Outgoing Minister for Finance stands to earn package of more than €440,000 a year on taking up role later this year
has said money is not a factor in his decision to leave his role as Minister for Finance to become Ireland’s next European Commissioner., will receive annual remuneration of up to €443,000 when he moves to Brussels, double his pay as a Minister, as he stands to benefit from large tax-free family allowances for his seven children.
Mr McGrath could stand to earn up to €488,000 if he is appointed to one of seven commission vice-presidencies. Commentators suspect a minister from a brief as senior as Mr McGrath’s was nominated with a view to securing one of the major economic briefs for Ireland. Mr McGrath said Ms von der Leyen would face a democratic test in the European Parliament and noted that MEPs had approved her last time around by a “very tight” margin.
“We will continue to engage with them, but we respect their mandates. They have been elected by the people in the last few weeks. And I think that has to be acknowledged and recognised and respected. And it will be, but we will have respectful discussions over the days ahead about what is in Ireland’s national interest.
European-Commission Ursula-Von-Der-Leyen Fianna-Fail Jack-Chambers
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