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Pilots Salary in Cathay Pacific Airways
| Year |
Monthly (HK $) |
Annual (HK$) |
| Second Officer (SO) |
|
|
| 1 |
$ 32,213.00 |
$ 386,556.00 |
| 2 |
$ 36,080.00 |
$ 432,960.00 |
| 3 |
$ 40,410.00 |
$ 484,920.00 |
| 4 |
$ 45,259.00 |
$ 543,108.00 |
| |
|
|
| Junior First Officer (JFO) |
|
|
| 1 |
$ 49,421.00 |
$ 593,052.00 |
| 2 |
$ 55,352.00 |
$ 664,224.00 |
| |
|
|
| First Officer (FO) |
|
|
| 1 |
$ 64,265.00 |
$ 771,180.00 |
| 2 |
$ 65,343.00 |
$ 784,116.00 |
| 3 |
$ 66,443.00 |
$ 797,316.00 |
| 4 |
$ 67,565.00 |
$ 810,780.00 |
|
|
|
| Senior First Officer (SFO) |
|
|
| 1 |
$ 69,854.00 |
$ 838,248.00 |
| 2 |
$ 71,639.00 |
$ 859,668.00 |
| 3 |
$ 73,478.00 |
$ 881,736.00 |
| 4 |
$ 75,371.00 |
$ 904,452.00 |
| 5 |
$ 77,322.00 |
$ 927,864.00 |
| 6 |
$ 79,331.00 |
$ 951,972.00 |
|
|
|
|
| Captain |
|
|
| 1 |
$ 98,375.00 |
$ 1,180,500.00 |
| 2 |
$ 100,135.00 |
$ 1,201,620.00 |
|
|
|
|
| Senior Captain |
|
|
| 1 |
$ 101,928.00 |
$ 1,223,136.00 |
| 2 |
$ 103,758.00 |
$ 1,245,096.00 |
| 3 |
$ 105,624.00 |
$ 1,267,488.00 |
| 4 |
$ 107,528.00 |
$ 1,290,336.00 |
| 5 |
$ 109,469.00 |
$ 1,313,628.00 |
| 6 |
$ 111,450.00 |
$ 1,337,400.00 |
| 7 |
$ 113,470.00 |
$ 1,361,640.00 |
| 8 |
$ 115,530.00 |
$ 1,386,360.00 |
| 9 |
$ 117,632.00 |
$ 1,411,584.00 |
| 10 |
$ 119,777.00 |
$ 1,437,324.00 |
| 11 |
$ 121,962.00 |
$ 1,463,544.00 |
| 12 |
$ 124,193.00 |
$ 1,490,316.00 |
| 13 |
$ 126,468.00 |
$ 1,517,616.00 |
| 14 |
$ 128,788.00 |
$ 1,545,456.00 |
| 15 |
$ 131,156.00 |
$ 1,573,872.00 |
| 16 |
$ 133,569.00 |
$ 1,602,828.00 |
| 17 |
$ 136,032.00 |
$ 1,632,384.00 |
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Exchange Rates (3rd February 2006)
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One Unit Equals
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In Hong Kong Dollars
|
|
1 British Pound
|
$13.67
|
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1 Euro
|
$9.32
|
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1 American Dollar
|
$7.75
|
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1 Canadian Dollar
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$6.76
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1 Australian Dollar
|
$5.81
|
|
1 Singapore Dollar
|
$4.74
|
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1 Malaysian Ringgit
|
$2.07
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Notes:
The above salary scales for Cathay Pacific Airways are based on basic pay only and does not include variable or housing allowances. Tax is 16% on basic pay.
Over the last few years the tax rate in Hong Kong has been steadily increasing. In the 2004/05 tax year, which was the final year of increases in personal tax rates in the current round, tax was calculated as follows:
Single tax free allowance: HK$100,000.00
Married tax free allowance: HK$200,000.00
After deducting the above relevant tax free allowance, the marginal tax rates are as follows:
First HK$30,000.00 = 2%
Next HK$30,000.00 = 8%
Next HK$30,000.00 = 14%
Remainder = 20%
Therefore if you are on a starting salary of HK$386,556.00 as a married S/O, the tax on your basic salary would be calculated as follows:
First HK$200,000.00 is tax free.
Next HK$30,000.00 @ 2% = HK$600.00
Next HK$30,000.00 @ 8% = HK$2400.00
Next HK$30,000.00 @ 14% = HK$4200.00
Remaining HK$96,556.00 @ 20% = HK$19,311.20
Total Tax on income = HK$26,511.20
Tax is also levied on your housing allowance but at different rates depending on whether you take it as a cash allowance or rental assistance. You have also got to consider Provisional tax. Basically in your first year they will tax you twice. You will get a credit for the provisional tax paid in your next years tax, though if you get a promotion and or additional pay through bonuses etc, provisional tax can be an ongoing pain in the butt. Luckily for me I knew it was going to be a shocker this financial year and allowed for it. Some I fear are going to get a shock when they get their tax assessment for 2004/05.
Sources: ACL Cathay Pacific Airways Forum
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