Get a raise! Academy’s head of schools now earns Â£ 425,000 a year – three times the Prime Minister’s salary
Britain’s highest-paid academy boss now earns three times the Prime Minister’s salary after an exceptional annual salary increase of around Â£ 20,000.
Harris Federation chief executive Sir Daniel Moynihan has seen his salary increase by at least 5% to around Â£ 425,000, according to the latest accounts.
The Head of Schools, whose chain of schools is based in Croydon, south London, received between Â£ 420,000 and Â£ 425,000 in 2015-16, an increase of Â£ 20,000 to 30,000 from 2014-15 . On top of that, he received employer pension contributions of Â£ 50-55,000.
Sir Daniel, who was knighted for service to education in 2012, is one of the highest paid heads of state in the world STOCK PHOTO
These figures should make Sir Daniel, knighted for service to education in 2012, one of the highest paid heads of state in the world.
Teachers had to settle for a 1% salary increase in 2015-2016. This means Sir Daniel’s salary has almost doubled since 2009, according to an analysis in the Times Educational Supplement.
Sir Daniel is paid three times as much as Prime Minister Theresa May (pictured)
Theresa May receives Â£ 150,402, while David Cameron’s package for 2015-16 was Â£ 149,440.
Sir Daniel’s package also eclipses that won by Eton College principal Simon Henderson, who receives around Â£ 240,000.
This comes amid growing questions about the use of taxpayer money in academies, which are independent of the board’s control and are free to set the remuneration of their staff. Most of the Harris Federation’s funding comes from government grants.
It manages 41 schools, most of which have been classified as exceptional by Ofsted inspectors. A spokesperson for Trust said: “Our board recognizes that leadership is one of the main drivers of our success, so the leaders of our federation are rewarded for their contribution.”