IAG: BA restructuring may cost 12,000 jobs
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I wouldn't have too much issue with the tax on PILON, it is Pay of a sort after all, what gutted me last year was the £525/week cap applied. So you get less than half your pay rate and it's taxable and they take off any Job Seekers allowance you might be getting at the time too. This is repayable, and the tax on PILON will probably be recoverable from HMRC if still unemployed next year, but the system is well and truly rigged against the better paid. T'aint that way in Germany. Much better treatment.
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When I took redundancy from BT in 1992 the tax free element allowed then was £30,000. Today after taking into account inflation that figure should be nearer £52,000. Fiscal drag I think they call it.
For those suitable motivated must be worth a question to their local tax office and or MP.
Also understand that during the bmibaby and Monarch redundancy processes , pay in lieu of notice, PILON, was paid tax free.
For those suitable motivated must be worth a question to their local tax office and or MP.
Also understand that during the bmibaby and Monarch redundancy processes , pay in lieu of notice, PILON, was paid tax free.
Qantas pilots are in a similar position with the borders now expected to stay closed until next year. B744 being retired early and A380s going into long term storage. The only flying for the next few months will be domestic and New Zealand so mostly narrowbody.
Pilots worldwide who are on what were previously the senior long haul fleets seem to be bearing the brunt of the current situation. A senior Captain on a high paypoint with limited years ahead before retirement , who's on a type which is likely to remain grounded for the foreseeable future may need to consider his options carefully if an attractive redundancy offer was made.
More junior pilots on narrow bodies are likely to be back in the air first, and with 20+ years ahead of them would be better off staying with the company and riding it out.
Pilots worldwide who are on what were previously the senior long haul fleets seem to be bearing the brunt of the current situation. A senior Captain on a high paypoint with limited years ahead before retirement , who's on a type which is likely to remain grounded for the foreseeable future may need to consider his options carefully if an attractive redundancy offer was made.
More junior pilots on narrow bodies are likely to be back in the air first, and with 20+ years ahead of them would be better off staying with the company and riding it out.
Compare and contrast to Europe. Are the Aussies, with just 100 deaths really going to keep the door shut for at least another 6 months? With a vaccine not guaranteed to be found?
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When I took redundancy from BT in 1992 the tax free element allowed then was £30,000. Today after taking into account inflation that figure should be nearer £52,000. Fiscal drag I think they call it.
For those suitable motivated must be worth a question to their local tax office and or MP.
Also understand that during the bmibaby and Monarch redundancy processes , pay in lieu of notice, PILON, was paid tax free.
For those suitable motivated must be worth a question to their local tax office and or MP.
Also understand that during the bmibaby and Monarch redundancy processes , pay in lieu of notice, PILON, was paid tax free.
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Not true - PILON subject to tax, as usual.
Pay a professional to help you with your next tax return and keep any outstanding taxes to a minimum.
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’Last week with the assistance of BALPA, an agreement was obtained with HMRC to allow the payment of PILON free of taxation. The fact of this agreement, will we understand allow substantial savings for the Company through the reduction of National Insurance Costs on the monies due. Therefore to include sector pay on PILON will in fact not cost the company anything.’
From an agreement made in 2012. So there is potentially a precedent for ongoing negotiations.
From an agreement made in 2012. So there is potentially a precedent for ongoing negotiations.
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But HMRC changed the Law on PILON in 2018 so unless HMRC are involved in the BA/BALPA negotiations I cant see any imminent changes in the law coming.
New rules for taxation of termination payments
New rules for taxation of termination payments
Compare and contrast to Europe. Are the Aussies, with just 100 deaths really going to keep the door shut for at least another 6 months? With a vaccine not guaranteed to be found?
https://edition.cnn.com/2020/06/18/b...hnk/index.html
There are daily flights with Singapore Airlines which are mainly for mail and cargo. Australian citizens may return from overseas but are subject to quarantine on arrival.
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Enhanced by a sprinkling of glitter, apparently.
The paltry offering demonstrates the value placed on long-serving staff.
Totally underwhelming.
It depends how political the issue gets, when Ansett went broke back in 2001, the Australian government put a tax on air tickets to fund the shortfall in what was due to the employees. This was not unpopular as there was a lot of sympathy for the plight of those who lost their jobs. Perhaps we should have a "Pilot's Lives Matter" campaign.
It depends how political the issue gets, when Ansett went broke back in 2001, the Australian government put a tax on air tickets to fund the shortfall in what was due to the employees. This was not unpopular as there was a lot of sympathy for the plight of those who lost their jobs. Perhaps we should have a "Pilot's Lives Matter" campaign.
https://youtu.be/zwi56hM3sLs
https://youtu.be/zwi56hM3sLs
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And what game are they playing here?
Divide and conquer, again?
Are they scared of Unite calling a strike just when BA needs to start a meaningful schedule?
Didn’t WW tell the TSC that BA is ‘fighting for survival’?
Yet here is a pay-rise.
While also buying another airline for €1bn.
https://www.thesun.co.uk/news/119092...eals/#comments
Divide and conquer, again?
Are they scared of Unite calling a strike just when BA needs to start a meaningful schedule?
Didn’t WW tell the TSC that BA is ‘fighting for survival’?
Yet here is a pay-rise.
While also buying another airline for €1bn.
https://www.thesun.co.uk/news/119092...eals/#comments
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Yes they are. Also this is public relations to sway the opinion of the public, press and parliament. The original comms from BA were very certain that time was short, June 15th would be the appointed day, and money was short. The offer was compulsory redundancies at the bare minimum legal amount and the horrendous new proposed contracts.
The leverage campaign has had effect. June 15th passed without incident, (though it is rumored that the section 188 wasn’t legally correct and the process has restarted), voluntary redundancy has been offered and the proposed contract for cabin crew , at least, has been improved.
The danger with this new cabin crew offer is that it causes a split in Unite who represent both MFU the MF union and BASSA the legacy union. On the face of it, to a mildly interested press, public and parliament the offer seems reasonable under the circumstances.
It isn’t. This fight is far from over, unites campaign needs to alter in response.
The leverage campaign has had effect. June 15th passed without incident, (though it is rumored that the section 188 wasn’t legally correct and the process has restarted), voluntary redundancy has been offered and the proposed contract for cabin crew , at least, has been improved.
The danger with this new cabin crew offer is that it causes a split in Unite who represent both MFU the MF union and BASSA the legacy union. On the face of it, to a mildly interested press, public and parliament the offer seems reasonable under the circumstances.
It isn’t. This fight is far from over, unites campaign needs to alter in response.