Originally Posted by
Sallytraffic
Thanks, seems very low, is this working from the increased pay? I'm reading 144 gross from the company website and up to 152 in 2021.
Cheers
If you're paying Portuguese tax you can reckon on €75-80k net in year 1. Tax rates depend on whether you're single or married and if you have kids or not.
Those numbers don't include the annual performance bonus (maximum 20% basic salary for captains), obviously you can't plan on the full amount of that every year.
There's talk of the government decreasing tax for higher earners by 3% next year which would be a nice extra 3-4K take home.
After 5 years in the company with the loyalty bonus and pay increases you can expect €85-93k net per year.