# Bank of England Act 1998, Paragraph 14

Extent: E+W+S+N.I.

(A1) The remuneration of the Governor and Deputy Governors of the Bank is to be determined by a sub-committee of the court of directors consisting of 3 or more non-executive directors of the Bank.
(1) A person appointed as Governor or Deputy Governor of the Bank shall be entitled to be paid by the Bank such remuneration as that sub-committee may determine.
(2) The Bank may pay, or create and maintain a fund for the payment of, pensions or capital grants to members, or former members, of the court who have rendered exclusive services to the Bank.

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Source: https://www.legislation.gov.uk/ukpga/1998/11/schedule/1/paragraph/14 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1998/schedule-1/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.