Car allowance...

Velocity said:
Who gives a monkey's, poor old Teledudes thread is getting hijacked :)
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THANK YOU :D

Anyway back to the question :p

Can I accept the car allowance without changing my own car? And will I be able to claim the 40p tax relief stuff I've read about?
 
Should I feel stupid? I dont know what you mean by car allowance now but I thought I did....

Monthly amount you want to pay on a lease or something?
 
zain said:
Should I feel stupid? I dont know what you mean by car allowance now but I thought I did....

Monthly amount you want to pay on a lease or something?
Click to expand...

Basically a monthly allowance to make sure you can move about so to speak :p

I think ;)
 
When I had an allowance it was £4,800 a year and that was on a £40K a year job. What you can and can't drive is entirely up to the company. For us they used to impose the same rules on models of car as they did for the company cars so no soft tops for example. They also stated the car had to be under 5 years old, but this tended to be flexible. If you drove a prestige marque then they realy didn't bother wit the age thing, provded it wasn't a 20 year old heap of junk.

I never quite understand the rules about claiming mileage back but cretainly we were restricted to 14 pence a mile like Rotty. Mileage rates are all about compensating you not only for the fuel but wear and tear etc. If you had a company car then the wear and tear element is irrelevant, hence such a low figure and they just keep the same number if you take the allowance instead it seems.
 
I work for National Grid and would get £350 per month car allowance but I don't do enough business mileage to qualify :(
 
A £24000 company car if my Dad wants too. Shame he can't afford that with what the possible future holds for 2 people going to uni that he is going to support.

Fuel gets fully paid on company trips.


(Just realised this thread is for people to buy their own car. :confused:
 
Last time I was in a position to have a company car, we could choose from the following:

£4000 pa allowance, plus a fuel card inc private mileage if you wanted it

Fully expensed Nissan Terrano 2.7TD Van

I took the van as it suited the nature of the job.

Now I work for myself I just draw 40p a mile for the first 10k and 25p thereafter, seems to be the most tax effective way of doing it.
 
So what do you do with this 'allowance'? Buy a second hand car? My dad is just given a budget every 3 years to buy a new car.
 
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