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"You
have been very persistent in
your effort to find the right
job match for me". Shavourne,
in the Bahamas
"Living on
the Island is an adventure.
I'd recommend
it to anyone".
Matt,
from England, now in Bermuda
"I
told my friend
what a great
job you did for
me and
referred him to
your website.
Thank you for
everything!" Rena, in
Cayman from Canada
"I'm having a fantastic time".
Helen, British Virgin Islands
"Thanks for all
your help. I'm
delighted to be going!"
John, from Australia, now in
Bermuda
"I
just wanted to thank you for setting
me up here. I'm really
enjoying it. It's great!" Rebecca,
moved from South Africa to Grand Cayman
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FAQs
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Salary comparison
for candidates from the UK
To
make a meaningful comparison, the key consideration is to think about how much
you would need to earn gross working in the UK to end up with the same net
disposal income as you will receive from offshore employment.
The tables below
readily allow you to compare your tax-free salary earned offshore in US$
and converted into sterling to a gross salary equivalent earned in the United
Kingdom, adjusting for 2007/8 tax and national insurance
rates.
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A)
Your salary earned on the Island |
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| Salary ($) |
Exchange Rate |
Income Tax |
Net Salary (£) |
| 75,000 |
2.00 |
Nil |
37,500 |
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B)
Your salary earned in the UK |
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| Salary (£) |
Income Tax |
National Insurance |
Net Salary (£) |
| 54,069 |
13,042 |
3,527 |
37,500 |
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As you can see from the above comparison, a tax-free starting salary on the Islands of US$75,000 equates to an
excellent UK salary of just over £54,000 in terms of net take-home pay. This excludes additional benefits
associated with offshore employment such as any bonus element, medical and life
insurance, pension plan, paid relocation assistance and work permit sponsorship.
C)
Other advantages
Unlike in the UK, on the Island you will
not have to worry about paying indirect taxes such as council tax, expensive
commuting costs, the TV
licence or VAT. Even better, as a non-resident you should be able to reclaim any
such tax incurred (or GST, as it's called in the US/Canada) when visiting home or
the North America region.
And don't forget that you'll benefit from
a truly superb work-life balance not found at home.
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