hi everyone!! just to guive you some lights about Sunny Pt!
Great place to leave... except when it comes to tax system nowadays..
Awsome weather, great food, nice ppl.
now the bad part :P
Unmarried and working as an employee:
Monthly Pay (€) Vs no. of "dependents" aka Kids
(up to) 0 1 2 3 4 5+
575,00 0,0% 0,0% 0,0% 0,0% 0,0% 0,0%
580,00 1,0% 0,0% 0,0% 0,0% 0,0% 0,0%
587,00 2,0% 0,0% 0,0% 0,0% 0,0% 0,0%
633,00 3,0% 1,0% 0,0% 0,0% 0,0% 0,0%
675,00 4,0% 2,0% 1,0% 0,0% 0,0% 0,0%
726,00 5,0% 3,0% 2,0% 1,0% 0,0% 0,0%
801,00 6,0% 5,0% 3,0% 2,0% 1,0% 0,0%
907,00 7,0% 6,0% 4,0% 3,0% 2,0% 1,0%
988,00 8,0% 7,0% 6,0% 4,0% 3,0% 2,0%
1.048,00 9,0% 8,0% 7,0% 6,0% 4,0% 3,0%
1.124,00 10,0% 9,0% 8,0% 7,0% 6,0% 5,0%
1.205,00 11,0% 10,0% 9,0% 8,0% 7,0% 6,0%
1.300,00 12,0% 11,0% 10,0% 9,0% 8,0% 7,0%
1.401,00 13,0% 12,0% 11,0% 10,0% 10,0% 9,0%
1.537,00 14,0% 13,0% 12,0% 12,0% 11,0% 10,0%
1.683,00 15,5% 14,5% 14,5% 13,5% 12,5% 11,5%
1.840,00 16,5% 15,5% 15,5% 14,5% 13,5% 13,5%
1.945,00 17,5% 16,5% 16,5% 15,5% 15,5% 14,5%
2.056,00 18,5% 17,5% 17,5% 16,5% 16,5% 15,5%
2.182,00 19,5% 18,5% 18,5% 17,5% 17,5% 16,5%
2.328,00 20,5% 19,5% 19,5% 18,5% 18,5% 17,5%
2.495,00 21,5% 21,5% 20,5% 20,5% 19,5% 19,5%
2.722,00 22,5% 22,5% 21,5% 21,5% 20,5% 20,5%
3.054,00 23,5% 23,5% 22,5% 22,5% 21,5% 21,5%
3.478,00 24,5% 24,5% 23,5% 23,5% 23,5% 22,5%
4.052,00 25,5% 25,5% 24,5% 24,5% 24,5% 24,5%
4.576,00 27,0% 26,5% 25,5% 25,5% 25,5% 25,5%
5.111,00 28,0% 27,5% 27,5% 26,5% 26,5% 26,5%
5.786,00 29,0% 28,5% 28,5% 27,5% 27,5% 27,5%
6.653,00 30,5% 29,5% 29,5% 28,5% 28,5% 28,5%
7.852,00 31,5% 30,5% 30,5% 30,5% 29,5% 29,5%
9.455,00 33,0% 32,0% 32,0% 32,0% 32,0% 31,0%
11.159,00 34,0% 33,0% 33,0% 33,0% 33,0% 32,0%
18.648,00 35,0% 34,0% 34,0% 34,0% 34,0% 33,0%
20.000,00 36,0% 35,0% 35,0% 35,0% 35,0% 34,0%
22.500,00 36,5% 36,0% 36,0% 36,0% 36,0% 35,0%
25.000,00 37,0% 37,0% 37,0% 37,0% 37,0% 36,0%
+25.000,00 38,0% 38,0% 38,0% 38,0% 38,0% 37,0%
If you're married, it improves a litle bit by 2% to 5% and no... it is not linear
To this cut take out another 11% (min 150€) for social security (basically, just add both together and apply the cut).
This monthly tax table is last years table (2011), since there isn't 2012 table ready yet. Also you need to add 1,5% extra cause of austerity measures.
To enter the table, divide your annual gross pay by 14... and enter the table.
Ex: 70.000€ gross/y
/14 = 5000€
Tax = 28% (no kids and unmarried) = 1400€
SS = 11% = 550
extra 1,5% = 75
Net monthly pay = 5000-1400-550-75= 2975€/month + 2 extra base pay (13th and 14th month - annual and Christmas bonus)
In reality Gross to Net pay in this example has a 59,5% ratio (40,5% fiscal weight)
Next bad part... life cost:
- apartment range from 600 upwards, depending on type and location. Central Lx (Lisbon) you Might get a cozy T1 down town (old like hell without lift :P) for some 500/600 but since the renting law's changing right now... can't say for sure.
- If you go to suburbs its cheaper, but you can add an increased fuel bill.
- my opinion... target 800€ and try to share house with a colleague (T2 house) to halve it to 400€
- Public transports are not that efficient to the airport, so count on driving everyday (get a car?) fuel's at 1,6€/l (gasoline) and 1,4€/l (diesel) and car taxes are killing for new ones (get a used car and good luck)
- 2000€ used car + 600Km (100€ fuel) or +1200Km suburbs (200€ fuel) (not counting trips on days off to enjoy your life)
- food its acceptable, since you can manage for around 350€/m if you cook at home (1pax) and going out seldom (it will always depend on what you eat, obviously).
so... overall... from a 77.000€ anual gross pay, expect 3217,5€/month and take out 1000 if sharing quarters or around 1400 if not.
Fiscal weight of 41,5%
Apart from that... great meat and better fish
try the wine as well
Good Luck and nice landings!