Financial loss allowance (only payable to Co-Opted Members)
13.1 Co-opted members who are not Councillors (ie Co-opted or “added” members) may claim financial loss allowance for performance of approved duties.
Rates of Financial Loss Allowance
13.2 The actual loss suffered or expense incurred may be claimed, subject to the following maximum for the performance of an approved duty:
| Not exceeding 4 hours | £27.65 |
| More than 4 hours but less than 24 hours | £52.49 |
| For periods over 24 hours, for each complete 24 hours | £52.49 |
(plus the appropriate rate for the remainder of the period)
Payment of Financial Loss Allowances
13.3 This will be made in arrears and claims should be made on a regular basis, within 14 days of the event and at the latest within two weeks of every month end. Evidence to substantiate the claim will be required.
Tax and National Insurance
13.4 This is subject to both tax and National Insurance deductions.