Originally Posted by
EPST
As stated above, takehome pay per rank is roughly:
SO: €4200
FO: €5000
SFO: close to €6000
All of these are nett per month.
Reason for the high net pay compared to (not extremely high) gross, is the way the salary is taxed.
Basic pay is relatively low but taxed at ~40%. On top of that you receive sectorpay and so called "diaria" which is a daily allowance. These elements are tax free, thus the "overall taxation" is ~22%.
Also you receive a performance bonus (depending on company performance) and loyalty bonus (when eligible). And when operating > 35 sectors, the sectorpay from the 36th sector onwards is doubled.
EPST: Sector pay on the Italian contract is NOT tax free but taxed for 50% of its amount since it is a “flight allowance”...