CarReward

This case study is based on the parameters of a genuine UK business. The mechanics are less important than the results, so detailed here are the inputs and the output of the application of CarReward. The savings speak for themselves.

CarReward Inputs
Total Employees

5500

Employees taking a company car

650

Employees taking cash

750

Average car allowance

400

Average business miles travelled by cash takers

3000

Average mileage reimbersement rate for cash takers

18 pence

Marginal PAYE rate for cash takers

40%

Percentage of non eligible employees who travel business mileage

30%

Marginal PAYE rate of non-eligible employees

20%

Average business mileage travelled by non eligible employees

1000

Average mileage reimbersement rate for non-eligible employees

15 pence

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In the scenario detailed here, by deploying CarReward, the business would save £647k per annum. In addition, by utilising CarReward, the business would drive £77k of value into the pockets of its employees every year. Nearly three quarters of a million pounds of value delivered by CarReward.
If you have a spare 5 minutes and would like to answer a dozen or so questions about your business, take the CarReward Questionnaire. Perran Maven will appraise your position at no cost. Alternatively, give us a call on: 0845 054 2310