Average Settlement Clerk Salary

The average Settlement Clerk salary in UK is £24,890.08
The hourly average pay for a Settlement Clerk salary in UK is £11.97
The starting salary for a junior Settlement Clerk in UK is £19,885.00 per year or £9.56 per hour

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What does a Settlement Clerk earn?

Settlement Clerks generally earn around £24,900 per year in the UK. They are responsible for verifying and recording the details of financial transactions, such as stock trades and currency trades. They also investigate any irregularities they come across in the process. In addition, they are responsible for the accuracy of trade settlements, processing payments or transfers, and providing customer service to parties involved in a financial transaction.

How to earn more as a Settlement Clerk

"To become a settlement clerk, you will need a degree or a qualification in financial services. To progress in this field, you can go on to take a professional qualification such as the Investment Operations Certificate. Alternatively, you might want to move into more specialised roles such as compliance or pension fund administration. To reach the highest level of pay, you could become self-employed or set up your own firm. The highest paid settlement clerks can earn over £37,000 a year."

Average Salary: £24,890.08

Min: £19,885.00 Max: £37,000.00

Average Settlement Clerk Salary in UK : £24,890.08


Read about Settlement Clerk salaries, related jobs and salary information across the UK

Settlement Clerk Salary data from the ONS

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Salary by Region

Compare Settlement Clerk salaries across different regions

Region Salary
London £46,954.55

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Understanding the Average Settlement Clerk Salary in the UK

As a Settlement Clerk in the UK, it is important to have a clear understanding of the average salary in the industry. According to average Banking and Insurance salaries, the average salary for a Settlement Clerk in the UK is £24,900 per year. This figure can vary depending on factors such as experience, qualifications, and location.

Salary Expectations for Newly Qualified Settlement Clerk

If you are a newly qualified Settlement Clerk, it is essential to have realistic salary expectations. Entry-level positions may offer a starting salary of around £19,900 to £37,000 per year. However, as you gain experience and develop your skills, there is potential for significant salary growth.

To explore job opportunities and find positions suitable for newly qualified Settlement Clerks, you can refer to the job search section.

Salaries for Experienced Settlement Clerk

Experienced Settlement Clerks in the UK can expect higher salaries compared to their entry-level counterparts. With a few years of experience under your belt, you can potentially earn between £19,900 and £37,000 per year. The exact salary will depend on factors such as your expertise, industry knowledge, and the size of the organization you work for.

Creating a Settlement Clerk CV

When applying for Settlement Clerk positions, having a well-crafted CV is crucial. It is important to highlight your relevant skills, experience, and qualifications. To assist you in creating an effective CV, you can utilize the CV template specifically designed for Settlement Clerks.

Career Development Opportunities for Settlement Clerk

As a Settlement Clerk, there are various career development opportunities available to you. By continuously improving your skills and knowledge, you can progress to more senior roles within the industry. To explore different career paths and gain valuable insights, you can refer to the career advice section.

Comprehensive Compensation for Settlement Clerk

Aside from the base salary, Settlement Clerks may also receive additional compensation in the form of bonuses, commissions, or benefits. These additional perks can significantly enhance your overall earnings and provide a comprehensive compensation package.

Strategies for Increasing Your Salary as a Settlement Clerk

If you are looking to increase your salary as a Settlement Clerk, there are several strategies you can employ. These include acquiring additional qualifications, gaining specialized knowledge, and taking on additional responsibilities within your role. By demonstrating your value to the organization, you can negotiate for higher remuneration.

Professional Development and Earnings

Continuing professional development is essential for Settlement Clerks who wish to enhance their earnings. By staying up-to-date with industry trends, attending relevant training programs, and obtaining certifications, you can position yourself for higher-paying opportunities and promotions.

Capitalizing on Extra Hours and Duties

Settlement Clerks may have the opportunity to earn additional income by taking on extra hours or duties. This can include working overtime, handling complex transactions, or assisting with special projects. By demonstrating your willingness to go above and beyond, you can increase your earning potential as a Settlement Clerk.

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