Salary Sacrifice EV
- Thread starter Dec27
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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
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
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
You’ve not missed much, quieter, fast acceleration, warm up the car before leaving the house but soulless to drive.
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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.
That would have been my guess from reading what others say. But I bet they are great in traffic, round town and for general commuting.
I posted before that I don't think you can beat a sweet naturally aspirated petrol engine for driving fun.
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No different to driving an automatic car around town.
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Woof!
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Here's a good comaprison website
Choosing an ICE vs EV | Choosing an EV | EV Hub
Learn about the main differences between EVs and ICE vehicles – including cost, performance and lifespan – to help you make an informed decision.
www.coxautoinc.eu
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I've had my fully EV for 2¹½ months and just recharged it for the third time yesterday. I keep it above 30%, just in case.
I wouldn't go back to ICE. I still enjoy driving. It's just a different sort of enjoyment.
The weekend drive, only in dry weather?
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