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| *Ostroff, Fair and Company>>>United Kingdom Taxes |
How do I work out whether to get a company car or take the allowance? |
How do I work out whether to get a company car or take the allowance? If you plan to stick around and fairly confident that your job is secure, take the allowance. You then don't get penalised for the type of car you pick. Only rpoblem if you loose your job you can be stuck with a car that you have to keep up the repayments on get a cheap car and keep some of the allowance THATS RITE Take the allowance - comapny cars are really taxed to the hilt you will really be better off with the allowance than having the car. Have a look at the goverments direct gov website or inland revenue website to find out the figures. Take the allowance, if you get a company car and you want to leave your job you will be left with no car, take the money so you won't feel so beholdened. take the allowance. My friend did and he got to buy his brand new mini (monthly payments) with the allowance, and it was almost paid for by the time he got his next job and moved on. Well do you need a car or is public transport a drag. Personally i'd take the allowance, buy a cheap car and shop a lot. |
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