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Calculate your exact net cost and tax savings for any electric vehicle through salary sacrifice
Based on your £35,000 salary. You can manually change if needed.
Salary Sacrifice: You exchange part of your gross salary for the EV lease cost, which reduces your taxable income before tax and National Insurance are calculated.
Tax & NI Savings: Because the exchange happens before tax, you save both income tax (20%, 40%, or 45%) and employee NI (12%) on the sacrificed amount.
BiK Tax: You pay Benefit-in-Kind tax on the car at 2% of the P11D value (list price). This low rate is locked until 2028 for electric vehicles.
Net Cost: Monthly lease cost - Tax savings - NI savings + BiK tax = Your actual monthly cost