Provecta Car Scheme (ECO)
Discussion
Can anyone explain the Provecta Car Scheme to me? I am considering a Job where this is part of the package and need more info.
I've been on Car allowance for the Past 6 Years and have got used to the additional income from that although a majority of it has been paying for my daily drive.
I know this scheme is tax efficient but how will it effect me? Do I get taxed for the company car?
I have always in the past found car allowance to have its benifits (and works well if you do alot of business miles), I like the Idea of getting into a co car again for the no risk benifit but will I be better or worse off.
I guess alot of the answers will be dependant on mileage (business/personal), type of car etc.
Any help much appreciated.
I've been on Car allowance for the Past 6 Years and have got used to the additional income from that although a majority of it has been paying for my daily drive.
I know this scheme is tax efficient but how will it effect me? Do I get taxed for the company car?
I have always in the past found car allowance to have its benifits (and works well if you do alot of business miles), I like the Idea of getting into a co car again for the no risk benifit but will I be better or worse off.
I guess alot of the answers will be dependant on mileage (business/personal), type of car etc.
Any help much appreciated.
r3nuf said:
Do you know anyone that works for Haymills in Stowmarket Tom? I know they run the scheme and a few of the Qs's have opted for it.
No don't know anyone there, I did go to college with a few but they have now left / lost contact. It seems a really good scheme from what I have found out!
It is a little irrelevant now as I am going to a different company and have opted for car allowance again. (it was a tough decision between the two companies but hopefully the right decision )
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