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DEC EZ in Portugal

Old 24th Jun 2017, 17:43
  #1 (permalink)  
Thread Starter
 
Join Date: Nov 2007
Location: NY
Age: 40
Posts: 143
DEC EZ in Portugal

Hello,

Looks like EZ is recruiting DEC for their Portuguese bases. Any idea what would be the average monthly income AFTER taxes for someone who would be full time resident there or someone commuting to another part of Europe (in that case just the portuguese part of taxes). Just trying to figure out what would be the best option to maximize the income. Resident or non resident? Also does your taxes contribute towards some sort of retirement plan?

Thanks a lot for the information
NineInchSnail is offline  
Old 26th Jun 2017, 16:02
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Join Date: Feb 2006
Location: Naples, FL, USA
Age: 34
Posts: 63
My understanding is the following for captains, however taxation is of course a personal matter.

BASIC SALARY
The basic salary is 102500 gross per year. In Portugal this amount is divided by 14 months.

So approximately 7321 gross per month (*14 payments)


VARIABLE PAY
Then you have your sector pay which is a bit more then 60 euros per nominal sector, of which ~65 euros is tax free per day, if you fly internationally.
On top of the sector pay you have holiday pay, positioning pay, simulator pay, and a few others that I can't think of right now.
For simplicity sake say something of between 25-30k per year of which 500 euros per month is tax free.

BENEFITS
(Pension, Lol, private medical insurance) 3500 euros per year.

BONUS
From 0% up to 20% of basic pay subject to company target / performance.

LOYALTY PAY
Up to 20% of basic for captain after 10 years in the company.

EASYJET SHARE BUYING SHEME

I figure on about 45% total tax deductions (11% NI + tax) married with one kid.

Bare in mind the Portuguese state is setup as a welfare state, not unlike some of the Nordic country's. And as such that might be one of the reasons for the high tax rate.

Anyway that's all from me.
lear999wa is offline  

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