Prime Minister of the United Kingdom retirement from the Commons, which elevates the individual to the House of Lords. Formerly, the peerage bestowed was usually an earldom, with Churchill offered a dukedom. From the 1960s onward, life peerages were preferred, although in 1984 Harold Macmillan was created Earl of Stockton. Sir Alec Douglas-Home, Harold Wilson, James Callaghan and Margaret Thatcher accepted life peerages, although Douglas-Home had previously disclaimed his hereditary title as Earl of Home. Edward Heath did not accept a peerage of any kind and nor have any of the Prime Ministers to retire since 1990; although Heath and Major were later appointed as Knights
Prime Minister of Australia becomes acting Prime Minister in those circumstances. Three Prime Ministers have died in office – Joseph Lyons (1939), John Curtin (1945) and Harold Holt (1967). In each of these cases, the Deputy Prime Minister (an unofficial office at the time) became an interim Prime Minister, pending an election of a new leader of the government party. In none of these cases was the interim Prime Minister successful at the subsequent election. As of , there are seven living former Australian Prime Ministers. The greatest number of living former Prime Ministers at any one time was eight. This has occurred twice: