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Financial Services

Deloitte partners to receive over £1mln for second year in a row

In its results, the audit and the consulting firm reported a revenue increase of 10% to £4.9bn

Deloitte partners in the UK and Switzerland will receive an average income of more than £1mln for the second year in a row after another successful 12 months.

According to the Guardian, each partner will receive an average distributable profit of £1.058mln in the year to end-May, 33 times higher than the UK’s average annual pay.

Equity partners do not receive a salary but a share of the profits, with 672 of them sharing the distributable operating profit, which was up 21% to £711mln.

In its results, the audit and the consulting firm reported a revenue increase of 10% to £4.9bn.

“Our results have enabled us to make record investments - the highest in over a decade - in reward, promotions and skills. We enter the new financial year with momentum and are well placed to navigate the current economic headwinds,” said chief executive and senior partner Richard Houston.