|
Ok, so you can put £40k per year into your pension and take home £5,500 per month? That monthly take home is roughly based on a £100k salary |
That sounds about right. A couple of hundreds more if you claim back a few things, but then again I am not a huge expert, I would wait someone UK based. |
Regarding the Manchester base for DECs, the short answer is No! There is an internal queue miles long of pilots trying to get commands at MAN and the biggest danger you face as a captain there is being run over in the car park by someone trying to get your slot! It is inconceivable to me that any DECs will ever get a job there. The most likely base by far is LGW.
Regarding captain salaries, the UK deal is, within a few pounds, as follows: Captain Basic of £104,747. You get paid 95% of that for the first 6 months but full pay after that. Sector pay is £34.97 (I think!). If you work on 430 sectors per year (varies by base) = 430 x £34.97 = £15,037.10. The Company pays 7% of basic (£7332.29) into your pension (there is a little more due to a smart pension rule but ignore that for now!). Therefore, the maximum you can put tax free into your pension is £32667.71. You also get performance related pay which is typically £2k-£3k a year if the company does well. You can also put £500 per month into the share schemes and most captains do that, but it is completely optional. You often get a further £3k worth of shares if the company is doing well - that will almost certainly happen again this year. After 5 years they are yours to cash-in at whatever the shares are worth then and the whole deal is tax free. There is no incremental pay, but after 2 years, you get 5% of your basic salary loyalty bonus paid annually on the anniversary of you joining, after 5 years 10% and after 10 years 15%. That carries on for as long as you remain an employee. Remember that once you earn over £100k in the UK you effectively get taxed at around 62% - therefore every captain does what he can to keep his salary below that using pension contributions. There are therefore many variables so it is hard to say what anyone gets as they all put in different amounts into the pension and share schemes plus you cannot guarantee exactly how many sectors you will fly. To keep it simple, however, if you are a UK captain after the first 6 months, but before the loyalty bonus kicks in, putting nothing into the shares but just reducing your salary below £100k by pension contributions, flying 430 sectors a year, you can expect to take home £5,500 a month. If you put the full £40k (including company 7%) and fly 430 sectors a year with no share scheme contributions, you will earn very close to £120k a year. Take off your £32,667 into the pension fund and that leaves £87,117. That will give you £4877 per month. In addition you will still get your performance shares (£3k) and the performance payments etc if they happen. There is another slight oddity and that is, by union agreement, you get £56/month for leave payments - every little helps! I hope all that makes sense. It is not a clear picture but very logical if you plug the figures into you own circumstances depending on share payments and pension contributions. |
60% tax rate in the UK above £100k? You sure about this?
https://www.gov.uk/government/public...rrent-and-past |
Thanks Count, that’s all very useful. |
Originally Posted by Deano777
(Post 10233345)
60% tax rate in the UK above £100k? You sure about this?
https://www.gov.uk/government/public...rrent-and-past Read here: https://www.telegraph.co.uk/news/201...ap-set-double/ |
Originally Posted by QR777X
(Post 10233336)
Thanks a lot for this info. However I have different figures coming from a friend based there. He got between £5400 and £6400 net during his training and now he gets around £7300 net. How can it be? Maybe children deductions? I am confused now. As far as I know the worse contract is in Portugal where you get less than 7000 euros net but at least you don't have to pay the Type Rating. How is it possible that UK is even worse than that (6000 euros roughly)? From what people say here, most of the people seems to do the maximum to earn less than 100K£ a year using the max pension contributions. I don't know what your friend do (maybe he like more to have cash, and do his retirement by himself, buying flat, ...) I m sure there are enough easy cpt (what I m not) here to say, if you can do 146K£ a year (it seems with few years in the company possible from what I know) |
I was told to expect to gross about £122,000 for LGW, which is about £6,200 net or £5,500 if you put approx. 18% into your pension to stay just under the £100,000. I don’t believe it’s 95% for the first six months, I certainly hope not if they also expect you to pay for the damn type rating! I believe new internal command upgrades are on 90% of basic salary for the first 6 Months, probably to recoup ‘training costs’. |
Dct_Mopas, interesting read, thank you, I had no idea you lose your personal alliance if you earn above 100k.
Also does anyone know roughly how long you stay in the hold pool for LGW DEC? |
Originally Posted by Deano777
(Post 10233552)
Dct_Mopas, interesting read, thank you, I had no idea you lose your personal alliance if you earn above 100k.
Also does anyone know roughly how long you stay in the hold pool for LGW DEC? They say they hope to be able to offer a course within 12 months, at a ‘mutually agreeable’ date (most need to give 3 months notice), I know some have been in for nearly a year and only just accepted a course (having turned down earlier offers for other bases), others have been in for 4 months and recently accepted offers, this is all for LGW. Depends on your notice period and their requirements and training resources. |
Certainly was the case for DEC that you were on 90% for first 6 months. Not sure if that’s still the case. |
Originally Posted by FlyboyUK
(Post 10233590)
Certainly was the case for DEC that you were on 90% for first 6 months. Not sure if that’s still the case. I dont think that is the case if you’ve to pay for £22,000 for the type rating. If you elect for the TRSS they deduct £611 per month for 36 months, if they take a further 10% for 6 months it starts to get ridiculous! |
It was the case when paying for the type rating up front previously when the TRSS scheme didn’t exist, it may be different now. |
Just so everyone understands, the bit about 62% is due to a sneaky rule whereby your ‘personal allowance’ is reduced for salaries above £100k. The 62% only applies to that portion between £100k - £120k (maybe a slightly different value but the effective tax rate is correct). If you earn £122k and put zero into your pension and buy no shares (neither of which is very sensible) then you will take home £6198 per month on average. If you are flying loads of summer sectors (ie 100 hours flight time) then that sum could go upwards. It is not sustainable and you will fly less, and therefore earn less, over the rest of the year. The £6198 is the average figure over the whole year. It is very inefficient tax wise but you can do it. The only way to increase that amount is to have a non-standard tax code, which is possible if you paid too much tax, for example, the previous year. Regarding £146k a year, that is not possible for a first year captain without loyalty bonus payments. It will take you a few years to earn that. |
Originally Posted by QR777X
(Post 10233750)
I have seen a couple of pay slips with a net salary of £6400 during the ground/induction course (£8778 gross plus roughly £1000 for ground duty). I don't understand how it's possible to get less when training is over. I have been told I can expect £6800 average (maybe with a few layovers). All these numbers are confusing! ;)
Of course, the first few months and depending what you were doing before your net on the pay slip will be higher, time for the tax office to realise you will do this or more all the year and not just one extra months ... But at the end, you will pay the tax you own them. |
Cheers for the UK figures to those who posted. Anyone able to offer an idea of typical net values for the Portuguese bases and Berlin for comparison?
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I have just been flying with a Portuguese guy based in OPO. I discovered, to my astonishment, that part of Portuguese law is that they get paid for 14 months' work each year (one extra month in the summer to cover holidays and one at Christmas)! It is the most bizarre thing I have ever heard of and he was waxing lyrical about how good the contract is there - the world's best kept secret etc. Maybe others with more insight can share, but he was quoting monthly figures of around €7-8,000. Seems alright to me. I am a UK based easyJet guy so I am not an authority on such matters, but it was a very interesting conversation nonetheless.
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Originally Posted by Count of Monte Bisto
(Post 10234783)
I have just been flying with a Portuguese guy based in OPO. I discovered, to my astonishment, that part of Portuguese law is that they get paid for 14 months' work each year (one extra month in the summer to cover holidays and one at Christmas)! It is the most bizarre thing I have ever heard of and he was waxing lyrical about how good the contract is there - the world's best kept secret etc. Maybe others with more insight can share, but he was quoting monthly figures of around €7-8,000. Seems alright to me. I am a UK based easyJet guy so I am not an authority on such matters, but it was a very interesting conversation nonetheless.
If you've got any questions count, feel free to PM me. Needless to say, it's one hell of a lot better than it used to be. |
Could anyone confirm what the current TR cost is for a direct entry FO? Is it still at the £30k mark? |
Originally Posted by Shadyxc2
(Post 10237506)
Could anyone confirm what the current TR cost is for a direct entry FO? Is it still at the £30k mark? |
Originally Posted by patelv6
(Post 10243580)
Its £22k , deductible by salary of £611 for 36 months only if you are uk based.
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Its not a bond. Its a loan from the company - you pay £22k either way, whether it's up front, or spread over three years, it makes little difference. I thought FOs did get access to it, but if you don't, you're not missing out on much. (It's way worse than the Norwegian 787 bond, which ironically gets much more bad comments).
Actually there is a bond - £10,000 .... on TOP of the £22,000!! |
Have any NTR FOs received start dates recently? |
Originally Posted by Daz80
(Post 10235395)
A captain who's been in the company 5 years, paying full local Portuguese tax (assuming wife not working and 1 or 2 kids) can expect a net annual take home of €90,000. That's not including the performance bonus (up to 20% basic salary gross). If you've got any questions count, feel free to PM me. Needless to say, it's one hell of a lot better than it used to be. |
Originally Posted by 4runner
(Post 10243945)
why is the pay so low? Jetblue gets more than double that and Southwest, triple. You guys need ALPA. You also need to remember that it’s not so much that European pilots are paid poorly, it’s more a case of US pilots are paid very well. You can trust us on this, because a lot of us have researched jobs abroad and with the exception of China, any airline that offers more pay is usually in a country where it’s very expensive to live or there’s a big catch. |
To give some perspective, you’d do well to net £75k in the U.K. That’s full time with 10% loyalty. When you compare the cost of living U.K. vs Portugal and quality of life, I’d say the Portuguese contract is far better than is given credit for. I’ve just spent 6 months in Porto and what a fantastic place it is. I will miss it for sure. Just a different vibe than Luton... |
Could anyone give a heads up in the recruitment process please.
I have an online test to do first Thanks. |
Originally Posted by pudoc
(Post 10244037)
First of all, Portugal is one of the poorest Western European countries where the cost of living is extremely low, wages are low and taxes are high. Netting 90k in Portugal....you’ll live extremely well in the country or downtown of the capital city. Better than a Jetblue pilot would live in downtown Manhattan. Plus it’s a beautiful, warm country. I’ve never worked for easyJet, and I have nothing to do with Portugal so I don’t feel like I’m being biased. You also need to remember that it’s not so much that European pilots are paid poorly, it’s more a case of US pilots are paid very well. You can trust us on this, because a lot of us have researched jobs abroad and with the exception of China, any airline that offers more pay is usually in a country where it’s very expensive to live or there’s a big catch. |
Originally Posted by 4runner
(Post 10244374)
i dont disagree, I will post a fact. If you take all the airplanes in the world, outside of the USA, then double that number, you still wouldn’t equal the number of N registered aircraft. The US doesn’t have a higher pay, it is the standard pay. European carriers just pay below what is standard. The US pilot market is more cyclical and extreme both ways, you can have crazy money one year, and being furloughed the year after. |
Evening all,
I sat the online aptitude tests 6 weeks ago and not heard anything back. I hope its not because I've choked early on. Anyone else in a similar boat or able to shed some information on rough timelines for the recruitment process (NTR FO)? FH |
Originally Posted by 4runner
(Post 10244374)
i dont disagree, I will post a fact. If you take all the airplanes in the world, outside of the USA, then double that number, you still wouldn’t equal the number of N registered aircraft. The US doesn’t have a higher pay, it is the standard pay. European carriers just pay below what is standard. Nobody is arguing with you about US pay. Of course we have the advantage that from a really young age (20 years old sometimes) you can start on better money on bigger jets compared to your regionals. |
Originally Posted by FlyingH1gh
(Post 10244448)
Evening all,
I sat the online aptitude tests 6 weeks ago and not heard anything back. I hope its not because I've choked early on. Anyone else in a similar boat or able to shed some information on rough timelines for the recruitment process (NTR FO)? FH |
Originally Posted by osuldavid
(Post 10244761)
Check your “My Applications” section on the easy site, if like me it says successful application, then expect to hear about assessments in November. I emailed them as I’m expecting to hear from another airline shorthly. I’m the same as you, NTR FO. However my TUI assessment is in a week and I have just sent Ryanair my CV (no idea how quick they are) so Nov might be too late. |
I know at least six peeps in my company all in same position. |
Originally Posted by osuldavid
(Post 10244761)
Check your “My Applications” section on the easy site, if like me it says successful application, then expect to hear about assessments in November. I emailed them as I’m expecting to hear from another airline shorthly. I’m the same as you, NTR FO. That is great, thank you. |
Any Talentpoolers been given a TR course in early 2019 yet? |
QR777X are you a Capt or FO and when were you accepted into the pool? Pm me if you’d rather, just curious to know where I may fit in in terms of timelines with others. |
I got accepted into the hold pool 23rd Aug , just wondering if anyones heard about dates? Berlin base requested ,NTR FO.
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Cant say for NTR as Im a rated FO but ive got a confirmed start date for this year. I know for a fact theres been more than 1 of these courses offered already. Im going for Berlin.
You can give them a call, Ive had very nice contact every time ive called and estimates of start dates have been more or less on point. Thanks. -M |
Hi, anyone that has an idea of the present wait time for a NTR FO (Berlin base) from successful assessment to start date for TR?
Thx. |
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