Personal Fuel Cards

tick1986
tick1986 Posts: 10 Forumite
Second Anniversary
Hi all,

Am just after some advice. My company is moving from company car (where they provide you with a car) to car allowance (I get £600 before tax a month to provide my own car including servicing, insurance, tyres etc).

The problem I see is that with my company car I get a fuel card and then tell the company how many of those are personal or business. With car allowance I will have to pay for my fuel and then claim it back.

I know my company is not great at paying these expenses on time and can take up to 6 weeks (or more) to do it. If I get a credit card I would have to pay out of my money which I would rather not do.

My question is whether anyone knows of a fuel card which can be paid quarterly (or similar) so I can build up my expenses claim and pay it all off at once? Rather then a credit card where I run the risk of charges.

TIA x

Comments

  • daveyjp
    daveyjp Posts: 13,359 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If it is taking 6 weeks to refund fuel charges simply remove use of your car. Its unacceptable for an employee to subsidise a business.
  • tick1986
    tick1986 Posts: 10 Forumite
    Second Anniversary
    I totally agree! Considering our policy states 14 days max. Its infuriating to hear especially when I, as an employee, is expected to hit deadlines.
  • Bigphil1474
    Bigphil1474 Posts: 3,340 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    OP, I have been in a scheme like the one you are moving to for over 20 years, although not as generous as yours. I put a claim in at the end of the month, for the calendar month, and it gets paid on the 16th of the next month in my wage, so is up to 6 weeks counting from day 1. Pretty standard in the public sector where I work. Bear in mind that the mileage payments are normally paid tax free, but reduce your tax free allowance retrospectively if there's a benefit in kind at the end of the year.
    Most credit cards give you up to 6 weeks to pay, so why not see if you can get your CC payment date changed to coincide with your pay day (+ a couple of days). I did use to use a credit card for petrol only, and it generally worked okay, but stopped as my mileage started being quite variable, so some months I wouldn't get enough to pay the balance, and sometimes more.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.9K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453K Spending & Discounts
  • 242.9K Work, Benefits & Business
  • 619.7K Mortgages, Homes & Bills
  • 176.4K Life & Family
  • 255.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.