NovaGTE2
Member
Registered: 26th Sep 06
Location: Peasedown St John, Bristol Avon
User status: Offline
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I've never had a company car nor car allowance; but have been head hunted for a job which over the phone they have offered me a good salary and company car allowance. They havent said how much that is; but before meeting with them i was wondering what is a fair sized allowance and what the tax implications of one is? I currentley get 45p per mile in my current job; but thats in my own car so i guess that would half if you have an allowance?
Not really sure how they all work and dont really know anyone who gets an allowance?
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sc0ott
Member
Registered: 16th Feb 09
User status: Offline
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Think it will drop to about 12p a mile when you get an allowance.
Depends what your job role falls into. The lower the job the less allowance / smaller company car.
Where i work its around 280 a month or a fiesta 1.6 tdci or focus tdci or equivalent. Thats the lowest band.
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cpcrampton
Member
Registered: 16th Feb 07
Location: Stirling
User status: Offline
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i used to get 45p a mile in my own car. I now get £750 a month car allowance which is basicly added onto my salary and it is taxed as normal and only get 25p/mile. depending on your base salary depends on how much the allowance will help you. ie if you are in the 40% bracket you will only see 60% of your allowance.
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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pretty sure you can claim unto 45p off the hmrc for your mileage. so for instance if they pay 20p, you can claim 25p.
most companies have different allowances depending on importance of your role.
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NovaGTE2
Member
Registered: 26th Sep 06
Location: Peasedown St John, Bristol Avon
User status: Offline
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Great thanks; its a fairly senior role and would prob want to get a 3 series out of it if im honest; would be 40% tho so thats an arsehole 
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cpcrampton
Member
Registered: 16th Feb 07
Location: Stirling
User status: Offline
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i just pocket the money and coninue to run around in the 330. the 25p/mile covers the fuel. so happy days.
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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No option for company car?!
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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bwbw
Member
Registered: 14th Feb 05
Location: Glasgow
User status: Offline
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quote:
Originally posted by Russ
pretty sure you can claim unto 45p off the hmrc for your mileage. so for instance if they pay 20p, you can claim 25p.
most companies have different allowances depending on importance of your role.
Almost, it's the tax relief on the difference...
I.e your paid 20p for 10k miles, you claim tax relief 22% of 25p for 10k miles....
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