Members of Parliament are set to receive a nearly £5,000 increase in their annual pay, bringing their salaries close to £100,000. The adjustment will see MPs’ salaries rise to £98,599 for the fiscal year 2026-27, up from the current £93,904 level, with the raise becoming effective on April 1.
The Independent Parliamentary Standards Authority (IPSA), responsible for determining MPs’ pay, announced the salary update on Monday. It is projected that MPs should be earning around £110,000 by the end of the current parliamentary term in 2029, with IPSA planning to gradually increase salaries over the next three years.
In 2025, IPSA implemented a temporary raise and conducted extensive consultations with the public in the past year to inform decisions on MPs’ pay over an extended period. Furthermore, IPSA compared MPs’ pay to analogous roles in the broader public sector and legislators in other democratic nations worldwide.
To move closer to the £110,000 target, IPSA’s decision for 2026-27 incorporates a 1.5% benchmark adjustment along with a 3.5% cost-of-living increment. MPs undertaking additional responsibilities, such as government ministers or the Speaker of the House of Commons, may receive supplemental entitlements specific to those roles managed by entities other than IPSA.
In 2024, it was disclosed that Keir Starmer’s annual income exceeded £75,000 on top of his regular MP salary. Richard Lloyd, Chair of IPSA, emphasized the evolving role of MPs, noting increased casework complexity and rising abuse and intimidation towards MPs and their staff.
Lloyd stated, “Our decision for 2026-27 was informed by benchmarking MPs’ pay against senior roles in civic society and similar democracies globally, in addition to our core principles and economic factors. In the future, we will consider economic conditions when determining annual pay, incorporating feedback from individuals outside parliament.”
