6 Things You Need To Know
1. Season ticket loan
If you are a commuter, you can ask your employer if they can give you a tax-free loan to buy your season ticket.
2. Pool cars
Use a pool car for occasional business travel if your employer provides these.
3. Childcare schemes and tax credits
Ask your employer if they have a salary sacrifice childcare schemes. These are easy to establish and can result in substantial savings for both you and your employer
4. Company car
It’s worth considering to take a cash equivalent in pay instead of a company car if you are entitled to one as this might be more tax-efficient.
5. Going green
Consider a low-emissions model if you are changing your company car. These cars are now taxed at lower percentage of their price list than cars with high CO2 rating.
6. Pay in to a pension
The contributions to your employer’s pension scheme can be made from your gross pay, before any tax is charged.