Expat Forum For People Moving Overseas And Living Abroad banner

1 - 10 of 10 Posts

·
Registered
Joined
·
13 Posts
Discussion Starter · #1 ·
Hi All,

I have been offered a job in Paris by an MNC. I have been offered a gross salary of 97,400 Euros per annum which includes the annual emoluments.

The social security, income tax and accommodation need to be borne by me.

We are a family of four with two kids and I would be the sole earner for at least some time.

Is the offer worth taking ? A bit confused because social security, income tax and accommodation costs seem to be very high in Paris.

Any advice would be a great help since I need to confirm to the Organization by mid next week if I am taking up this job or not.

Thanks a lot in advance.

Cheers !

Matt.
 

·
Administrator
Joined
·
50,415 Posts
Not sure what you mean by the social security need to be bourne by you. If you're on a French payroll, you'll have something like 22 to 25% of your gross salary deducted for social security, with the remaining portion paid by the employer. (And the employer portion amounts to 35 - 40% of your gross salary.) Income taxes are usually on you, as are your accommodation costs (unless you're a temporary transfer).

The salary you've been offered is actually pretty good for the Paris area. Yes, housing costs are pretty high if you want to live in Paris or the immediate surroundings. You should probably ask to see where your colleagues live - there are some savings to be had living out in the suburbs, plus the employer picks up half the cost of a monthly transport pass. But the ultimate cost of living will depend quite a bit on your expectations and your ability to adapt.
Cheers,
Bev
 

·
Registered
Joined
·
358 Posts
with your family, you will end up having a net salary of 75000 with taxes to be deducted and this would be sometthing around 6500 (based on you are the only income in the house) so you will end up with 65000-68000 which is pretty good in general.
I do not live near Paris but I can see people around here living for almost less than 1/3 of your net income... bear in mind that you will not be paying anything for health or education. All you will need to worry about is your normal living expenses, food, transportation...etc. and of course the rent amount.
 

·
Read Only
Joined
·
18,642 Posts
with your family, you will end up having a net salary of 75000 with taxes to be deducted and this would be sometthing around 6500 (based on you are the only income in the house) so you will end up with 65000-68000 which is pretty good in general.
I do not live near Paris but I can see people around here living for almost less than 1/3 of your net income... bear in mind that you will not be paying anything for health or education. All you will need to worry about is your normal living expenses, food, transportation...etc. and of course the rent amount.
The OP will, however, have to pay for that portion of his mutuelle that the company doesn't pay - without a mutuelle he would be responsible for up to 30% of most health costs. That said, I wouldn't think he would find the cost of a mutuelle to be onerous.

The OP should bear in mind that normally you cannot get a rental that amounts to more than 1/3 of gross salary - so if he divides his annual gross by 12 and then by 3, he will have an estimate of maximum rental and will be able to start looking at housing costs for the family in whichever part of Paris suits him (that's just to get an idea, of course, as, unless the MNC provides assistance in finding initial accommodation (and IMHO they should for someone on that kind of salary), he won't be able to arrange anything other than temporary accommodation until he arrives in France.

The salary is good, but of course all depends on lifestyle expectations.

Oh, and part of the social security payments go towards a pension, so are far from lost.
 

·
Registered
Joined
·
13 Posts
Discussion Starter · #5 ·
Thanks a lot Bev, Mohsil & Everhopeful ..

I meant the same as you when I mentioned about Social security being borne by me. Just that I did not form the sentence comprehensively. My mistake.

I made a rough calculation of the taxes to be paid on the net salary (after deducting 23% from gross salary) and the total taxes payable came to around Euros 17,189. Mohsil gave me a figure of around Euro 6,500. Is my calculation wrong because I am yet to understand clearly the 'parts'calculation.

Secondly, My elder daughter is 4.5 years old now and she is currently in senior kindergarten. What would be the schooling options for her if we move in by this year end ?

Thirdly, what would be some nice areas to look for accomodation and what would be estimated rents for a 2 bedroom apartment ? I am not very particular on staying in Paris Central but again it must not be too far also.

I am just a bit anxious.

Thanks a lot guys.

Cheers.

Matt.
 

·
Registered
Joined
·
576 Posts
Thirdly, what would be some nice areas to look for accomodation and what would be estimated rents for a 2 bedroom apartment ? I am not very particular on staying in Paris Central but again it must not be too far also.
Hi Matt,

I look at Leboncoin.fr daily for apartments as we are needing to move from our current one in Sep. We're looking for a 2 bedroom in central Paris, so a bit different to your search. The ones that have interested us are around 2000-2500 euros. We like the older 'Haussmannian' style with tall ceilings and windows, parquet floors, ornate moldings, fireplaces, and some sort of balcony. Apts in the burbs might come cheaper - not sure. Parking and additional storage space with an apartment comes at a premium if you need that.

Agents and individual owners advertise on Leboncoin. Some require 3-3.5X 'net' earnings over the rent, plus past wage statements and tax returns. Agents in a particular area might give you more options. They add a fee of course.

I'm relative new to Paris, so I'm sure there's folks on here with a lot more experience and knowledge in apartment hunting.

Best wishes for your move to Paris, if that's what you end up doing.

Bruce
 

·
Administrator
Joined
·
50,415 Posts
The French tax calculations are a little bit complicated (at least the first few times around). In simplest terms, you get one part each for yourself and your wife, plus a half part each for the first two kids. So, in your case, you get 3 parts. This means you divide your taxable income by three, figure the tax on that amount, then multiple the resulting tax figure by 3. (Puts you in a lower tax bracket to allow for the family size.)

However, there are lots of deductions and credits in there, too, so your taxes may actually be someone less than the figure you calculate. (You have to declare your worldwide income in France, so any investments or bank accounts outside of France may come into play.)

Age 4.5 will put your daughter into the maternelle which is probably ideal to give her a chance to pick up the language before she starts "real" school at age 6. Maternelle is part of the public school system.
Cheers,
Bev
 

·
Read Only
Joined
·
18,642 Posts
Hi Matt,

I look at Leboncoin.fr daily for apartments as we are needing to move from our current one in Sep. We're looking for a 2 bedroom in central Paris, so a bit different to your search. The ones that have interested us are around 2000-2500 euros. We like the older 'Haussmannian' style with tall ceilings and windows, parquet floors, ornate moldings, fireplaces, and some sort of balcony. Apts in the burbs might come cheaper - not sure. Parking and additional storage space with an apartment comes at a premium if you need that.

Agents and individual owners advertise on Leboncoin. Some require 3-3.5X 'net' earnings over the rent, plus past wage statements and tax returns. Agents in a particular area might give you more options. They add a fee of course.

I'm relative new to Paris, so I'm sure there's folks on here with a lot more experience and knowledge in apartment hunting.

Best wishes for your move to Paris, if that's what you end up doing.

Bruce
.
The minimum required by law is gross earnings of 3 x the rent. However, the Paris market is extremely tight, especially for the type of property you are looking for, which means, of course, that landlords/agents can give preference to those with higher incomes. The market is in fact so tight that even the recent maximum rental rules are not necessarily applied.

This is the link re maximum rents https://www.service-public.fr/particuliers/actualites/A10755.

This link indicates maximum rents in Paris Carte des loyers de référence à Paris / Encadrement des loyers - only useful as a guide, of course.
 

·
Read Only
Joined
·
18,642 Posts
Thanks a lot Bev, Mohsil & Everhopeful ..

I meant the same as you when I mentioned about Social security being borne by me. Just that I did not form the sentence comprehensively. My mistake.

I made a rough calculation of the taxes to be paid on the net salary (after deducting 23% from gross salary) and the total taxes payable came to around Euros 17,189. Mohsil gave me a figure of around Euro 6,500. Is my calculation wrong because I am yet to understand clearly the 'parts'calculation.

Secondly, My elder daughter is 4.5 years old now and she is currently in senior kindergarten. What would be the schooling options for her if we move in by this year end ?

Thirdly, what would be some nice areas to look for accomodation and what would be estimated rents for a 2 bedroom apartment ? I am not very particular on staying in Paris Central but again it must not be too far also.

I am just a bit anxious.

Thanks a lot guys.

Cheers.

Matt.
I would suggest you post this question in a separate thread and include the location of the office where you will be working.
 

·
Registered
Joined
·
13 Posts
Discussion Starter · #10 ·
Thanks a lot guys.. You have been very helpful. I have almost made up my mind to take the offer and move.

As suggested I shall put the query on accommodation in a separate thread.

Cheers..

Matt
 
1 - 10 of 10 Posts
Top