Season Ticket Loan - Tax code advice please
columbia
Registered Posts: 573 Epic contributor 🐘
Hi
My friend has a query, and as I did not know the answer I thought that this would be the best place to post the question.
She has today been offered a job with a basic salary and an add on amount to pay towards her travelling costs.
She said that the extra amount she is allowed is £5365 to cover train travel excluding tubes or £6000 to cover train travel and tubes.
The company are classing it as a season ticket loan. Could someone kindly advise how this would affect her earnings.
I assume she would declare the extra on a P11D next year and her tax code would change, if someone is able to advise on this that would be great.
Thanks in advance
Tracy
My friend has a query, and as I did not know the answer I thought that this would be the best place to post the question.
She has today been offered a job with a basic salary and an add on amount to pay towards her travelling costs.
She said that the extra amount she is allowed is £5365 to cover train travel excluding tubes or £6000 to cover train travel and tubes.
The company are classing it as a season ticket loan. Could someone kindly advise how this would affect her earnings.
I assume she would declare the extra on a P11D next year and her tax code would change, if someone is able to advise on this that would be great.
Thanks in advance
Tracy
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