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A new wage indexation was triggered on 1 September, which means that your salary will increase at the end of the month, but do you know by how much?
As per last week's announcement by the National Institute of Statistics and Economic Studies (STATEC), wages and pensions in Luxembourg are set to rise by a further 2.5% from 1 September.
But while the indexation of salaries has made headlines in recent days, do you really know how much your take-home pay will increase? Take a look below to get an idea of what to expect. Please note that the calculations were made without deductions and for tax class 1 in Luxembourg.
- Minimum wage for non-skilled workers (€2,508 gross without index): +€62.70 per month or +€752.50 per year
- Minimum wage for skilled workers (€3,010 gross without index): +€75.25 per month or +€903 per year
- €4,000 gross without index: +€100 per month or +€1,200 per year
- €6,000 gross without index: +€150 per month or +€1,800 per year
- €8,000 gross without index: +€200 per month or +€2,400 per year
- €10,000 gross without index: +€250 per month or +€3,000 per year
- €20,000 gross without index: +€500 per month or +€6,000 per year
If these calculations have not applied to you, feel free to use our online calculator to get an idea of what this index will change for you in gross terms.