Company car allowance
Posted: Wed Dec 30, 2020 7:51 pm
Good evening.
I have an IVA with Mccambridge Duffy and I have just changed jobs to one that has a car allowance. I am using our family car and my wife has been given my dads old car (retired from driving). My wife doesn’t work and due to me
travelling some 35-40k per annum we need two cars. Plus I’m away sometimes (post/pre Covid-19). I travel all over the south.
The allowance I’m paid is to cover running costs etc and purchasing/depreciation, I normally service twice a year and tyres all round twice. Fuel I get reimbursed obviously at 20p per mile. (Nonprofit)
Will they wish to take some of this allowance? Obviously at some point my car will need replacing too and I will need to save for this as I can’t get credit. Can anyone shed any light here.
Many thanks and keep safe.
Neg.
I have an IVA with Mccambridge Duffy and I have just changed jobs to one that has a car allowance. I am using our family car and my wife has been given my dads old car (retired from driving). My wife doesn’t work and due to me
travelling some 35-40k per annum we need two cars. Plus I’m away sometimes (post/pre Covid-19). I travel all over the south.
The allowance I’m paid is to cover running costs etc and purchasing/depreciation, I normally service twice a year and tyres all round twice. Fuel I get reimbursed obviously at 20p per mile. (Nonprofit)
Will they wish to take some of this allowance? Obviously at some point my car will need replacing too and I will need to save for this as I can’t get credit. Can anyone shed any light here.
Many thanks and keep safe.
Neg.