We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Is a car allowance in you wage counted as extra income to your wage by the OR?
notaclue83
Posts: 1 Newbie
Hi i hope someone can help, as i am getting very stressed out with this!! I was declared bankrupt last year, i was recently given a early discharge notice:rolleyes: however i had to inform the OR that i had moved house and was struggling to keep on top of all my bills ( as my partner had moved out and i had to move somewhere with a cheaper rent) and make the monthly Income payment agreement.
I normally have a works car which i fuel and they insure and tax for me. However last month whilst i was waiting for the OR to decide if they could do anything to help with the IPA i used my mum's car for work as i can claim £210 car allowance, which i have used to pay for my insurance, and gave my mum towards her road tax and obviously fuel. ( as i was struggling to fuel the company car as it costs a fair bit in fuel)
The OR have now come back to me and said that i qualify for a 6 month payment suspension, which will be reassessed in Feb.
The problem i have is this : when they reassess they will look over my wage slips and see this car allowance, will they consider this to be income, even though it s being used to pay for insurance and tax etc ? do i need to declare it? should i tell my mum i don't want to borrow her car for work and go back to using a company car?? Please help!!
I normally have a works car which i fuel and they insure and tax for me. However last month whilst i was waiting for the OR to decide if they could do anything to help with the IPA i used my mum's car for work as i can claim £210 car allowance, which i have used to pay for my insurance, and gave my mum towards her road tax and obviously fuel. ( as i was struggling to fuel the company car as it costs a fair bit in fuel)
The OR have now come back to me and said that i qualify for a 6 month payment suspension, which will be reassessed in Feb.
The problem i have is this : when they reassess they will look over my wage slips and see this car allowance, will they consider this to be income, even though it s being used to pay for insurance and tax etc ? do i need to declare it? should i tell my mum i don't want to borrow her car for work and go back to using a company car?? Please help!!
0
Comments
-
Yes they will class it as income but they will also class tax insurance and fuel as expenditure.......0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.4K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards