Name: LetsTalkFleet
Address: 1 Stadium Way, Salford, M30 7EY
Telephone: 0330 056 3335

Cash Allowance Fleet Scheme

Overview

One of the key questions we get asked more and more at LetsTalk is whether it is possible to remove company cars altogether given the significant recent (and future!) increases in company car taxation which are impacting both drivers and employers.

The answer is of course yes and there are often significant savings to be had by utilising tax efficient mileage payments however any scheme needs to be carefully planned, costed and modelled out to ensure costs are controlled in the future.

In our experience the savings can be up to 20%-30% against a traditional comparable fleet scheme no matter how large or small the fleet is.

Questions you may ask:

Is cash provision cheaper than providing a car?
What controls do I need to have in place after I replace the car scheme with a cash allowance?
Is there reduced administration?
How do I ensure drivers are driving approprtiate vehicles on business mileage?
What are the compliance considerations if I choose to offer cash versus a company car?
Is it clear how much cash allowances are costing the business with mileage repayments included?
Has my scheme been impacted by changes in tax legislation particularly in relation to salary sacrifice?
How big does my fleet have to be to benefit?

How does it work?

We can review your individual business' requirements factoring in:

Cost Optimisation
Corporate Compliance
Driver Satisfaction

OOur solution will cover the following:

Suggested cash allowance levels
Identify any drivers who should remain in a company car scheme
Suggested mileage reimbursement levels
Identify & Execute Go forward controls:
- Monitor vehicles used
- Driver licence checking
- Mileage approval and audit
- Full outsource of provision is possible