Originally Posted by
Skippy69
FO1 salary 897,889 hkd, that not inclusive of the 20k housing allowance that won't get something that's super great.. so go plug that into current exchange rate.... It squares to 175,725.41 Aus dollars. Qantas taking direct into the 737 on 200+ AUD. Virgin FO EBA that's about to be voted down is offering 179... Not inclusive of allowances... That's to live in Aus with a house bigger than a shoebox... Cathay is far from Competitive.
Living costs (all in HKD)
Accommodation: $360,000
Tax @ 15%: 165,000
Utilities: $30,000
Medical insurance (yes you will need it) family of 4: $25,000
Transport (taxi/PT/Uber): $12,000
Groceries: $100,000
Out of pocket allowances for education (ESF): $90,000
Extra curricular for the kids: $24,000
Aviation medical: $2500
Just a smidge under $810k.
A saving of $290k per year, I haven’t taken into account other expenses like: Restaurants, take-away, domestic helper, holidays, Annual theme park tickets etc…. This is the minimum spend to have a semi-normal life.