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Help with company car V car allowance
Alastair83
Posts: 2 Newbie
Hi all
really hope someone can help me here
i currently am employed and pay Tax at the higher rate in scotland, part of my package is is a company car (2ltr bluemotion VW Passat Estate) and also all my fuel including private is covered by the company, I travel in total about 18k per year
they have offered me 475 per month car allowance subject to tax and NI and also offered to continue to pay my fuel even if I take the allowance.
my question is after tax and NI this 475 wont be much I know but how much tax relief would I get back not having the company car? my current Tax code is SK499X due to all my added extras I get from work
really struggling to work this out so hoping someone can help
thanks
A
really hope someone can help me here
i currently am employed and pay Tax at the higher rate in scotland, part of my package is is a company car (2ltr bluemotion VW Passat Estate) and also all my fuel including private is covered by the company, I travel in total about 18k per year
they have offered me 475 per month car allowance subject to tax and NI and also offered to continue to pay my fuel even if I take the allowance.
my question is after tax and NI this 475 wont be much I know but how much tax relief would I get back not having the company car? my current Tax code is SK499X due to all my added extras I get from work
really struggling to work this out so hoping someone can help
thanks
A
0
Comments
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your allowance could force you into a higher bracketDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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