I also agree. However, I think you should not be considered as an MP until you are at least 50 and have completed something of note in either the Private or Public Sectore. You can serve for a maximum of 10 years and you must have lived and worked in your constituency for at least 20 years.
Then, and only then, would I accept them getting a pay rise of at least double what they are on now.
Whilst they still parachute in idiots and air heads under the age of 30 who do not know their arses from their elbows then what they have now is plenty.