I think a major contributor to Longhaul SFO's not bidding for Shorthaul command has to be the NAPS pension issues (and thats not BA's doing it's the Government's).....
Why would you become a shorthaul captain to create a ~£300,000-350,000 pension liability (i.e. you OWE THE GOVERNMENT).... BA Pensions pay this to the Gov but then charge you MPF rate (currently around 9-9.5% interest PER ANNUM) on this figure.....
If you've got 20+ years to retirement that could virtually WIPE OUT your entire pension!
And no I'm not being melodramatic... the figures are out there!
Dave is offline Report Post
Dave is correct. I flew with a SFO who is in Naps and was not taking command for those tax liabilities. It was going to cost him a staggering amount of money so why would you go for a command in his situation?
I can't wait for the next Budget when Mr Osborne will probably end tax relief for those of us in a money purchase scheme.