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Old 1st Oct 2002, 02:41
  #112 (permalink)  
tone-uncage-fire
 
Join Date: Aug 2002
Location: All the leaves are brown, and the sky is grey....
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About a year ago the SO Package looked like this:

Pay: HK$386,000
Housing: HK$243,000
Allowances: HK$60,000 (varies on fleet/roster obviously)

Incoming: HK$:689,000 = US$87,215

Of course this can be mis-leading as the housing allowance goes directly into your rent (in full).

Annual before tax (but after rent) HK$446,000 = US$56,685

Tax is 15-17% leaving approx: HK$379,000 = US$47,800 take-home-in-your-pocket-play-money.

Multiply that by 1.8 and you get a general FO package: ie: US$86,000 in your pocket.

Before I get shot to pieces remember these examples are only for HKG based crews.... if you choose to be based you are paid in local currency and subject to local tax regulations. Also as, stipulated on many threads there are various contracts..... the above example is only my experience.

Traditionall we also got a 13 month salary/christmas bonus (which paid 2/3's of your tax bill) but this was not paid last year....who knows this year?? I have not included it in the abv maths.

"Its a riddle, wrapped in a mystery, in side an enigma" WC 1945
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