Maximising Tax Efficiency of a traditional Cash Allowance Scheme can deliver genuine savings to a Business
Tax Efficient Cash Allowance Schemes
As part of a mixed-fleet solution, or as a stand-alone car benefit, the cash allowance can still represent good value for some employees, and it needn’t be a risk or burden to the employer, especially where employees are unable or unwilling to take a Company Car or ECO alternative.
More importantly perhaps from a business perspective, optimising the tax efficiency of a cash allowance scheme, by fully utilising AMAPs, can deliver real savings.
Optimisation can even give employees the equivalent of year-end mileage allowance relief (MAR) in their pay without them having to make a tax return, whilst still delivering bottom line savings for the business.
To support such a scheme we can offer:
If you any further questions on Cash Allowance contact us or call 0800 091 4252