Hypocrite taking pence before he accepts a pay increase (8)
I believe the answer is:
pharisee
'hypocrite' is the definition.
(I've seen this in another clue)
'pence before he accepts a pay increase' is the wordplay.
'pence' becomes 'p'.
'before' means one lot of letters go next to another.
'accepts' is an insertion indicator.
'pay increase' becomes 'rise' (I've seen this in other clues).
'a'+'rise'='arise'
'he' going around 'arise' is 'harisee'.
'p'+'harisee'='PHARISEE'
'taking' acts as a link.
(Other definitions for pharisee that I've seen before include "(Gospel) hypocrite" , "Air sheep (anag.)" , "Self-righteous person - one of an ancient Jewish sect" , "Strict follower of Jewish law" , "Member of ancient Jewish sect; Heap, sire (anag.)" .)