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After asking you lot for some advice last week about car allowances/company cars, I did lots of research and geeky speadsheets working out the true cost on my take home pay etc.
The stumbling block for me is that I will be a new driver, but I have to keep the car for 3 years - so whilst a Golf might be suitable for me as a new driver, I couldn't help but feel I'd be wishing I'd taken the BMW after a year. I don't actually need a car for work at all, it's just a perk.
So I've decided to take the car allowance instead for the moment.
However, after passing on this info to the HR department of my new employer, I said that I would probably cycle to work as much as possible since it's only 10 miles and has a proper cycle path the whole way with some scenic stuff along the route.
I was then told that the company will pay my mileage from home to work even if I cycle! That's awesome! What an incentive to get on the bike. It's not a huge amount, and it will be taxable, but when you add it up over the year it will easily buy me a new bike or pay for a holiday.
Do other employers do this? It's probably the best corporate incentive I've ever seen to get people to cycle to work. I know I'd still get the same mileage claim if I was in the car, but that's to cover fuel, wear, maintenance and depreciation etc - but the running costs of my bikes is practically nil (other than my own desire to buy new shiny stuff whenever I can). So it's just money in the bank for every mile I cycle. 🙂
Not here.
Managed to get a shower installed after 3 years hassling.
Have to keep bike in office as no allowance made in grounds.
And this in a company where 3 people drive in and 20 cycle (out of 50).
Who do you work for ?
is your new job with a large road sign based red and blue oil company .... if so i need to apply for a new job ....
ive heard similar stories from others working for them . as well as fresh towels being suppled for showering when you get to the office ....
You get mileage allowance just for coming to work?
Damn.
is your new job with a large road sign based red and blue oil company .... if so i need to apply for a new job ....ive heard similar stories from others working for them . as well as fresh towels being suppled for showering when you get to the office ....
It's not the company you are thinking of, but it's headquartered in a country where green incentives are a key agenda item.
There are fresh towels and good showers too though 🙂
it will be taxable, but when you add it up over the year it will easily buy me a new bike
Buy the new bike through the Bike To Work scheme and you can avoid the tax too 😀
IIRC, you can get up to 20p a mile for business mileage tax free. Anything over that has to be declared on your tax return.
I feel sad (orange and blue chemicals company)
Name them, do they need Chemists the North East?
so whilst a Golf might be suitable for me as a new driver, I couldn't help but feel I'd be wishing I'd taken the BMW after a year
Daft. Golfs are not beginner's cars, there's no such thing.
Otherwise, I agree with your post 🙂
IIRC, you can get up to 20p a mile for business mileage tax free. Anything over that has to be declared on your tax return.
Is home to place of work classed as "business" mileage though by HMRC? I was under the impression that it wasn't and is therefore taxable?
Would be even better if it was tax free though!
Bike locked to a drainpipe.
Get changed in the toilet.
Had to steal a locker.
Welcome to the NHS.
Name them, do they need Chemists the North East?
Not really comfortable naming them on here to be honest.
No need for chemists though 🙂
"Name them, do they need Chemists the North East? "
experianced and oilfield - yes
inexperianced and non oilfield - apparently not ... my mates mrs is back at uni doing a masters conversion from general chemistry to oilfield chemistry.
where you gonna be based out of peterfile ? ps is it a norwegian company then ?
[i]Is home to place of work classed as "business" mileage though by HMRC? I was under the impression that it wasn't and is therefore taxable?[/i]
No it's not. So you're right, it is.
.. I'm thinking poss. Danish .. ?
I pay myself. By saving petrol. 🙂
We are paid £0.10 per mile that we cycle to work. This is a benefit so is taxable. So far this calendar year I've earned £26.25 (before tax). 🙂
Awesome! You're job sounds quality. If you extend your commute do you get extra money?
What a training incentive 😆
"Bit skint this month, better do a 100miler" 😆