Percentage of your monthly income spent on fuel
Discussion
D1ngd0ng said:
How does one account for a fuel card?
Are you not taxed on it as a benefit in kind? If so it's the cost of the tax.For me my fuel works out somewhere around 1.5% of takehome. I may have a 5.0 V8 but commute by bike/tube/train/plane. The car is for fun at weekends and for family holidays.
There are some quite astonishing figures here. I can see the attraction of diesels now. I had no idea people had to spend such a vast proportion of take home pay on fuel.
Edited by angusc43 on Tuesday 15th November 13:11
This was mentioned on the Daily Politics today, many normal people are paying 10% of their income on fuel.
The Depart of Energy and Climate Change says:
"A household is said to be in fuel poverty if it needs to spend more than 10% of its income on fuel to maintain a satisfactory heating regime (usually 21 degrees for the main living area, and 18 degrees for other occupied rooms)."
So if you need a car for work, and the car costs 10% of your income to fuel does that mean you are a fuel pov?
The Depart of Energy and Climate Change says:
"A household is said to be in fuel poverty if it needs to spend more than 10% of its income on fuel to maintain a satisfactory heating regime (usually 21 degrees for the main living area, and 18 degrees for other occupied rooms)."
So if you need a car for work, and the car costs 10% of your income to fuel does that mean you are a fuel pov?
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Exactly the reason why I didn't buy something like an S3. The figure would have been 50% 
