{ "media_type": "text", "post_content": "Anyone leased a car with the Car Allowance rather than cashing it out as I do? How does it work out taxwise as a benefit? The cash bonus currently gets taxed at the full applicable rate (40% for me).", "post_id": "5f7e0886d898d0002189f7bd", "reply_count": 1, "vote_count": 0, "bowl_id": "5f42c750446a31001af415c4", "bowl_name": "Accenture UK" }

Anyone leased a car with the Car Allowance rather than cashing it out as I do? How does it work out taxwise as a benefit? The cash bonus currently gets taxed at the full applicable rate (40% for me).

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It’s taxable at your tax rate however you use it - it’s an allowance. Effectively cash compensation so subject to income tax

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