MEP Pay and Expenses

The standard monthly payment for all MEPs is 7,957 euros (£6,537). It is roughly on a par with a British MP's salary, but when the pound is weak, MEPs earn more than MPs.

MEPs also get a flat-rate monthly allowance of 4,299 euros to cover office expenses, such as office rent, phone bills and computer equipment. 

In addition, MEPs can claim for travel related to their official duties in Brussels and Strasbourg. In the past they could claim for an expensive flexible economy class flight even if they flew low-fare. But under the new rules they have to submit their ticket (which can be business class on air, or first class on rail) and will be reimbursed for what they paid.

Source: BBC website