Prime ministers are regularly considered to be among the most important positions in the world. They are responsible for running entire nations, with their countries’ leaders relying entirely on them for decisions to be made. Prime ministers are also often considered to be synonymous with their countries’ elected head of government.
A prime minister is the most senior politician of a country, while they are still technically the head of government. The prime minister is typically the leader of the party or parties holding the most seats in parliament, or a coalition that controls parliament.
Prime Minister is a political officeholder who serves as the head of government of a country. The prime minister may also hold other cabinet positions, such as those of Minister for Foreign Affairs and Commonwealth Minister or be the leader of a major political party in parliament.
In the United Kingdom, the Prime Minister earns £152,400 in gross annual salary.
Salary For Prime Minister Overview
The Prime Minister of India is the head of government and chairperson of the Council of Ministers, as per Article 75 (3) of the Constitution. As a result, he or she also presides over the Union Cabinet. The prime minister is considered to be one of the most important positions in a parliamentary system.
The salary of a prime minister is determined by the Parliament based on recommendations from a committee headed by the Speaker of Lok Sabha. In 2019, he will receive a monthly salary of Rs 1.25 lakh, along with other allowances and perks.
However, there are some exceptions to this rule. For instance, if an individual holds two or more posts simultaneously (such as being an MP), they can receive an additional allowance up to 10% of their basic salary as per an ordinance passed by Parliament in 2014.
Similarly, if they hold any post that was held by former President Dr APJ Abdul Kalam (like being part of multiple committees), they are eligible for additional perks like free accommodation or medical facilities at any governme
What is the average salary of a prime minister?
The salary of all members of parliament and parliamentary office holders are determined by the Remuneration Tribunal. The Remuneration Tribunal is an independent committee charged by the Australian Parliament to investigate and make recommendations on parliamentary salaries.
The Department of Finance has information about the salary of members of parliament and parliamentary office holders, including the Prime Minister.
nt hospital across India. This can go up until Rs 50 lakh per annum if held for 20 years or longer!
The Prime Minister earns two salaries – one for being an MP and an additional one known as the ‘ministerial entitlement’ for being the Prime Minister.
In the 2020-21 financial year, the Prime Minister will receive £81,932 for being an MP and is entitled to an additional £79,469 for his role as PM.
On top of this total of £161,401, the Prime Minister has the use of 10 Downing Street and country estate Chequers while in post.
This means the Prime Minister can earn, by rent, on any personal property not needed while they use these official residences.
The Prime Minister can avoid the costs of running a vehicle too, because like all ministers, they have the use of an official car.
As well as the salary and annual top up, Prime Ministers, like all members of parliament, can claim expenses for costs such as running an office, employing staff, and travelling.
Since 2011 the pay and expenses for MPs has been set by the Independent Parliamentary Standards Authority (IPSA).
How does the Prime Minister’s salary compare to other jobs?
The Prime Minister’s income is more than five times annual income for the UK in 2020.
However, prime ministerial income compares favourably to high-end jobs using Office for National Statistics (ONS) data.
The £161,000 entitlement is just higher than the average Chief Executive’s annual income of £156,209, and much higher than:
- Air traffic controllers £93,955,
- Marketing and sales directors £93,372,
- Legal professionals £90,791,
- Financial planners and directors £87,855, and,
- Aircraft pilots and flight engineers £86,204.
- Dentists £82,839
- Doctors £79,769
- IT directors £79,260
- Advertising and PR directors £79,260
Who pays for security once a Prime Minister stands down?
Prime Ministers and former Prime Ministers are all kept safe using public funds.
Since 1991 ex-Prime Ministers can claim up to £115,000-a-year in Public Duty Costs Allowance for expenses generated by their special position in public life.
On top this, they continue to have use of a chauffeur-driven car.
The security is provided by Protection Command, part of Metropolitan Police Special Operations, which is responsible for special protection duties.
This protection does have its downsides, such as limited time alone and always having to check-in with the team to inform them of your plans.
