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What now for Thomas Cook

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What now for Thomas Cook

Old 25th Sep 2019, 14:32
  #21 (permalink)  
VJW
Sciolist (look it up) of the first order
 
Join Date: Oct 2010
Location: UK
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Originally Posted by zeddb View Post
As a year 1 Captain, expect around 6.5-7k/month after deductions
So a year 1 Captain earns £140,000 gross per year? Thatís whatís needed to make £6.5-7k net a month, every month.
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Old 25th Sep 2019, 16:27
  #22 (permalink)  
 
Join Date: Sep 2010
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Jesus guys don't bite my head off!, I might be a bit thick but I can read my payslip and for the last few months I've been getting around 6.5K POUNDS. As I said it depends on length of trips, number of trips and how much you are bonded for. Also your arrangements re pension contributions with HMRC. A gross of around 10K per month is 120K per year, depending on your tax arrangements that is around 6.5k after deductions, you pay 60% tax between 100-125k unless you put some into a pension. 7k was the best month and may have been a tax underpayment, I'm not an accountant so I don't know. LTN is a Wizz UK contract, can't speak for the other contract types that apply elsewehere.

If you don't fancy it then don't apply, plenty of other DEC recruitment at the moment as long as you like Chinese food or deserts. Your choice.

Last edited by zeddb; 25th Sep 2019 at 18:06.
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Old 25th Sep 2019, 19:41
  #23 (permalink)  
 
Join Date: May 2015
Location: London
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Originally Posted by VJW View Post


So a year 1 Captain earns £140,000 gross per year? Thatís whatís needed to make £6.5-7k net a month, every month.
Based on my roster for this month, expect around Ä130k gross year 1, probably a bit more in summer, bit less in winter, but due to the flight pay system if you end up on 6/2/6/7 you could be in for a nasty shock on the months you get 2 weeks off, which will be around 1 in 3. I believe there are 10 pay points on the WZZ Captain scales, which will take 11-12 years to reach in most circumstances.

After 11-12 years you're reaching the same as some of the BA pay scales after 30 years by my reckoning, so this is where the benefit in moving to WZZ (alongside very good training) comes in.
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Old 25th Sep 2019, 20:18
  #24 (permalink)  
 
Join Date: Jan 2015
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Gulf Air are looking for DEC A320. It's 900 hours+ and no such thing as FRMS
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Old 26th Sep 2019, 05:24
  #25 (permalink)  
 
Join Date: Jun 2011
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Originally Posted by FGE319 View Post
After 11-12 years you're reaching the same as some of the BA pay scales after 30 years by my reckoning, so this is where the benefit in moving to WZZ (alongside very good training) comes in.
Judging by the crew next to me at security I can think of another VERY good benefit in joining
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Old 26th Sep 2019, 23:19
  #26 (permalink)  
 
Join Date: Nov 2007
Location: europe
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Jet2 recruitment days for ex TCX staff
https://krb-sjobs.brassring.com/TGne...s=1583927_6527

Last edited by iggle piggle; 27th Sep 2019 at 03:14.
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Old 27th Sep 2019, 07:09
  #27 (permalink)  
 
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expect around Ä130k gross year 1
A lot of junior BA shorthaul Airbus skippers would struggle to get anywhere near that figure.
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Old 1st Oct 2019, 18:25
  #28 (permalink)  
 
Join Date: May 2015
Location: London
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Originally Posted by CW247 View Post
Think of the total package, I doubt Wizz Captains are getting a pension much beyond the basic legal requirement.
With the aim being to keep a total taxable income below £100k plus FRE, I'd say there's adequate ability to do that.

Number crunched and I'm in the same position as now after 4-5 years, better off every year after that on a UK contract with just under 30 years to go. Bearing in mind bases with lower cost of living are available (take-home at several bases, both EU and non-EU is comparable to that in UK after tax), for the younger guys it's more than worth it, it's worth consideration even with a family. No constant 4 sector days but being home every night has to be one of the biggest advantages of staying if in.
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