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Car Salary Sacrifice Scheme
Trying_not_to_be_skint
Posts: 1 Newbie
Hi! I am really new to this but could do with some help.....
I currently receive a car allowance of £5k (gross), but travel at least 25k of business miles a year, and literally no personal miles
With this I am expected to buy/lease/rent a motor, and all the associated costs, tax, MOT, insurance etc
I have heard of a salary sacrifice scheme (similar to the cycle to work scheme?). Does anybody know how this works, and if there is a calculator anywhere?
My car has recently blown up, and needs replacing, so I am trying to do it the most cost effective way
Any help gratefully received
Cheers
I currently receive a car allowance of £5k (gross), but travel at least 25k of business miles a year, and literally no personal miles
With this I am expected to buy/lease/rent a motor, and all the associated costs, tax, MOT, insurance etc
I have heard of a salary sacrifice scheme (similar to the cycle to work scheme?). Does anybody know how this works, and if there is a calculator anywhere?
My car has recently blown up, and needs replacing, so I am trying to do it the most cost effective way
Any help gratefully received
Cheers
0
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