NICOLA Sturgeon will get a golden goodbye of around £75,000 after stepping down as an MSP, it emerged today.
The former First Minister can then expect a £62,000 a year pension when she hits retirement age.
Nicola Sturgeon is set to get a golden goodbye of around £75,000[/caption]
The ex-SNP leader announced she is set to quit as an MSP and will not to seek re-election to Holyrood next year[/caption]
It comes after the ex-SNP leader announced she is set to quit as an MSP and will not to seek re-election to Holyrood next year.
Sturgeon – who represents the Glasgow Southside constituency – made the announcement on Instagram this morning.
She admitted that reaching the decision was “far from easy”.
But said it was the right time to “embrace different opportunities”.
It has emerged today that Sturgeon is set to be paid a £74,506 resettlement grant for serving more than 12 years as an MSP – which is 12 months of annual salary.
She will also receive £19,600 per year from the age of 65 as a pension for her time as First Minister.
Sturgeon will also pocket an extra £42,000 per year from 65 as part of her MSP pension.
That’s a total annual pension of £61,600 from the day she turns 65.
In a letter to local SNP members, Sturgeon said: “I am writing to let you know that I have decided not to seek re-election to the Scottish Parliament next year.
“Reaching this decision has been far from easy, however, I have known in my heart for a while that the time is right for me to embrace different opportunities in a new chapter of my life, and to allow you to select a new standard bearer.
“Whoever you choose will have my full support and I look forward to campaigning alongside you to ensure that Glasgow Southside remains an SNP-held constituency.”
Ms Sturgeon previously resigned as First Minister in February 2023 after eight years in the top job.
The ex-SNP leader came to power in 2014 after the resignation of Alex Salmond.
And the MSP is the longest-serving and first female First Minister since the creation of the Scottish Parliament in 1999.
She admitted that reaching the decision was “far from easy”[/caption]
Sturgeon has been an MSP since the creation of the Scottish Parliament in 1999[/caption]
