Pensions

Background

Pilots feel the current pension system – including the existing tax relief framework - works. They want stability and fear any changes could undermine the system and put people off saving for their future.

BALPA believes recent changes to the annual and lifetime allowances are already putting higher rate tax payers off saving. Professionals are reducing their pension savings or pulling out of them altogether, a problem that would be accelerated if the Treasury decide to reduce or abolish higher rate tax relief as has been recently mooted.

BALPA Position

The immediate policy aim should be to restore stability and rebuild confidence in the existing pensions system by hitting the pause button on any further pension tax changes and by creating an independent retirement savings commission with a remit to safeguard the future of pensions for all working people in the UK.

BALPA is also working to ensure DC pension schemes are improved as it believes many will not deliver an adequate retirement income.

Pilots are working with other professionals (doctors, dentists, civil servants and senior police officers) to highlight the potential consequences of reducing higher rate tax relief and protect pensions saving (both DB and DC).

BA pilots accept jobs deal

Pilots in British Airways have voted to accept the deal negotiated by BALPA in response to BA’s formal notification of 1255 pilot job losses and their threat to fire and rehire the remaining pilots on worse conditions.

Friday 31 July 2020

Travel corridor chaos is undermining confidence and deepening the COVID-19 economic crisis, say pilots

With travellers expressing confusion over changing quarantine rules, the British Airline Pilots Association (BALPA) has again called for clarity from the Government on its border policies, which BALPA says are damaging the UK economy.

Tuesday 28 July 2020

BALPA says holidaymakers and airlines should be compensated for latest Government quarantine U-turn and the ‘blunt tool’ policy needs to change

The British Airline Pilots Association (BALPA) says the Government needs to look again at its COVID-19 border policies which BALPA says are damaging the UK economy.

Monday 27 July 2020

Pensions

Background

BALPA Position

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BA pilots accept jobs deal

Travel corridor chaos is undermining confidence and deepening the COVID-19 economic crisis, say pilots

BALPA says holidaymakers and airlines should be compensated for latest Government quarantine U-turn and the ‘blunt tool’ policy needs to change

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