Joined: Mar 05 2007 Posts: 13190 Location: Hedon (sometimes), sometimes Premier Inn's
McLaren_Field wrote:When I gave up my company car, according to the Revenue figures I was £4300 out of pocket, I was therefore compensated this sum by my employer, you can easily check the notational value of the company car (with or without fuel provided) on the HM Revenue web site.
I suspect that even if you are driving a Merc you will still benefit financially from the move so if that is your motivation for applying for the job then go for it - only you can answer whether its something you actually want to do as a self improvement exercise.
We are not given a money option and have to drive a company car, which gets a few colleagues up in arms, but the way I look at it is this, I get a decent motor, changed every 3 years or so (18 months in my case as I will reach the 85k), serviced, tyres, insured, taxed and I can take it abroad on holiday for around £43 per month additional tax. If it breaks down I get a hire car delivered to where its broken down within 2 hours, they take the car away and return it fixed.
Taking a cash option means you have to buy a decent car, suffer the depreciation, insure it, tax it, service it, pay for tyres and if it breaks down, provide a replacement.
No brainer for me.
'when my life is over, the thing which will have given me greatest pride is that I was first to plunge into the sea, swimming freely underwater without any connection to the terrestrial world'
rover49 wrote:We are not given a money option and have to drive a company car, which gets a few colleagues up in arms, but the way I look at it is this, I get a decent motor, changed every 3 years or so (18 months in my case as I will reach the 85k), serviced, tyres, insured, taxed and I can take it abroad on holiday for around £43 per month additional tax. If it breaks down I get a hire car delivered to where its broken down within 2 hours, they take the car away and return it fixed.
Taking a cash option means you have to buy a decent car, suffer the depreciation, insure it, tax it, service it, pay for tyres and if it breaks down, provide a replacement.
No brainer for me.
I agree, I didn't make it clear though, my job function has changed and I'm mainly office based now, I took the money, threw away the crippling tax code to replace it with a standard one and bought a cheap second hand Peugeot for commuting the 7 miles each way to the office.
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Joined: Jan 30 2005 Posts: 7152 Location: one day closer to death
rover49 wrote:We are not given a money option and have to drive a company car, which gets a few colleagues up in arms, but the way I look at it is this, I get a decent motor, changed every 3 years or so (18 months in my case as I will reach the 85k), serviced, tyres, insured, taxed and I can take it abroad on holiday for around £43 per month additional tax. If it breaks down I get a hire car delivered to where its broken down within 2 hours, they take the car away and return it fixed.
Taking a cash option means you have to buy a decent car, suffer the depreciation, insure it, tax it, service it, pay for tyres and if it breaks down, provide a replacement.
No brainer for me.
Couldn't agree more. My employer is taking the piddle when it comes to cars. I work from home and I'm on the road 3-4 days a week, with a patch ranging from Milton Keynes to Aberdeen. For 5 years I got 40p a mile, that's it. Nothing else. I had to suffer many tyres, an exhaust, a blown clutch, etc, for 40p a mile. Then in August they raised it to 45p a mile, backdated to April. How generous.
What irks me is that they said if we gathered evidence our competitors were offering more they'd match it. I spoke with our competitors and put together a comprehensive list showing they provide company cars, or an allowance + fuel card, etc. Some of my colleagues did the same. It was ignored for a year until they put the mileage up, and that's all we're getting.
Unsurprisingly, after almost 6 years I'm looking elsewhere.
suttonrobin wrote:Hi guys need some advise please. Currently working for a salary of 15-16k. for a 43 hour week this includes weekends, evenings bank holidays. Get a company car. Im fairly happy with this job, but starting to get pressured and stressed. Applied for a new job where the salary is 22k.Days, no weekends or nights. Im down to final interview after passing aptitude test and telephone interview. My dilemma is if I get the job whether to accept or not. My partner keeps telling me the grass isn`t always greener etc. Has anyone had a decision to make similar and what you do in my position should I get the job.
Cheers
Screw it, go for it. Don't die wondering. I made the decision years ago never to work weekends again and I love it. You're getting an almost 50% pay rise and a company car. Blow 'em away in the final interview and make 'em want you.
I suspect you're nervous at taking the plunge, but everyone has doubts when changing jobs - don't let that put you off, take the next step up the ladder.
Joined: May 25 2002 Posts: 37704 Location: Zummerzet, where the zoider apples grow
Cronus wrote:Couldn't agree more. My employer is taking the piddle when it comes to cars. I work from home and I'm on the road 3-4 days a week, with a patch ranging from Milton Keynes to Aberdeen. For 5 years I got 40p a mile, that's it. Nothing else. I had to suffer many tyres, an exhaust, a blown clutch, etc, for 40p a mile. Then in August they raised it to 45p a mile, backdated to April. How generous.
I was charging out 45p per mile ten years ago, I never used my own car then, I had a very lucrative hire deal and still came out in front.
It really shouldn't be up to you to rank yourself among your competitors, it's a simple question of a realistic and fair mileage allowance, based on a full-repair, operating lease + tyres, fuel, insurance, VED etc. There are websites out there to help calculate a fair mileage allowance.
Mind you, I know of private healthcare workers who would kill for 45ppm
The older I get, the better I was
Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy ------------------------------------------------------------------------------------------------------------ kirkstaller wrote: "All DNA shows is that we have a common creator."
cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen"
------------------------------------------------------------------------------------------------------------ "No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan
The Inland Revenue aren't known for their generosity when allowing individuals to claim for things but even they standardise on 45p a mile for the first 10k in any tax year, then 25p a mile...http://www.hmrc.gov.uk/rates/travel.htm
20k of chargeable mileage a year should nett you £7k a year which is about the same as they rate your average fuelled-up rep-mobile for personal tax coding purposes (or at least it was in 2010), all you have to do is buy/lease, maintain and fuel it for £7k, and then keep meticulous records to record your business mileage.
The Inland Revenue aren't known for their generosity when allowing individuals to claim for things but even they standardise on 45p a mile for the first 10k in any tax year, then 25p a mile...http://www.hmrc.gov.uk/rates/travel.htm
20k of chargeable mileage a year should nett you £7k a year which is about the same as they rate your average fuelled-up rep-mobile for personal tax coding purposes (or at least it was in 2010), all you have to do is buy/lease, maintain and fuel it for £7k, and then keep meticulous records to record your business mileage.
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suttonrobin wrote:Hi guys need some advise please. Currently working for a salary of 15-16k. for a 43 hour week this includes weekends, evenings bank holidays. Get a company car. Im fairly happy with this job, but starting to get pressured and stressed. Applied for a new job where the salary is 22k.Days, no weekends or nights. Im down to final interview after passing aptitude test and telephone interview. My dilemma is if I get the job whether to accept or not. My partner keeps telling me the grass isn`t always greener etc. Has anyone had a decision to make similar and what you do in my position should I get the job.
Cheers
15k for a 43 hour week? Working weekends and bank holidays for normal rate, and not time and half/ double time/ day in lieu?
You get a chance of a £7k pay-rise, and you got to ask if you should take it? Put it this way, you are a number and nothing more. You are easily replaceable. You're present job could go t1ts up this week ( as could any job). Absolute no-brainer, look after and care about number 1, because noone (workwise) cares about you. Think of the positives, no weekends/ bank holidays, more money, better holidays, better standards of living. Go for it, and sod the rest.
ps/ can't believe that some people are prepared to work bank holidays and weekends for normal time
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Joined: Jan 30 2005 Posts: 7152 Location: one day closer to death
cod'ead wrote:I was charging out 45p per mile ten years ago, I never used my own car then, I had a very lucrative hire deal and still came out in front.
It really shouldn't be up to you to rank yourself among your competitors, it's a simple question of a realistic and fair mileage allowance, based on a full-repair, operating lease + tyres, fuel, insurance, VED etc. There are websites out there to help calculate a fair mileage allowance.
Mind you, I know of private healthcare workers who would kill for 45ppm
I know the car situation is a crap state of affairs, but this job was a step-up for me, a £10k pay rise and working from home means no commuting costs and a far better quality of life. We've made our case several times, provided evidence and been ignored, and after almost 6 years I've probably done my time and ready to look elsewhere. I will be citing the car situation as a key reason for me leaving.
One of my colleagues in London has sold his car and when public transport isn't realistic he hires cars at an astronomical cost. He's had his wrists slapped but well done to him. I sold my car last year so we're down to one (we don't need two anyway), and I can't therefore be as flexible as they like, but tough titties. We warned them many times this would happen.
Joined: May 25 2002 Posts: 37704 Location: Zummerzet, where the zoider apples grow
Cronus wrote:I know the car situation is a crap state of affairs, but this job was a step-up for me, a £10k pay rise and working from home means no commuting costs and a far better quality of life. We've made our case several times, provided evidence and been ignored, and after almost 6 years I've probably done my time and ready to look elsewhere. I will be citing the car situation as a key reason for me leaving.
One of my colleagues in London has sold his car and when public transport isn't realistic he hires cars at an astronomical cost. He's had his wrists slapped but well done to him. I sold my car last year so we're down to one (we don't need two anyway), and I can't therefore be as flexible as they like, but tough titties. We warned them many times this would happen.
If he's in London and not on a car share scheme, he's daft
The older I get, the better I was
Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy ------------------------------------------------------------------------------------------------------------ kirkstaller wrote: "All DNA shows is that we have a common creator."
cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen"
------------------------------------------------------------------------------------------------------------ "No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan
Joined: Jan 30 2005 Posts: 7152 Location: one day closer to death
cod'ead wrote:If he's in London and not on a car share scheme, he's daft
He lives in Kent somewhere and like me he's not office-based but has a territory - his covers most of East and North London, plus Essex and Kent. Most of his working week is spent whizzing around London by tube or train, but duty often calls him further afield when he would normally require a car.
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