RYR Company ID's
Join Date: Jan 2011
Location: FL410
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To be honest if your curious about this ID sign up to REPA find the ID poll and see what it says there.....listening to people from outside the the company might be interesting but it is not necessarily fact......sign up to REPA and see for yourself what your colleagues are doing about it and maybe for a change we could have a bit of unity!
For those who don't know the website click on the link below.
http://www.repaweb.org/
For those who don't know the website click on the link below.
http://www.repaweb.org/
Join Date: Mar 2000
Location: U.K.
Age: 46
Posts: 3,112
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I won't start going on about what a ridiculous situation this is for RYR pilots, you're all well aware of that fact.
Here's a couple of things that might clarify the situation in regards to ID's and some of the points on here so far.
1) You should be able to offset the cost against your tax bill. Not all of it of course, but it's a start.
2) Being a contractor doesn't stop you getting a mortgage. If you've been a contractor for more than 2 years and have been working regularly in that period, you will invariably be counted as a permanent member of staff by the mortgage company and so your employment status is irrelevant. If under 2 years, then you can usually get 3-4 times the value of the contract as a mortgage. So, if you have a one year contract and can prove how much you'll flying you'll get, then there's no problem.
3) I never quite understand the problem with being a contractor. Alright it's a bit less stable than being a full-time employee, but financially it makes a massive amount of sense. Especially in regards to your take home pay. After contracting, it's very, very hard to go back to being a full-timer unless you get a mahoosive pay increase. You just need to set yourself up properly and be disciplined with your accounting, but you should be able to keep a huge amount more of your pay than a full-timer.
4) Having a company I.D means naff all in regard to your employment status.
5) Just be thankful that they aren't asking you to get a BAA pass out of your own pocket, they really are silly money.
6) RYR are taking the proverbial with this.
Here's a couple of things that might clarify the situation in regards to ID's and some of the points on here so far.
1) You should be able to offset the cost against your tax bill. Not all of it of course, but it's a start.
2) Being a contractor doesn't stop you getting a mortgage. If you've been a contractor for more than 2 years and have been working regularly in that period, you will invariably be counted as a permanent member of staff by the mortgage company and so your employment status is irrelevant. If under 2 years, then you can usually get 3-4 times the value of the contract as a mortgage. So, if you have a one year contract and can prove how much you'll flying you'll get, then there's no problem.
3) I never quite understand the problem with being a contractor. Alright it's a bit less stable than being a full-time employee, but financially it makes a massive amount of sense. Especially in regards to your take home pay. After contracting, it's very, very hard to go back to being a full-timer unless you get a mahoosive pay increase. You just need to set yourself up properly and be disciplined with your accounting, but you should be able to keep a huge amount more of your pay than a full-timer.
4) Having a company I.D means naff all in regard to your employment status.
5) Just be thankful that they aren't asking you to get a BAA pass out of your own pocket, they really are silly money.
6) RYR are taking the proverbial with this.
Join Date: Mar 2005
Location: My house
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I have 2 years accounts and a very helpful accountant and I cannot get a mortgage!! The uk Market will not allow it because of the fragile nature of the lending Market.
I am a professional person and I will be working hard to achieve recognition or to leave for a proper company!!
It's a joke!!
I am a professional person and I will be working hard to achieve recognition or to leave for a proper company!!
It's a joke!!
Join Date: Mar 2000
Location: U.K.
Age: 46
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Change your accountant! In fact why ask an accountant for mortgage advice in the first place? Just talk to a proper broker and you'll find something.
I had no issues whatsoever, even with less than 2 years as a contractor.
There's even a website to help. Contractor Mortgages - Mortgages On Your Contract Rate Alone! - Contractor Mortgage | Mortgages for Contractors | IT Contractor Mortgages | IT Contractor Mortgage | C&F Mortgages | C & F Mortgages | C and F Mortgages | Contractor & Freelancer Mortgag
I had no issues whatsoever, even with less than 2 years as a contractor.
There's even a website to help. Contractor Mortgages - Mortgages On Your Contract Rate Alone! - Contractor Mortgage | Mortgages for Contractors | IT Contractor Mortgages | IT Contractor Mortgage | C&F Mortgages | C & F Mortgages | C and F Mortgages | Contractor & Freelancer Mortgag
Join Date: Jun 2009
Location: monaco
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say again slowly,
most of the almost 2000 BRK contractors aren't English citizens and do not reside in the UK; getting a mortgage with a dodgy BRK contract in most European countries is close to impossible.
The BRK scam stretches far beyond Bishop Stortford and countries like Germany ,Italy,Norway and Spain have already launched official investigations into it.
most of the almost 2000 BRK contractors aren't English citizens and do not reside in the UK; getting a mortgage with a dodgy BRK contract in most European countries is close to impossible.
The BRK scam stretches far beyond Bishop Stortford and countries like Germany ,Italy,Norway and Spain have already launched official investigations into it.
Join Date: Mar 2000
Location: U.K.
Age: 46
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Without trying to start a massive argument, in what way is it dodgy?
Usually as long as you can prove the length of contract and the payments then away you go, even if you are paid from a different EU country than the one you reside in.
In regards to British crews, I'm guessing all of them have Ltd's here in the UK?
Usually as long as you can prove the length of contract and the payments then away you go, even if you are paid from a different EU country than the one you reside in.
In regards to British crews, I'm guessing all of them have Ltd's here in the UK?
Join Date: Feb 2002
Location: uk
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This thread is now well off topic, but yes, I sat down with an IFA, a good friend of a good friend, with a stack of paperwork this high, and had the expected conversation, ending with something like:
" So, who pays you again? "
" I do "
"And who is ****ltd ?"
" Me "
" And how does the cash get from RYR to BRK to CXC/MAC to ****ltd to you?"
" I have no idea.."
" Nobody is going to lend you the price of a cuppa, mate..."
So I went to a well known high street bank and the conversation went:
" Yes, well you have a reasonable income. Not as high as we'd expect from an airline pilot..."
" Tell me about it."
"...but I think we can make you an offer."
Two weeks later, it was a done deal. It is possible.
Back to the thread topic, I am looking forward to enjoying my newly defined employee status as owner (?) of shiny new company ID!!
" So, who pays you again? "
" I do "
"And who is ****ltd ?"
" Me "
" And how does the cash get from RYR to BRK to CXC/MAC to ****ltd to you?"
" I have no idea.."
" Nobody is going to lend you the price of a cuppa, mate..."
So I went to a well known high street bank and the conversation went:
" Yes, well you have a reasonable income. Not as high as we'd expect from an airline pilot..."
" Tell me about it."
"...but I think we can make you an offer."
Two weeks later, it was a done deal. It is possible.
Back to the thread topic, I am looking forward to enjoying my newly defined employee status as owner (?) of shiny new company ID!!
Join Date: Aug 2010
Location: World
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Why's that? Is it forced on them by RYR/BRK? If so, that's monumentally hooky.
In fact even this bloke wouldn't touch it.
In fact even this bloke wouldn't touch it.
Join Date: Mar 2000
Location: U.K.
Age: 46
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Wowsers.
In that case, that is incredibly dodgy. The whole point of being self employed is that you take responsibility for your own affairs. If you aren't able to do that, then you get all the negatives of being self employed without the positives.
Wouldn't touch that with a barge pole.
In that case, that is incredibly dodgy. The whole point of being self employed is that you take responsibility for your own affairs. If you aren't able to do that, then you get all the negatives of being self employed without the positives.
Wouldn't touch that with a barge pole.
Join Date: Aug 2010
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Wowsers.
In that case, that is incredibly dodgy. The whole point of being self employed is that you take responsibility for your own affairs. If you aren't able to do that, then you get all the negatives of being self employed without the positives.
Wouldn't touch that with a barge pole.
In that case, that is incredibly dodgy. The whole point of being self employed is that you take responsibility for your own affairs. If you aren't able to do that, then you get all the negatives of being self employed without the positives.
Wouldn't touch that with a barge pole.
It needs to be pointed out that there is no one Brookfield contract. Some are on older more lucrative contracts. But all new joiners, FO and Captain alike, are now forced on the Irish system.
Join Date: Jan 2005
Location: Cloud Cookoo Land
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But every cloud has a silver lining...
...Like the two newly upgraded Captains who walked out without fulfilling notice to take places on an OCC course of another well known and expanding 737 operator. You have a 5K CU training bond to honour, a 3 month notice requirement.....ahhh..ok, you have a Brookfield Contract. Best of luck then. Anyone else heard that one?
...Like the two newly upgraded Captains who walked out without fulfilling notice to take places on an OCC course of another well known and expanding 737 operator. You have a 5K CU training bond to honour, a 3 month notice requirement.....ahhh..ok, you have a Brookfield Contract. Best of luck then. Anyone else heard that one?
Join Date: Jun 2008
Location: ireland
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this is true but i can guarantee you that DD and the other low life scum bags will get greedy again and make sure anybody changing base etc will have to sign a new contract. mark my words, these boys are scum of the earth and will do anything to get more money from brk pilots.
