Currently, New Zealand’s Prime Minister receives a salary of $471,049 a year and perks, while the Deputy PM gets $334,734.
At the end of the Parliamentary term, the Prime Minister would be on $520,500 and the deputy would be on $369,800.
Meanwhile, Cabinet Ministers and the Leader of the Opposition get $296,007. This would increase to $327,100 over the term, while the Leader of the Opposition will increase to $309,000.
Ministers outside Cabinet currently get $249,839, this will rise to $276,000.
MPs without leadership positions within their party or on select committees – aka ‘backbenchers’ – get $163,961 a year. This would rise to $181,200 over the three years.
While MPs who chair or deputy chair select committees earn $179,713 and $163,961, respectively. Their salaries would rise to $198,600 and $186,700.
The Speaker of the House is paid $296,007 and the Deputy Speaker earns $209,471. This would rise to $327,100 and $231,400, respectively.
These current salaries are out of line with similar roles in comparable countries (Ireland, Australia, Canada and the UK). For example, the report found the salary of an MP in the Republic of Ireland is over 30 percent more than in New Zealand.