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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 | | | |
Go to Universal Currency Converter
Go to Top Exchange Rates (3rd February 2006) One Unit Equals | In Hong Kong Dollars | 1 British Pound | $13.67 | 1 Euro | $9.32 | 1 American Dollar | $7.75 | 1 Canadian Dollar | $6.76 | 1 Australian Dollar | $5.81 | 1 Singapore Dollar | $4.74 | 1 Malaysian Ringgit | $2.07 |
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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