Ryanair's Pilot salary
Join Date: Jan 2006
Location: Between a rock and a hard place
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A difficult question to answer, not knowing what you mean with 'starting his (or her) career', you may see answers such as; nothing, €35 per block hour, €7000 per month.
You see, it depends on so many factors: If you are in Line Training or not, your hours on type, hours you fly per month, contractor/RYR employee, if contractor; your agent & your personal tax arrangements, if employee; your base & hours.
If I was going to give you an estimated net income (yearly net income divided by 12) for a three year tax compliant FO; 3000 euro/month.
To understand all the variables though you kind of have to be in the game..
You see, it depends on so many factors: If you are in Line Training or not, your hours on type, hours you fly per month, contractor/RYR employee, if contractor; your agent & your personal tax arrangements, if employee; your base & hours.
If I was going to give you an estimated net income (yearly net income divided by 12) for a three year tax compliant FO; 3000 euro/month.
To understand all the variables though you kind of have to be in the game..
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Yes, ironically you see newer FOs with higher net numbers than those who have been in the right seat for 2-3 years. It's got to do with certain tax deductible items (e.g. type rating, cost of living during line training) which have run out by year two or three. Then there are those who cannot accept a reduction in take home pay and start to 'invent' tax deductible expenses, but that's a dangerous path to take. Hence a tax compliant FO a few years down the line looking at around 3000 euro/month.
It also depends on your accountant and personal circumstances. If you are married (unlikely in a junior FO) Irish tax arrangements are far more advantageous (you stay on the lower rate for an extra €9000). How you choose to manage your expenses also depends - the smart way is to pay yourself a salary up to the top of the lower tax band and then take the rest in expenses, but many take farcically low salaries and burn through their expenses.
Tax compliance helps you sleep at night. Remember, the taxman can go up to at least 7 years back depending on jurisdiction. Consider how you might service the flying training loan you may or may not have. I would say €3500 average is reasonable depending on where you pay your social contributions. That is the biggest issue on newer contracting models as in some countries they border on larcenous and the EU require you to pay them where you are based,not where you may actually live.
Tax compliance helps you sleep at night. Remember, the taxman can go up to at least 7 years back depending on jurisdiction. Consider how you might service the flying training loan you may or may not have. I would say €3500 average is reasonable depending on where you pay your social contributions. That is the biggest issue on newer contracting models as in some countries they border on larcenous and the EU require you to pay them where you are based,not where you may actually live.
