HELP! Car Allowance vs Company Car

tb1986

Hello..

I could really do with some help!!

Basically I have been offered a new role with a salary of £47000 plus £5000 car allowance. In my current position I get a company car and my boss has decided to match the new job offer. The new job will mean I do around 25,000 business miles were as my current role I am doing 30,000+ business miles and I will most likely do 5000 personal miles each year. I am confused on the mileage situation as I currently pay 15p per mile in the company car but in the car allowance do I pay for all the mileage and then claim is back even though I will get a fuel card?? I am bascially wanting to know which offer will be the most financially rewarding?

I know it sounds greedy but I am trying to save as much money as possible before I emigrate in early 2017 and I have recently just bought a house to rent out and trying to organise my finances.

If anyone can help me that would be awesome!

Thanks

Caz3121

you would be better off posting this on the Cutting Tax board (this one is for state benefits)

Poppops

If you get a fuel card, what would you be claiming back? Your fuel has been paid for surely?