We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Company car tax
Options
dano17439
Posts: 366 Forumite
in Cutting tax
Hi all
My wife has been given the option of taking a company car instead of her car allowance that she currently receives. My gut says that she'll be better off not taking it but need to do some calculations to prove myself right. She is a 40% tax payer.
Say for example the years BIK is £6,000. The tax payable would be £2,400. Is it a simple case of her tax code being reduced by 240 points, or is it more complicated than that?
Thanks
My wife has been given the option of taking a company car instead of her car allowance that she currently receives. My gut says that she'll be better off not taking it but need to do some calculations to prove myself right. She is a 40% tax payer.
Say for example the years BIK is £6,000. The tax payable would be £2,400. Is it a simple case of her tax code being reduced by 240 points, or is it more complicated than that?
Thanks
0
Comments
-
Brilliant thanks very much0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards