Costing salaries and
stipends
We have a strict accounting system to
control approved projects.
The following notes are to assist Finance Officers and
applicants prior to submitting grant applications and should be
read in conjunction with our Standard Conditions of Grant.
It is extremely unlikely that any
supplements can be given over the original grant allocation.
If a supplement is required for any reason, then written
application must be made to us in advance. The following
should be complied with when costing grant applications:
- Salaries should be calculated from the start date of the
project based on national payscales or recognised local pay
models.
- Salaries applied for should show basic rate (with grade and
scale point), employer’s National Insurance, superannuation and
London Allowance (if applicable).
- Salaries for named individuals must state their current basic
salary, source of funding and contract end date.
- Salaries should allow for normal increments during the term of
the grant. The increment date should be given.
- We will honour nationally or locally agreed cost of living
increases only on approved salaries. A provision for this should
not be included in the costs.
- As a consequence of the revised National Payscales and
Universities operating local pay models, we have withdrawn our
Salary Enhancement Scheme with effect from 1 October 2005.
PhD studentships - stipend rates
We set our own rates for PhD
Studentships. The rates with effect from 1 October 2011 until
further notice are as follows:
Year 1
- Within London £21,629
- Outside London £19,339
Year 2
- Within London £22,710
- Outside London £20,306
Year 3
- Within London £23,846
- Outside London £21,321
We will cover the cost of University fees providing these
are applied for at the time of application.
