Ryanair UK DEC contract pay?
Join Date: Nov 2009
Location: Somerset
Posts: 32
Likes: 0
Received 0 Likes
on
0 Posts
Are they still charging for type rating if you are non rated? That could be a big game changer for many people, especially experienced guys in the Middle East who haven't flown a 737 for a while
Join Date: Nov 2000
Location: I wish I knew
Posts: 624
Likes: 0
Received 0 Likes
on
0 Posts
Say Mach Nunber I think you are right ! The sticky issue is the basing policy and NLH now seems a better prospect for those who want the guarantee to be able to live near London. On the other hand at least in a Ryanair UK contract you can apply for a mortgage whereas the NLH contract doesn't provide a hope in hell if this.
Thread Starter
Join Date: Jul 2008
Location: Where the company needs me not where I want to be!
Posts: 399
Likes: 0
Received 0 Likes
on
0 Posts
I think that depends on the wind on that particular day and your negotiating skills. I hear a few been offered STN as a clause to join. Other smaller bases may be more tricky.
Join Date: Dec 2015
Location: Deep Under
Posts: 1
Likes: 0
Received 0 Likes
on
0 Posts
Contract or permanent?
Hi to all,
I have received an offer for DEC in RYR.
At the meeting with Ryr they gave as a choice of contract or permanent.
But not to many details about difference. Of course the main advantage for contract are the money.
To understand contract it's easy 145eur per hour. Thats all. So if I multiply by let say average 75hr/month 10800eur gross. Now come hard part - after irl tax and base country social I was told it is around 6000-7000eur. (also Ryr captains say that is more or less that amount of cash in your pocket every month). Huge disadvantage it is through your own Ltd company. So if you brake your leg for example no money on your account for some time.
Permanent is little bit different. Basic gross around 60k eur. Paid from the first day. Then yearly allowance around 12k eur- for pension and annual (do I get it in cash or It's just what ryr will pay for me??). Block hr 45eur - but you have extra pay for holiday and day off.
Your vac days are paid by ryr.
So what will be net for permanent position??
Of course there are some pros and cons between permanet and contract like ilness, pension, holiday pay etc.
But when I spoke with capt. who signed permanent and he get first salary he was somewhat disappointed (ground school only no flight time). Other says that some guys are very disappointed about money on permanent and If they had a choice they would take a contract.
I understand the difference between social security with permanent and contract, but I'm not looking forward to get pay check with 3000 per month with promise that someday somehow In some future I will get my pension.
I will be very grateful for some hard numbers (euros, dolars or pounds
)
I have received an offer for DEC in RYR.
At the meeting with Ryr they gave as a choice of contract or permanent.
But not to many details about difference. Of course the main advantage for contract are the money.
To understand contract it's easy 145eur per hour. Thats all. So if I multiply by let say average 75hr/month 10800eur gross. Now come hard part - after irl tax and base country social I was told it is around 6000-7000eur. (also Ryr captains say that is more or less that amount of cash in your pocket every month). Huge disadvantage it is through your own Ltd company. So if you brake your leg for example no money on your account for some time.
Permanent is little bit different. Basic gross around 60k eur. Paid from the first day. Then yearly allowance around 12k eur- for pension and annual (do I get it in cash or It's just what ryr will pay for me??). Block hr 45eur - but you have extra pay for holiday and day off.
Your vac days are paid by ryr.
So what will be net for permanent position??
Of course there are some pros and cons between permanet and contract like ilness, pension, holiday pay etc.
But when I spoke with capt. who signed permanent and he get first salary he was somewhat disappointed (ground school only no flight time). Other says that some guys are very disappointed about money on permanent and If they had a choice they would take a contract.
I understand the difference between social security with permanent and contract, but I'm not looking forward to get pay check with 3000 per month with promise that someday somehow In some future I will get my pension.
I will be very grateful for some hard numbers (euros, dolars or pounds
)
Adding to what thebeast said:
HMRC's tax calculator gives £94,000 gross as a £5100 net pcm, but in fact the average net monthly income is £500 pcm higher even after you've sacrificed £6000 a year of your gross income to match the company's contribution.
I suppose this is explained by the effect of the increased tax over £100,000 which isn't reflected in your net pay because of the different way in which tax on sector pay and your allowances is calculated.
Overall, this means the real net income is actually the equivalent of earning a salary of something in the order of £120,000.
Source: Rough figures, guesswork, etc.
PS: First three months on a permanent contract always show far lower than normal take home due to wrong tax codes. Don't ask me why, but everyone complains.
HMRC's tax calculator gives £94,000 gross as a £5100 net pcm, but in fact the average net monthly income is £500 pcm higher even after you've sacrificed £6000 a year of your gross income to match the company's contribution.
I suppose this is explained by the effect of the increased tax over £100,000 which isn't reflected in your net pay because of the different way in which tax on sector pay and your allowances is calculated.
Overall, this means the real net income is actually the equivalent of earning a salary of something in the order of £120,000.
Source: Rough figures, guesswork, etc.
PS: First three months on a permanent contract always show far lower than normal take home due to wrong tax codes. Don't ask me why, but everyone complains.
Thread Starter
Join Date: Jul 2008
Location: Where the company needs me not where I want to be!
Posts: 399
Likes: 0
Received 0 Likes
on
0 Posts
Anybody joined recently with any info on the likelihood of base options still for DEC's and current UK Gross pay and sector pay etc?
Also are the contracts still using those silly Irish LTD companies?
Also are the contracts still using those silly Irish LTD companies?
