-down’ payments doubled

25 Aug 2023 2 minute read
The House of Commons Picture by UK Parliament (CC BY 3.0).

MPs who lose their seat at the next general election will receive double the financial support.

Winding-down payments designed to help departing MPs close their office and manage the departure of staff will also now be available to those who step down at the election.

MPs received two months’ wages after losing their seats at the previous general election, but the Independent Parliamentary Standards Authority (IPSA) – which governs MPs’ expenses – has ruled that should be increased to four months.

The payments will not be made to MPs who opt to stand down before an election period.

IPSA said the decision was made because the time to fully close down a MPs’ parliamentary and financial affairs was longer than the time covered.

The ruling said: “Former MPs will continue to have access to their normal budgets (pro-rated) for that four-month period, and they will continue to employ staff as needed to assist them in winding up their affairs.”

MPs who have served more than two years are also eligible for loss-of-office payments with longer-serving MPs receiving larger amounts.

The payments, similar to redundancy packages, will be available to all eligible MPs who leave Parliament at the next election.

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Fi yn unig
Fi yn unig
10 months ago

When I’ve been made redundant in the past, I never had an offer of continuing to be paid for four months. Upon being elected, EVERY MP should be planning to be dumped next time around and should be ready for it. From the date the election is called, there starts their 5 week redundancy notice period and if they do find they are out of their job, get the van and the boxes in, clear your desk and clear off. You’ve been told by your bosses – US!

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