Hello,
My current workplace offers a company car or cash alternative scheme and since starting 14 months ago I've taken the cash (£5080pa / £423pm GROSS)
My current car is nearing the end of its lease agreement so I'm weighing up the costs differences between the two.
My base salary is £43,350.
I've been looking at some of the cars that I can get from work and some of them offer the trade down.
Example is VW Polo 1.0 SE (£16,210.00 / 104 g/km) with a trade down of £ -124.05.
I'm a bit lost on what the actual NET changes are to my monthly wage by opting for the company car instead of the cash allowance.
Can someone who's had experience on this break this down for me?
Thank you!
My current workplace offers a company car or cash alternative scheme and since starting 14 months ago I've taken the cash (£5080pa / £423pm GROSS)
My current car is nearing the end of its lease agreement so I'm weighing up the costs differences between the two.
My base salary is £43,350.
I've been looking at some of the cars that I can get from work and some of them offer the trade down.
Example is VW Polo 1.0 SE (£16,210.00 / 104 g/km) with a trade down of £ -124.05.
I'm a bit lost on what the actual NET changes are to my monthly wage by opting for the company car instead of the cash allowance.
Can someone who's had experience on this break this down for me?
Thank you!