Pensions

BBC spends £8 a year from every TV licence fee on pensions

  • The BBC is facing a shortfall of £1.8billion to pay its pensions to long-term staff
  • The money to pay out the final salary schemes, worth £2million to some, is coming from the £147 licence fee until 2028
  • It comes after the corporation battled scandal this week when top salaries were confirmed for those earning more than £150,000 

Rebecca Taylor For Mailonline

More than £8 a year from every TV licence is being spent on final salary pension schemes for some of the BBC’s top level staff.

Senior presenters and executives are reported to have pensions worth more than £2million and as the corporation faces a £1.8billion shortfall for funding, the money is coming from the licence fee.

According to The Times, the final salary schemes were closed to new staff members after 2012, and will be funded from the £147 fee until 2028.

BBC Broadcasting House. The corporation is using £8 per licence fee per year on gold-plated pensions

BBC Broadcasting House. The corporation is using £8 per licence fee per year on gold-plated pensions

The corporation told the paper most ‘talent’ are not BBC staff, so are not entitled to a BBC pension.

The pensions reveal comes after the corporation had to publish salaries of top staff on £150,000 plus a year

The pensions reveal comes after the corporation had to publish salaries of top staff on £150,000 plus a year

The pensions reveal comes after the corporation had to publish salaries of top staff on £150,000 plus a year

A spokesman said: ‘Our final salary pension arrangements closed more than a decade ago and even those who are staff may have decided not to pay into a pension.’

It comes after the BBC was embroiled in scandal this week after the salaries of all those earning more than £150,000 wee published.

While several of the top names were men who front some of the broadcaster’s biggest shows on TV and radio, several female presenters were furious to find they were not on the list.

It even led Radio 4’s Women’s Hour host Jane Garvey to challenge one male presenter to take a pay cut.

And Kirsty Wark blasted the BBC over the gender pay gap. 

The corporation revealed the salaries of its highest-paid presenters, with the top seven earners all men, along with 62 of the 96 on the list.

No woman earned more than £500,000 and half of the females on the list were in the lowest salary category. 

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