Hi Guys
Please advise
I am claiming working tax credits and housing benefits ( i have 2 kids and wife, we live in a 2 bed appartment all UK nationals)
I am working full time. I am recently been notified of a promotion at work with 4k pay raise and a company car (or car allowance)
My Pay rise will automatically affect the amount i get towards my tax credits and housing benefits. but this is fine since i am getting some extra pay from work.
But what would be a better option/ a company car or a car allowance? the car allowance is aprox 480/month
If i get a car allowance? will this also counted towards my Pay and decrease my HB and TC & CTC payments? I understand if i get a compnay car i will still have to pay some tax on it.
I am not sure which option to choose to or who to speak to get the exact figures. i dont want to end up getting a company car and then have difficulties paying the rent
Please advise
Regards
Faz
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