Ezy TRSS pay
Thread Starter
Join Date: Aug 2004
Location: Middle of Nowhere!
Posts: 149
Likes: 0
Received 0 Likes
on
0 Posts
Ezy TRSS pay
Hi guys, i have done a search on this subject a couple of times, but have found no difinative answers.........so hopefully i will now.
will be joining Ezy on the 319 on the TRSS (LPL). ie on a reduced salary. What actually is the rough take home pay for a SFO on this sheme including sector/duty pay? I take it EZY doesnt actually account for this money in my salary i.e not paid in with my salary so im not having to pay more tax etc.............i think gordon brown makes enough money out of us.
Hope you can help.
GMIMA
will be joining Ezy on the 319 on the TRSS (LPL). ie on a reduced salary. What actually is the rough take home pay for a SFO on this sheme including sector/duty pay? I take it EZY doesnt actually account for this money in my salary i.e not paid in with my salary so im not having to pay more tax etc.............i think gordon brown makes enough money out of us.
Hope you can help.
GMIMA
Join Date: Jul 2002
Location: UK
Posts: 87
Likes: 0
Received 0 Likes
on
0 Posts
This is a very difficult question to answer with any sort of accuracy. It depends on things like number of sectors you do at your base, how much you pay towards your pension, whether you have finished your 6 months 90% pay etc.
What happens is easyjet pay you your salary, plus your sector pay (some of which is not taxed), plus other things like uniform allowance, to give you a gross figure before tax. The tax is then calculated on this figure and this would then normally be subtracted from the gross amount to give net pay.
However, easyjet's system is to then reduce your tax figure by approx £420 a month, and to then subract that amount from your gross pay. So you are paying £420ish less tax than you would otherwise.
Your loan repayment (if that's what you have) is completely separate from and nothing to do with easyjet. There is no requirement to take out a loan. All you have to do is give CTC £23,000. If you have that amount burning a hole in your pocket then great. Some people borrow it from bank of M&D, some from a bank which charges low interest rates, some from HSBC (not great) and some put it on their mortgage (even less great).
So if someone says they receive £2800 a month then that is the amount they receive in their bank. How much of that they then pay out to the local loan shark is up to them (or up to the shark!).
So to answer your question: it varies dramatically, especially since it is based so heavily on sector pay. £2800 in your bank account is quite low for a heavy month of working. You can expect a couple of hundred more at least if you're doing sixty sectors or so. More than £3000 in your bank fairly common, but as I said it depends on how much you work.
What happens is easyjet pay you your salary, plus your sector pay (some of which is not taxed), plus other things like uniform allowance, to give you a gross figure before tax. The tax is then calculated on this figure and this would then normally be subtracted from the gross amount to give net pay.
However, easyjet's system is to then reduce your tax figure by approx £420 a month, and to then subract that amount from your gross pay. So you are paying £420ish less tax than you would otherwise.
Your loan repayment (if that's what you have) is completely separate from and nothing to do with easyjet. There is no requirement to take out a loan. All you have to do is give CTC £23,000. If you have that amount burning a hole in your pocket then great. Some people borrow it from bank of M&D, some from a bank which charges low interest rates, some from HSBC (not great) and some put it on their mortgage (even less great).
So if someone says they receive £2800 a month then that is the amount they receive in their bank. How much of that they then pay out to the local loan shark is up to them (or up to the shark!).
So to answer your question: it varies dramatically, especially since it is based so heavily on sector pay. £2800 in your bank account is quite low for a heavy month of working. You can expect a couple of hundred more at least if you're doing sixty sectors or so. More than £3000 in your bank fairly common, but as I said it depends on how much you work.
Last edited by abracadabra; 29th Dec 2006 at 17:59.
Join Date: Jan 2005
Location: The Ether
Posts: 40
Likes: 0
Received 0 Likes
on
0 Posts
Good detailed answer, thanks. but what i wondered was if the above figures, that you recieve in the bank, includes the monthly repayment for the trss loan that easy pay back to you?
ta
ta
Thread Starter
Join Date: Aug 2004
Location: Middle of Nowhere!
Posts: 149
Likes: 0
Received 0 Likes
on
0 Posts
abracadabra.
Little confused.....take it you mean good old fastioned british pounds and not uncle sams US dollars.......
The figures you are quoting ie 2800-3000 is what i am expecte take home.?(including my bond payment or excluding)
I have taken out the CTC bond thing with HSBC, its round 470 amonth, ezy pay 416, which means i have to make up the short fall.
My question is, do Ezy pay me this 416 quid in with my salary (so i get taxed on money im not going to see) or do they deposit this into your account separatly? so then i get to keep all the 3k ish quoted.
Cheers mate, thanks
Little confused.....take it you mean good old fastioned british pounds and not uncle sams US dollars.......
The figures you are quoting ie 2800-3000 is what i am expecte take home.?(including my bond payment or excluding)
I have taken out the CTC bond thing with HSBC, its round 470 amonth, ezy pay 416, which means i have to make up the short fall.
My question is, do Ezy pay me this 416 quid in with my salary (so i get taxed on money im not going to see) or do they deposit this into your account separatly? so then i get to keep all the 3k ish quoted.
Cheers mate, thanks
Join Date: Apr 2005
Location: "this is where the magic happens"
Posts: 260
Likes: 0
Received 0 Likes
on
0 Posts
Ok, I havent been on pprune a lot latey, but why is this whole section absolutely CLUTTERED with easyJet questions?
"Hi I´m starting with EZY next month and I was wondering....."
Don´t you guys CHECK that stuff BEFORE applying, let alone joining and signing a contract???
How can you even pass a selection (or type rating on the Scarebus) if you can´t even do a simple search on this site or check out the easyJet website with relevant info.
http://www.pprune.org/forums/showthread.php?t=255007
http://www.pprune.org/forums/showthread.php?t=257620
http://www.pprune.org/forums/showthread.php?t=257542
http://www.pprune.org/forums/showthread.php?t=249593
http://www.pprune.org/forums/showthread.php?t=257253
http://www.pprune.org/forums/showthread.php?t=257798
"Hi I´m starting with EZY next month and I was wondering....."
Don´t you guys CHECK that stuff BEFORE applying, let alone joining and signing a contract???
How can you even pass a selection (or type rating on the Scarebus) if you can´t even do a simple search on this site or check out the easyJet website with relevant info.
http://www.pprune.org/forums/showthread.php?t=255007
http://www.pprune.org/forums/showthread.php?t=257620
http://www.pprune.org/forums/showthread.php?t=257542
http://www.pprune.org/forums/showthread.php?t=249593
http://www.pprune.org/forums/showthread.php?t=257253
http://www.pprune.org/forums/showthread.php?t=257798
Join Date: Jan 2005
Location: Europe
Posts: 47
Likes: 0
Received 0 Likes
on
0 Posts
Hi Bokkenrijder,
Your reply is not really the one we expected. I haven't done 25 years in aviation but I understood already something : Things are changing really quickly.
When an airline decide to recruit poeple, they should already be flying the day before. And I think it's the same with terms and conditions. What was true yesterday won't probably be correct anymore within months. We are all able to read and understand a contract but we don't know exactly how it will work in the real life. And as you can understand we are not all british citizens and we don't have a 100% correct picture about the tax system in the UK. Part of the flight pay is tax free so it becomes even more complicated to figure out.
To conclude, as you certainly know, there are 4 different payscales for somebody flying in the right seat of an orange aircraft : TRSS FO, TRSS SFO, DE FO, DE SFO. Is there anybody kind enough to answers for the 4 following catgories :
- TRSS FO : take home pay + amount paid by EZY for loan :
- TRSS SFO : take home pay + amount paid by EZY for loan :
- DE FO :
- DE SFO :
Thanks
Regards
Your reply is not really the one we expected. I haven't done 25 years in aviation but I understood already something : Things are changing really quickly.
When an airline decide to recruit poeple, they should already be flying the day before. And I think it's the same with terms and conditions. What was true yesterday won't probably be correct anymore within months. We are all able to read and understand a contract but we don't know exactly how it will work in the real life. And as you can understand we are not all british citizens and we don't have a 100% correct picture about the tax system in the UK. Part of the flight pay is tax free so it becomes even more complicated to figure out.
To conclude, as you certainly know, there are 4 different payscales for somebody flying in the right seat of an orange aircraft : TRSS FO, TRSS SFO, DE FO, DE SFO. Is there anybody kind enough to answers for the 4 following catgories :
- TRSS FO : take home pay + amount paid by EZY for loan :
- TRSS SFO : take home pay + amount paid by EZY for loan :
- DE FO :
- DE SFO :
Thanks
Regards
Join Date: Apr 2005
Location: "this is where the magic happens"
Posts: 260
Likes: 0
Received 0 Likes
on
0 Posts
OK, you have a point that things change can rapidly in this industry but come on, 7 threads all dealing with easyJet at the same time...?
What amazes me most is the "will be joining Ezy on the 319 on the TRSS" bit.
In other words, he/she has already signed the contract and given notice to his/her former employer and then starts wondering/asking how much the actual take home pay will be.......
Anyway, my pay is roughly £3100-3200 including the TRSS payback or roughly £400.
I hope this helps and that GMIMA will still be able to pay his mortgage.
What amazes me most is the "will be joining Ezy on the 319 on the TRSS" bit.
In other words, he/she has already signed the contract and given notice to his/her former employer and then starts wondering/asking how much the actual take home pay will be.......
Anyway, my pay is roughly £3100-3200 including the TRSS payback or roughly £400.
I hope this helps and that GMIMA will still be able to pay his mortgage.
Join Date: Jul 2002
Location: UK
Posts: 87
Likes: 0
Received 0 Likes
on
0 Posts
ok maybe I wasn't clear enough before:
The TRSS payment, of £25000 over five years (or £417 per month), is NOT PAID SEPARATELY. You do not receive two paychecks, nor do you see a credit of £417 on your payslip.
What you see is a REDUCTION in your tax figure.
So if you earn £3200 and pay 25% tax, for example, you would normally have 800 pounds taken out of your payslip and you would receive £2400 in your bank. But easyjet instead reduce the £800 by £417, so you only get £383 taken out of the £3200, and receive £2817 in your bank account.
So when you get your paycheck and the bottom line says £3102 or something, then you get £3102 in your bank account, and that's it. The figure everybody quotes on here is the amount you get in your bank every month after easyjet have done their tax thing.
How much of your £3102 you have to pay out to some lender for giving you £23000 is nothing to do with easyjet and is liable to be totally different for everybody.
(Sorry about the $/£ finger trouble before)
The TRSS payment, of £25000 over five years (or £417 per month), is NOT PAID SEPARATELY. You do not receive two paychecks, nor do you see a credit of £417 on your payslip.
What you see is a REDUCTION in your tax figure.
So if you earn £3200 and pay 25% tax, for example, you would normally have 800 pounds taken out of your payslip and you would receive £2400 in your bank. But easyjet instead reduce the £800 by £417, so you only get £383 taken out of the £3200, and receive £2817 in your bank account.
So when you get your paycheck and the bottom line says £3102 or something, then you get £3102 in your bank account, and that's it. The figure everybody quotes on here is the amount you get in your bank every month after easyjet have done their tax thing.
How much of your £3102 you have to pay out to some lender for giving you £23000 is nothing to do with easyjet and is liable to be totally different for everybody.
(Sorry about the $/£ finger trouble before)
Thread Starter
Join Date: Aug 2004
Location: Middle of Nowhere!
Posts: 149
Likes: 0
Received 0 Likes
on
0 Posts
abracadabra
cheers mate for all your help!
didmt mean to upset anyone with another EzyJet posting, just that there was no specific thread with the info i required.
Bokkenrijder
I think i will just be about able to pay for my house
cheers mate for all your help!
didmt mean to upset anyone with another EzyJet posting, just that there was no specific thread with the info i required.
Bokkenrijder
I think i will just be about able to pay for my house
For what it's worth - the pay is much better now. I take home £3050, out of which I pay my loan of £425, leaving £2625. SFO, 3.5 years, UK base.
Bear in mind that eJ calculate their pension contribution on your reduced salary - so they take the £5000 off a year, and then pay a % of what's left (and do so for 5 years). When you reach command, they will take 10% off your salary for 6 months, and £5000pa off your salary all at the same time. Double reduction.
You will meet other FO's who earn up to £7500 pa more than you. Some will have been there for longer, and others will have 180 hours total time (but they paid for their own rating, at a cheaper TRTO).
Good luck!
Bear in mind that eJ calculate their pension contribution on your reduced salary - so they take the £5000 off a year, and then pay a % of what's left (and do so for 5 years). When you reach command, they will take 10% off your salary for 6 months, and £5000pa off your salary all at the same time. Double reduction.
You will meet other FO's who earn up to £7500 pa more than you. Some will have been there for longer, and others will have 180 hours total time (but they paid for their own rating, at a cheaper TRTO).
Good luck!
