MPs have been given a pay rise of $7000 each – plus extra allowances and a one-off payment of $5000 to compensate for the axed international travel subsidy, all backdated to July 1.
John Key gets the biggest boost though. If he's still the Prime Minister next year he'll be on $411,510 – an increase of $11,010, or 847 hours of work on the minimum wage, before tax (or 1059 hours if you're on the new entrants wage).
Backbenchers' pay rises from $134,800 to $141,800. Phil Goff – leader of the Opposition – and Cabinet ministers' pay rises from $249,000 to $257,800.
Tax-free allowances rise from $15,300 to $16,100.
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