This week’s #SaveMoneyMonday is all about car tax and the new changes that will affect anyone who needs to tax a car from the 1st October! Not a very exciting subject but still….
So, for those of you who don’t already know, from the 1st October this year there are big changes to the way that we tax our car – the big one being that we no longer need to display a car tax disc in our cars. It’s no longer necessary so when you buy car tax in future, you won’t get a tax disc and if you still have time to run on your current tax disc after the 1st October, you can destroy your existing disc.
As far as buying your car tax, you’ll still get a reminder before your existing one expires and you can still buy your disc online or at the Post Office but there are different ways to pay which can make budgeting for car tax much easier.
You can now pay by Direct Debit, either annually, six monthly or the most convenient option for budgeting – monthly! I understand that there will be a 5% surcharge to pay monthly but that’s half the current surcharge to pay six monthly which is what I always do anyway so I’m saving a little bit and making the payments more affordable by spreading them over the year rather than having two lump sums.
There’s also changes that will affect you if you are buying or selling a car which you can find out about here if you really want to know.
What do you think?