The average driver spends 195 hours a year stuck in traffic in Brussels alone. You can imagine how fed up people are of commuting, so much that 45 percent of Belgians are ready to move closer to work in order to avoid traffic jams! Besides the time and productivity wasted in traffic, there are many other benefits to giving employees alternative solutions: helping to fight climate change, contributing to employee well-being, and giving your company a competitive edge. The mobility budget is not only a greener solution than the company car, it’s more flexible and fiscally attractive.
What’s the mobility budget all about? Here are the basics you should know:
The amount of the mobility budget is based on the Total Cost of Ownership (TCO) of the company car for the employer: this includes leasing or rental costs (or the annual depreciation of 20% in case the car is purchased), non-deductible costs or taxes like VAT, and any other costs including fuel and insurance. The employer can also generalise the calculation and make it the same for all employees of the same level. This is especially helping employers since the real TCO will vary slightly from employee to employee.
The employee is free to spend that gross budget on three pillars, depending on the options offered by the employer. Any budget remaining from one pillar can be spent on the following pillar.
The employer is legally required to put a smart mobility solution in place so employees can consult their available mobility budget at all times. That’s where Skipr makes it easy for everyone! We give employees a convenient way to spend their mobility budget on public transport and shared mobility that is completely transparent, so both employees and employers have more peace of mind. The admin is a cinch with our single monthly invoice and direct integration with payroll systems.
In short: Skipr makes the set-up, admin and consumption of the mobility budget a smooth ride.
Check out our plans here.