VB/J* Pilots :.. Are Endorsements Tax Deductable?

[Icarus2001]

Currently they are paying for the endorsement up front and that cost is deducted from your pay over three years before tax

Huh?

[Chimbu chuckles]

Jetstar are paying for the endorsement up front (and if you pass the final check you are offered employment)...you then pay for the endo over the next three years via a pre tax salary sacrifice system...clear enough?

I personnally think this is a vast improvement and a huge step back in the right direction...it will be interesting to see if VB follow suite.

[4dogs]

Chuckles,

And who pays if you do not pass the final check?

Stay Alive,

[Chimbu chuckles]

Interesting hey?

Might be a bit of a tie...you don't pay but you don't get type rating either.

[Icarus2001]

Thanks. Got it. I didn't know which "they" you were referring to.

Don't VB reimburse pilots for the endorsement cost over a year or so. The cost is paid up front by the candidate then final sim check leads to an offer of full time employmet.

Yes the Jetstar system seems a BIG improvement from many viewpoints, not the least being the tax benefit.

Why is a A320 endorsement so much more than an B737 endorsement?

[Chimbu chuckles]

I think the main difference is that, in the VB case, the tax man gets a big cut of the reimbursement...whereas with Jet* you pay via salary sacrifice (before tax) so save heaps on the endo.

As to why the price difference between sim types I have no idea.