Job offer
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Job offer
Hi
I have to ask the opinion of guys flying for a private owner.
Got recently in touch with a private owner of a citation xls+. I was a job being offered. The salary was between 7000-8000 eur but i needed to pay for my own type and probably my yearly lpc. Rotation 3 weeks on, 3 off.
And you work as a independent, meaning sending my bills afterwards for the work done.
I work now for a company with a fixed contract, salary is much much lower.
I have no idea if this new job offer is a good deal or a crappy one. And working as an independent is also new to me.
Anyone can tell if i should accept or refuse? Maybe some pitfalls i have to be aware off?
Advice plz! Tx.
I have to ask the opinion of guys flying for a private owner.
Got recently in touch with a private owner of a citation xls+. I was a job being offered. The salary was between 7000-8000 eur but i needed to pay for my own type and probably my yearly lpc. Rotation 3 weeks on, 3 off.
And you work as a independent, meaning sending my bills afterwards for the work done.
I work now for a company with a fixed contract, salary is much much lower.
I have no idea if this new job offer is a good deal or a crappy one. And working as an independent is also new to me.
Anyone can tell if i should accept or refuse? Maybe some pitfalls i have to be aware off?
Advice plz! Tx.
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What a tight git making you pay for a rating, and even worse paying for your recurrent. Personally I would avoid an owner like this, there's better employers out there.
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The type/lpc might be paid by owner but then receiving a lower salary.
For me this seems some kind of freelance work.
For me this seems some kind of freelance work.
Last edited by dboy; 28th Feb 2015 at 08:35.
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You just need to do the math yourself and work out the numbers and see if you are happy with the outcome.
What however is very different, is that, depending on your country of residence, the services of a tax consultant may be extremely recommendable - you do not want to make yourself guilty of tax evasion and worst case pay hefty fines for small mistakes. You may be able to lower your income, tax wise, because you need to have your type rating in order to even work at all. All benefits like medical aid, pension-, unemployment funds and social taxes that your employer now deducts automatically will have to be paid by yourself. Legal jobsecurity may also be pretty much gone. You may even be forced to charge your client VAT - if he does not want to pay this, you might have to deduct it from your salary. As you quoted €uro, I take it you are in Europe...
I was actually forced into self-employment recently to avoid joblessness, atm I am not happy with it as I do not even know, what will remain in my own pocket at the end of the year However at least my next recurrent will now be paid for as per contractual agreement. I am still exploring to find the benefits of self employment myself - if there are any at all, (still need to consult with my new private accountant, just been away from home so much, that there was just not time - which is also an issue when spending time in a foreign country AND doing your own book-keeping.)
What however is very different, is that, depending on your country of residence, the services of a tax consultant may be extremely recommendable - you do not want to make yourself guilty of tax evasion and worst case pay hefty fines for small mistakes. You may be able to lower your income, tax wise, because you need to have your type rating in order to even work at all. All benefits like medical aid, pension-, unemployment funds and social taxes that your employer now deducts automatically will have to be paid by yourself. Legal jobsecurity may also be pretty much gone. You may even be forced to charge your client VAT - if he does not want to pay this, you might have to deduct it from your salary. As you quoted €uro, I take it you are in Europe...
I was actually forced into self-employment recently to avoid joblessness, atm I am not happy with it as I do not even know, what will remain in my own pocket at the end of the year However at least my next recurrent will now be paid for as per contractual agreement. I am still exploring to find the benefits of self employment myself - if there are any at all, (still need to consult with my new private accountant, just been away from home so much, that there was just not time - which is also an issue when spending time in a foreign country AND doing your own book-keeping.)
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@proppilot
Correct! What you have been mentioning was also giving me a headache. Things like bookkeeping, the loss of social benefits. And also, what will happen if the aircraft is AOG? No work for me so i guess no money either. I was always very reluctant in being selfemployed but then again, i never had experience with it.
Tx for your input.
Correct! What you have been mentioning was also giving me a headache. Things like bookkeeping, the loss of social benefits. And also, what will happen if the aircraft is AOG? No work for me so i guess no money either. I was always very reluctant in being selfemployed but then again, i never had experience with it.
Tx for your input.
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Hi Dboy,
I wouldn't take the contract as it is, but try to make a revised contract.
The first question is do you want to pay the typerating yourself or not.
If not, the question is fairly simple, ask for the same contract an have them pay for the rating.
If this is not an option than ask for a bonding contract for 2 years where they withdraw a fixed amount for the typerating a month. if you get a typerating at aprox 18000 for the XLS and they withdraw 750 euro month for the typerating. So now you get 7250 gross a month.
Ask for fixed pay per month based on an average of 15 days a month.
Ask for a 2-3 months notice and stating in the contract that if they break the contract the typerating cost will be on them as they terminate the contract.
As for the legal implications of tax, the best is to start a small LTD. this has some nice tax benefits.
I live in a relative expencive country and even here I get a accountant company to do my taxes (pay salary to myself with taxdeduction, anuall tax review, help with deductable etc) for about 1000 Eur a year, and remember these cost are deductable as well so you probally only pay about 600-700 EUR a year. if you have a LTD you can also deduct your home Internet, home phone, mobile phone, medical, travel insurance etc, so the 600-700 Eur will most probally disapear agains these cost.
I know that getting a fixed job that pays well with a boss that pays all the cost is the preffered way to go (there is even a posting about this on the forum right now called "dreamjob") but sometimes we have to take the jobs we can get.
Good luck and PM me if you have some more personal questions,
SOAB
I wouldn't take the contract as it is, but try to make a revised contract.
The first question is do you want to pay the typerating yourself or not.
If not, the question is fairly simple, ask for the same contract an have them pay for the rating.
If this is not an option than ask for a bonding contract for 2 years where they withdraw a fixed amount for the typerating a month. if you get a typerating at aprox 18000 for the XLS and they withdraw 750 euro month for the typerating. So now you get 7250 gross a month.
Ask for fixed pay per month based on an average of 15 days a month.
Ask for a 2-3 months notice and stating in the contract that if they break the contract the typerating cost will be on them as they terminate the contract.
As for the legal implications of tax, the best is to start a small LTD. this has some nice tax benefits.
I live in a relative expencive country and even here I get a accountant company to do my taxes (pay salary to myself with taxdeduction, anuall tax review, help with deductable etc) for about 1000 Eur a year, and remember these cost are deductable as well so you probally only pay about 600-700 EUR a year. if you have a LTD you can also deduct your home Internet, home phone, mobile phone, medical, travel insurance etc, so the 600-700 Eur will most probally disapear agains these cost.
I know that getting a fixed job that pays well with a boss that pays all the cost is the preffered way to go (there is even a posting about this on the forum right now called "dreamjob") but sometimes we have to take the jobs we can get.
Good luck and PM me if you have some more personal questions,
SOAB
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Hi all
For those who have experience to fly for a private ower:
Are you secured if you loose your job? I can imagine if you lose your job from 1 day to the other and having no other job outlook, it is nice to have some unemployment fee.
Or do you have a special insurance for that?
Tx
For those who have experience to fly for a private ower:
Are you secured if you loose your job? I can imagine if you lose your job from 1 day to the other and having no other job outlook, it is nice to have some unemployment fee.
Or do you have a special insurance for that?
Tx
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Hi Dboy,
I fly for a private owner or i should say he hires my LTD for "pilot services"
My LTD it paying me as a pilot a monthly salary with all state taxes, including what they call here "employers tax". Employers tax is about 12% tax on top of my income tax. so i end i pay allmost 50% of my brut salary in taxes but if i get sick i the state pays me sickpay and if my LTD looses the contract with the private boss, My LTD fires me and I get unemployment bennefits.
The difference in my country ie that if i work freelance under a "one man company" i dont have to pay the 12% employers tax but im also not entiteled to sick pay and unemployment benefits. Basic state pension and basic medical insurance (doctor/hospiltal, not sick pay) however is payed from the income tax and is also available for freelance work.
But this will vary from country to country, so it all depends on the local law.
Which country do you live in? PM me if you don't want to publicize it.
SOAB
I fly for a private owner or i should say he hires my LTD for "pilot services"
My LTD it paying me as a pilot a monthly salary with all state taxes, including what they call here "employers tax". Employers tax is about 12% tax on top of my income tax. so i end i pay allmost 50% of my brut salary in taxes but if i get sick i the state pays me sickpay and if my LTD looses the contract with the private boss, My LTD fires me and I get unemployment bennefits.
The difference in my country ie that if i work freelance under a "one man company" i dont have to pay the 12% employers tax but im also not entiteled to sick pay and unemployment benefits. Basic state pension and basic medical insurance (doctor/hospiltal, not sick pay) however is payed from the income tax and is also available for freelance work.
But this will vary from country to country, so it all depends on the local law.
Which country do you live in? PM me if you don't want to publicize it.
SOAB
