Handsome pay and perks for Big Phil Hogan

When he was in cabinet Phil Hogan, along with his Labour colleague Brendan Howlin, put Waterford and Carlow institutes of technology under strong pressure to agree to merge and come up with a viable joint TU plan.
When he was in cabinet Phil Hogan, along with his Labour colleague Brendan Howlin, put Waterford and Carlow institutes of technology under strong pressure to agree to merge and come up with a viable joint TU plan.
The Atomium in Brussels

Phil Hogan will have little to complain about as he receives his pay packet over the coming five years.

The salary of €250,000 per year is subject to the more gentle EU civil servants' rates of tax. That salary is topped up by a 15pc "residence allowance" worth €37,500 per year. There is a "representational allowance" worth €7,300 per year. Neither payment is taxed.

EU taxes go from 8pc to 45pc and there is also a 7pc recession or "solidarity levy". The Commissioner's tax bill will be about €100,000 per year. But that is mitigated by €45,000 in those tax-free payments.

So, keep it simple and think €200,000 per year take-home pay, or - give or take - about €4,000 per week.

For moving to Brussels, there is also a once-off "installation allowance" equivalent to two month's salary, again tax free. That is almost €42,000. Travel and house-moving costs are also reimbursed on arriving and leaving the EU capital.

Into the future, there is the prospect of a gilded pension scheme and step-down payments. But he has waived Dail and ministerial pensions worth a gross €61,000 per year for the duration of the new job, which runs for five years.

Get the latest news from the Farming Independent team 3 times a week.

Irish Independent


For Stories Like This and More
Download the Free Farming Independent App