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Ministers: Pensions

Asked by Blake StephensonConservativeCabinet OfficeTabled Answered 14 July 2025UIN 65095

The question

To ask the Minister for the Cabinet Office, if he will make an estimate of the cost to the public purse of Ministerial pensions in the (a) 2023-24 and (b) 2024-25 financial year.

Answered by Georgia Gould

MPs and Ministers have membership to the Parliamentary Contributions Pension Fund (PCPF) of which the ministerial share is typically around 8% of the total exchequer contribution.

In 2023/24, the Exchequer paid contributions totalling £7,693,885 into the fund and the Ministerial share was £643,123.98.

The total contribution information is available in the PCPF 2023-24 accounts (p45) using the link below:

https://mypcpfpension.co.uk/wp-content/uploads/2025/01/PCPF-Accounts-2023-24-Final-SIGNED-amended-and-certified-no-signature-10-December-24-002.pdf

The 2024-25 figures will be published by the PCPF Trustees in October 2025.

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