Transport for LondonRemuneration of Board Members
The remuneration of TfL's Board members is as outlined in the Annual Report.
Take a look at the latest Annual Report.
With effect from 1 August 2004, the basic fee is £18,000 per annum. Members who act as Chair, or as a member of a Committee or Panel, receive additional fees of £4,000 per annum (as a Chair) and £2,000 per annum (as a Member) for each appointment.
The maximum payment in aggregate is £24,000 per annum, except for the position of Deputy Chairman.
The amount paid to the Deputy Chairman was increased in April 2011 from £60,000 to £115,000 per annum reflecting an increase in his workload from two days to four days a week.
No allowances are paid to Members, although expenses can be claimed.
