Take home start salary
Thread Starter
Joined: Sep 2005
Posts: 80
Likes: 0
From: Helsinki
Take home start salary
Dear Guys,
Hopefully I will be starting in about 8-9 months at Cathay Pacific as a DEFO EU-based. I requested Paris as my preferred base.
A few days ago I was trying to calculate some stuff and would like to know from other EU-based guys what the take home NET-SALARY is for EU-based pilots. In which country is the tax being payed? Also how much do you pay on insurance and pension?
Thank you in advance guys, hope to hear from you soon.
Gipilot.
Hopefully I will be starting in about 8-9 months at Cathay Pacific as a DEFO EU-based. I requested Paris as my preferred base.
A few days ago I was trying to calculate some stuff and would like to know from other EU-based guys what the take home NET-SALARY is for EU-based pilots. In which country is the tax being payed? Also how much do you pay on insurance and pension?
Thank you in advance guys, hope to hear from you soon.
Gipilot.
Joined: May 2002
Posts: 2,609
Likes: 0
From: Asia
gipilot
With the exception of the UK where a recent court case went against the company, tax for based pilots is for based pilots to worry about. You must budget for it each month your pay packet arrives in your bank account. CX doesn’t withhold any income tax for you.
As some advice, you will pay tax in Hong Kong and in the EU country you reside in. If that country has a tax treaty with Hong Kong (most of them do), you will get a tax credit on the tax paid in Hong Kong against the tax you will have to pay in Europe.
With the exception of the UK where a recent court case went against the company, tax for based pilots is for based pilots to worry about. You must budget for it each month your pay packet arrives in your bank account. CX doesn’t withhold any income tax for you.
As some advice, you will pay tax in Hong Kong and in the EU country you reside in. If that country has a tax treaty with Hong Kong (most of them do), you will get a tax credit on the tax paid in Hong Kong against the tax you will have to pay in Europe.
