COS09 vrs COS08 HKD$ NUMBERS FOUND HERE:
These numbers are based on the following:
Average FO crew age: 34
Pay scales based on FO year: 4
Assumes you have purchased a house based on HKD50000 - 55000/month.
You are half way through the 15 year housing period: Based on 7 years remaining.
Remaining years housing at HKD24000/ month.
Tax in the future increasing to 20%
Seniority: Mid FO range
COS09 takes bypass pay into account after 2 years from now.
COS08 does not include future bypass pay.
The amounts are from Now, April 2009 till the end of either contract.
The numbers do NOT take into account EEP / Fund93B
COS1999Total to RA55
HK$37,331,028.00
Less tax 20%HK$7,466,205.60
NETHK$29,864,822.40
--------------------------
COS2008 (New)Total to RA65
HK$56,287,884.00
Less tax 20%HK$11,257,576.80
NETHK$45,030,307.20
--------------------------
TOTAL GAIN over 10 years
HK$18,956,856.00
HK$3,791,371.20 (TAX)
HK$15,165,484.80 (Gain)
-------------------------
EACH YEAR GAIN OVER 55
HK$1,895,685.60
HK$379,137.12 (TAX)
HK$1,516,548.48
-----------------------
MONTHLY
HK$157,973.80
HK$31,594.76 (TAX)
HK$126,379.04
-----------------------
If you wish, send me your actual info & I can calculate it. I have a spread sheet based on the CX COS09 & COS09 pay scales.
I hope this info helps.
Last edited by cxcrew; 22nd Apr 2009 at 18:31.