20 Jan 2018

A question about : Company Car & Tax

I'm lucky enough to have a job with a company car and a fuel card, I've heard this isn't very tax efficient and it's better to:
1) Pay for fuel and expense costs (my private miles are small) or
2) Opt out of company car scheme and purchase own car.

Opinions please!!

Best answers:

  • Hi my husband works for a car company and he gets a company car heres the deal....
    you can either havea company car or not... those are your options
    now we worked out its about 100-150 per month to have this luxury....based on his wage..
    BUT can you buy, maintain, tax, insure, etc etc etc a car for 150 per month?
    We couldn't he would need to buy a reasonable car, and the tax and insurance on top of that would just be alot more!
  • MOVING THREADS FOR BETTER RESPONSES
    Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere(please see this rule) so this post/thread has been moved to another board, where it should get more replies. If you have any questions about this policy please email abuse@moneysavingexpert.com.
  • Do a search, this question has been done to death...
    I will try and find some threads for you.
  • https://forums.moneysavingexpert.com/...ompany+car+tax
    https://forums.moneysavingexpert.com/...ompany+car+tax
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