The legal mobility budget
- For companies offering company cars
- Employees have three options to choose from
- KBC Autolease and its partners can help you with implementation
What is the legal mobility budget?
The mobility budget allows employees to exchange their company car for more sustainable solutions. They can choose from a wide range of options, such as bicycle leasing, shared mobility, season tickets for public transport and even compensation for housing expenses. The mobility budget is calculated on an annual basis.
What the mobility budget looks like: three pillars
The mobility budget consists of three pillars: three different ways for employees to use their mobility budget.
1. Eco-friendly company car
This pillar is optional: companies can choose to offer an electric vehicle to their employees. The tax treatment remains the same as for a traditional company car.
2. Sustainable mobility and housing
Companies can choose which alternatives to offer, for example:
- Public transport, shared mobility and taxis
- Leasing or purchasing conventional or electric bicycles, kick scooters and related accessories
- Housing costs (rent or home loan) for employees that live within 10 km of the workplace or telework over 50%.
3. Payment in cash
If there’s any remaining budget, employees can opt to have the remaining sum paid out. An employee contribution of 38.07% is deducted from this amount. In this scenario, there are no additional costs for the employer.
Why go for a mobility budget?
The government wants to reduce dependence on traditional company cars and encourage employees to choose more sustainable and efficient means of transport. By reducing CO2 emissions, the mobility budget is also a climate-conscious option.
Some employees live close to work, spend more time working from home or prefer to use other means of transport such as an electric bicycle, taking the train or a combination of different transport solutions.
Young people have a strong preference for flexibility, convenience and digital solutions.
The mobility budget is not only a practical solution, it’s also a compelling argument as part of your recruitment policy. In a tight labour market, talented jobseekers look for employers who offer flexibility, sustainability and freedom of choice. A mobility budget allows you to capitalise on this perfectly.