Life Peerages Act 1958
The Life Peerages Act sanctions the regular granting of life peerages, but the power to appoint Lords of Appeal in Ordinary under the Appellate Jurisdiction Act was not derogated. No limits were placed on the number of peerages that the Sovereign may award, as was done by the Appellate Jurisdiction Act. A peer created under the Life Peerages Act has the right to sit in the House of Lords, provided he or she is 21 years of age, is not suffering punishment upon conviction for treason and is a citizen of the United Kingdom, or the Republic of Ireland or of a member of the Commonwealth of Nations, and is resident in the UK for tax purposes.
Life baronies under the Life Peerages Act are created by the Sovereign but, in practice, none are granted except upon the proposition of the Prime Minister.
Life peers created under the Life Peerages Act do not, unless they also hold ministerial positions, receive salaries. They are, however, entitled to daily allowances for travel and accommodation on signing in each day, though there is no requirement to take part in the business of the House.
Life peerages may be awarded through a number of different routes.
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