The Taxpayers’ Alliance have revealed that in 2022-23, twenty leading civil servants had an average pension pot of £1.1 million, a combined amount worth £21 million. Currently, the lifetime pension pot allowance is set at £1,073,100…
Matthew Rycroft, permanent secretary at the Home Office had the largest accrued pension of £102,500, despite the fact he’s been the one to oversee the surge in illegal channel crossings. Sir Philip Barton, permanent under-secretary at the Foreign Office, had a pension pot worth over £2,016,000. The retirement pension for these 20 civil servants is expected to average £65,921, double the amount the average gross UK private sector salary in 2023. Nice work if you can get it…
Given Labour now claims they are the party of “sound money“, you’d at least hope their frontbenchers understand how a pension works. It turns out that’s too much to expect for the Shadow Minister for the “Future of Work”. Here’s Justin Madders asking the government how many primary school children receive Pension Credit…
Maybe Madders has some radical ideas for the “future of work“. A reminder: each Written Parliamentary Question costs the taxpayer £140…