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Community Forums / The Lounge / Re: Car Allowance or Cash...?
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on: June 21, 2012, 11:21:53 PM
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Thanks for all the replies...
For a £5k car allowance, what type of car could I get? Would it stretch to a BMW 320d Efficient Dynamics; decent car with low CO2 emissions? What other alternatives would people recommend?
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12
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Community Forums / The Lounge / Re: Car Allowance or Cash...?
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on: June 21, 2012, 12:11:25 AM
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Thanks Sheriff...
I've also been offered a fuel card that covers both business & private mileage. The job is mostly office based and therefore I won't be doing much business mileage, probably less than 2k miles per year. My commute to the office would be c.90 miles a day (which counts as private mileage...?), which by my calculation is about 21.5k miles a year.
In terms of tax code, does that mean my code would be reduced by the value of the car allowance? And therefore reduce my tax free allowance?
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13
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Community Forums / The Lounge / Car Allowance or Cash...?
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on: June 20, 2012, 11:29:50 PM
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I've been offered a new job that comes with a car allowance (£5k) as part of the package.
I've never had a car allowance as part of any previous jobs, and want to work out what my options are...?
1. Take the allowance as cash (but I'll be paying 40% income tax on it) 2. Take a car
Can someone explain to me (in noddy terms!), what the pros & cons are of my options...? e.g. tax implications etc...
Cheers, winkie
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14
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Community Forums / The Lounge / Re: Living in/around Cambridge...?
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on: October 22, 2011, 10:20:20 PM
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Thanks Sheriff. Only planning to use the car to drive to work, otherwise it's walking or using the bus to get around the city.
Cheers Chompy for the advice... i might venture to Luton sometime in the next 6 months. What's at St Neots?
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