SUCU believes we have found out why the VC is having the employers pension contribution of £34,000 paid to him instead as salary. It seems to be a tax avoidance scam which many highly paid people are doing, as excessive pension amounts are now more heavily taxed. So as well as getting an outrageous pay rise, to £374,000, it appears he may also be avoiding paying his full taxes for the health, education and other services which make for a decent society. The scam is legal of course – look who writes the laws – but is it moral, particularly for someone leading a University?
See also article in Sheffield Telegraph – a letter from an alumni donor about the VC’s pay rise.