What is a company car allowance policy?
A company car allowance policy details the structure of the car allowance that’s offered to the employee by the employer. Car allowances can be great for staff retention and for giving your workforce the cash sum they need to buy a car for work.
Can You claim a mileage allowance on top of a car allowance?
As a car allowance is given to the employee to buy their own personal vehicle, they can claim a mileage allowance on top when using this car for work purposes. A car allowance can help to cover fuel costs in general but claiming a mileage allowance on top is good for business. What does car allowance cover?
How often do you get paid for car allowance?
The amount paid out for your car allowance is stated in the employment contract and is normally paid every month with your salary, although some employers choose to pay annually. Regardless of the car you drive - as long as it’s not a company car - your employer can choose to pay a car allowance as a company benefit.