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Company car allowance
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Am guessing it would count as a payment in kind so would appear on your P11d at end of year.
It effectively increases your salary by 5k.
If this means you are pushed into the 40% tax threshold you could reduce this back down by paying more into your pension.
You only need to start looking at company car calculators if you have a company car. From what you say its not a car you have been given but a 5k allowance towards a car.0
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