Personal Car Ownership Plan - Finally Answering the Cash for Car Question. A new product that enables a business to turn the new tax legislation to its advantage and avoid any potential staff fallout. All the benefits of a company car without the tax.
hat are the Benefits:
> Provides the Driver with Tax Efficient Method of Funding - Savings can retained by employer or shared with employee
> Significant cost savings on providing company cars
> Delivers flexible benefits HR policy - No restriction on manufacturer or model of car
> No benefit in kind tax - Employee can maximise tax free payments, using the HMRC Approved Mileage Allowance Payments and £5000 interest free loans.
> Ease of administrative burden of mileage records etc
> Fixed monthly payments
> No risk on residual
Summary
PCOP is a new product aimed at allowing companies to take advantage of the new tax legislation with a win/ win situation for the company and the driver - Potential savings of £1.5M for a 500 car fleet.
Fleet Solutions
Driver Area
