What is Cash IQ?

If your business offers drivers a cash allowance in lieu of a company car, we could help you make immediate savings with Cash iQ.

Cash iQ Brochure

Cash iQ makes savings for businesses who have cash allowance drivers.

If your business offers drivers a cash allowance in lieu of a company car, we could help you make immediate savings.

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How does it benefit your business and employees?

Using Cash IQ can benefit your business in a multitude of ways:

  • Your company will benefit from a reduction in NI payments
  • The employee will benefit from a reduction in NI contributions based on the business mileages recorded
  • Employees will no longer need to claim MAR on P87 or have the relief delivered through MARORS. The relief is delivered directly through their payroll.
  • TMC will provide you with a simple payroll file each month based on the employee’s mileage.