Hi I am currently driving a 01 1.6 Opel Vectra which is a company car ...the company lease is up on the car and they are now trying to get me to take a car allowance of €8000 a year.
My contract states that a Company Car will be provided.
Do you think I should make the move?
How does their offer of €8K compare to other companies?
You car allowance will be taxed as normal income, but on the upside, the benefit in kind tax hit that are currently paying will go away. Car allowance is not usually taken into account on pensions contributions.
€8k seems fairly modest. With my employer, the entry-level car allowance is around €9k - €10k.
What are the civil service rates?
In my conpany we get a flat rate of 50 cents a mile.
It was 65 cents but we were told to lower it during a tax audit.