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New Job - Cash Allowance for Car

LawAbiding · 2019-01-15 19:43:53

Hi, Hoping to pick some brains. I currently have a company car and fully understand how this works. I have been offered a new job and so far they have insisted on a cash allowance rather going through the companies company car scheme. These are the options provided: Cash Allowance: £650 gross per month. Business mileage…

Comments

redpete Posts: 4,738 Forumite

17 January 2019 at 1:30AM

I agree that it's really not a matter of opinion. You know your expected annual mileage, the two options for additional salary (taxed at your marginal rate), the mileage expense paid, the HMRC allowance for mileage; so you can work out how much per year each option is worth.

loose does not rhyme with choose but lose does and is the word you meant to write.
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