Salary Sacrifice EV

[Dec27]

We are thinking about getting an EV via salary sacrifice. Has anyone experience of it please?

 

[motorbiking]

If you normally lease a car, and are a high or top rate tax payer its worth it, particularly if it can push you into a lower band for say, pension tax or loss of personal allowance.

The deals don't seem amazing though so if you are a basic rate payer, shop around.

If you earn £100,000 - £125,140 then it can help you get back some personal allowance
If you are above that it can reduce your 45% tax rate.
If you earn £200,000, then it can help reduce tax on pension.

But you have to balance that with the fact that EVs are cheap second hand

 

[Dec27]

It’s for the Mrs, she’s on £70k. After a quick read I sort of thought, if she takes £6k as salary sacrifice for an EV she’d save the 40% tax on that amount ?

 

[Murdochcat]

Until salary sacrifice is limited in 27 I think

 

[Dec27]

Until salary sacrifice is limited in 27 I think

That’s sort of why I want the Mrs to get it now.

Plus I’ve never experienced the joys of an EV

 

[Old Salt]

That’s sort of why I want the Mrs to get it now.

Plus I’ve never experienced the joys of an EV

You’ve not missed much, quieter, fast acceleration, warm up the car before leaving the house but soulless to drive.

 

[Highway Man]

My Mrs hardly gets anywhere near the milage I get out of my hybrid, I would never buy another full EV. She likes hers but it constantly needs charging up.

 

[MNW67]

You’ve not missed much, quieter, fast acceleration, warm up the car before leaving the house but soulless to drive.

That would have been my guess from reading what others say. But I bet they are great in traffic and round town.

I posted before that I don't think you can beat a sweet naturally aspirated petrol engine for driving fun.