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Where Taxpayers and Advisers Meet

Company Car BIK

Needy
Posts:1
Joined:Thu Jan 28, 2021 11:11 am
Company Car BIK

Postby Needy » Thu Jan 28, 2021 11:41 am

I am currently working remotely full-time and pay full BIK allowance for both car and fuel. I reach retirement age soon so I am reducing my hours to 3 days a week from the 1st April. I am considering returning the company car buying my own and receive a monthly allowance and claim mileage However. I am not sure which will be the most tax efficient option..any advice?

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