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Salary Question

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Salary Question

Postby chursy » Tue 27 Sep 2011 17:58 GMT

Hi

I have a job offer from one of the top accounting firms in Malta . However its slightly on the lower end around 25k gross

I have been using the calculator online , which equates to roughly 1890 odd euros/month

for a couple with an infant , is the above salary going to be sufficient considering the cost of living and so forth there?

I am hoping to rent a decent appartment around gaziro area two bed perhaps for around 600 odd, although considering the above might have to reconsider this.

The salary is much lower then the international job market and although the company is good and so is the job, but the money isnt really great! and i am just wondering whether to take it or leave it!

I am not an out going person, pretty much a family man.
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Postby gozomark » Tue 27 Sep 2011 18:05 GMT

1,890 = 22.700 a year - ie only 2,300 social security and tax on 25,000 ? That sounds far too low for deductions
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Postby chursy » Tue 27 Sep 2011 18:07 GMT

1890 is the net salary from the tax calculator based on the gross of 25,000/annum.

Not sure what you trying to suggest above? can you elaborate a bit further?
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Postby gozomark » Tue 27 Sep 2011 18:08 GMT

Ah - you need to deduct social security contributions as well
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Postby chursy » Tue 27 Sep 2011 18:09 GMT

yup i know that, is that roughly 6%?
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Postby chursy » Tue 27 Sep 2011 18:10 GMT

I am married so my tax bandings are slightly more then normal single hence the lower tax per annum
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Postby gozomark » Tue 27 Sep 2011 18:12 GMT

http://www.gov.mt/frame.asp?l=2&url=htt ... ird.gov.mt

click on SSC calculator - its 10%, but capped
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Postby gozomark » Tue 27 Sep 2011 18:13 GMT

actual rates of SSC

http://www.gov.mt/frame.asp?l=2&url=htt ... ird.gov.mt

and click

SSC rates
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Postby chursy » Tue 27 Sep 2011 18:17 GMT

Thanks! So it all works out to be roughly 1700 odd pounts net / month!!!!.... honestly is that enough do you reckon?
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Postby gozomark » Tue 27 Sep 2011 18:23 GMT

euros, not pounds :-)

you are earning 4* minimum wage, so clearly many can and do live on far less than that - whether its enough for you only you can say. Many expats live here on less, and are perfectly happy
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Postby chursy » Tue 27 Sep 2011 18:33 GMT

sorry yaa euros indeed :).... Not a problem thanks a million for your help.
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