BALPA negotiated tax allowance

[ALTSEL]

Does anybody know the tax allowance £££ for the tax year ending 6th April 2006 applicable to UK commercial pilots??? My return needs to be filled soon, thanks in anticipation.

ALTSEL

[MINself]

FREA

The BALPA negotiated FREA is a 2 part allowance totaling £950 onto your UK tax coding. This is made up of £850 for general expenditure and £100 for travel expenditure.

Hope this helps.

Cheers MS

[ALTSEL]

into what segment of the UK return is this listed and how isit described?

[Bealzebub]

You might want to check this carefully, since I believe the allowance is for tax year 2006/7 not 2005/6 which would be the return you are now completing ?

Employment section 1.32 for travel expenses.
Employment section 1.33 for the FREA.

[ALTSEL]

could you define FREA please? thanks

[MINself]

http://www.pprune.org/forums/showthread.php?t=248877

try this, it discusses the FREA in a bit more detail.

[ALTSEL]

what is the BALPA negotiated deal for 2006-2007????

[ALTSEL]

Can anybody tell me the FREA for Tax year ending 6th April 2007 and into which box's of the tax return form this should go??? Thanks

[Don Coyote]

I believe all the details you need are on the BALPA website.

[Mungo Man]

I don't understand how this tax allowance that BALP have arranged - perhaps someone can clarify...

Does the £850 allowance get added onto the standard annual personal tax free allowance of £5225? In which case the saving for me is 22% of £850.

Or does it mean I will pay £850 less in tax per year?

Cheers,

[Don Coyote]

It is added to your tax code.

Two thirds of your BALPA subs can be claimed back too, my tax code is now 684 which I believe means I can earn 6840 before paying tax.

[Ropey Pilot]

All I did was phane the tax office and ask if my tax code could be changed. He asked me what I did and it all happened automatically from there - they send your new tax code to your employer and it is included in PAYE so corrected itself via my monthly pay!