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IPSA Resettlement Payment Policy

MPs who lose their seats at the next general election will be eligible to receive a resettlement payment.

To qualify for a resettlement payment, an individual must have been an MP on the day before the dissolution of Parliament and a candidate for re-election for the same seat, but not have been re-elected.

The amount of the resettlement payment payable is one calendar month’s salary (at the rate payable to MPs immediately before the dissolution) for each completed year of service subject to a maximum payment equal to six months’ salary.