I Have The Option To Take A Company Car Or Cash Allowance, Which Would Be Best?

Whether to take a cash allowance or a company car is a common dilemma many employees face and the answer depends on a number of factors, some key considerations are: the cash allowance value, company vehicle choice, income tax  and national insurance rates, benefit in kind tax on the company vehicle, business mileage, mileage reimbursement rates for company car and cash takers and the convenience of company car versus managing your own contract.

You should consider all these elements when making your decision and don't forget to factor in future car benefit in kind tax rates, this sounds complex however this doesn't need to be daunting, contact us and one of our customer service executives will be happy to discuss your individual requirements with you and help answer any questions you have.